XLMedia achieves new record performance for H1 2017
London AIM, listed as XLMedia Plc specialist in the affiliate marketing industry, published its H1 interim results of 2017 ending June 30, and disclosed an ‘accelerated growth’ among its assets and products, since XLMedia achieves new record performance with a revenue of $68 million, which is 33% more than in 2016, where the H1 reached $51.2 million.
To update their investors, the governance of XLMedia said the company, whilst sustaining high margins with partner clients, had been able to expand the coverage of its publishing inventory.
At the same time, by integrating new digital assets XLMedia managed to successfully extend the company’s portfolio beyond the sector of online gaming.
For example Greedyrates.ca, a Canadian based website to compare the market credit and MoneyUnder30.com, a compilation of financial services in the US, are both part of the new corporate assets.
By the end of a successful six-moth period, XLMedia declared $22.9 million as a group EBITDA, which is 33% more than in the previous year, where the amount reached $17.7 million, in combination with the corporate profits of $19 million.
In a statement, XLMedia governance formulated, that after acquiring the platforms ClicksMob and MarMar, which are ranked as the first platforms of mobile marketing, the company is now striving to extent its weight in mobile marketing this August.
Concerning the H1 2017 corporate performance, Ory Weihs, currently holding the position as the Chief Executive Officer at XLMedia, stated: “We are delighted to report another record period of strong profit growth for the Group. The combination of both organic and acquisitive growth has accelerated our progress extending our business into new verticals and new geographic regions.
Current trading remains strong and we are confident that the ongoing implementation of our strategic focus will continue to yield excellent results, underpinning the board’s ongoing confidence in the Company’s near and medium term prospects.”
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