XLMedia to exceed expectations with 66% full-year profit rise
Egaming digital marketing firm estimates profits and revenues hit £19.7m and £61.9m respectively during 2015
XLMedia expects to exceed market expectations and record a 66% year-on-year rise in profits for 2015, the AIM-listed marketing firm announced this morning.
In a trading update for the financial year ending 31 December 2015, the company said full-year EBITDA is expected to reach $28.2m (£19.7m) for the year, while revenues are also predicted to increase 75% to $88.6m (£61.9m).
The egaming digital marketing firm said the strong growth in revenues and profits was the result of an expanded geographical presence from recent acquisitions coupled with strong organic growth.
âWe are extremely proud of last yearâs strong financial performance and the achievements we made in the period in terms of innovation and our technology,â Ory Weihs, XLMedia CEO, said.
âWe look forward to providing a more detailed update when we report the companyâs full year results for the year ended 31 December 2015 in March,â Weihs added.
The company completed a number of acquisitions last year including its purchase last June of a majority stake in web and mobile marketing company Marmar Media in a deal worth up to $7.36m (£4.72m).
The following month XLMedia also bought a series of UK-facing mobile websites, while in September it acquired social and mobile gaming marketing firm ExciteAd Digital Marketing (EDM) for $19m.