Trading Update

RNS Number : 4993V

XLMedia PLC

24 July 2018

 

For immediate release

24 July 2018

XLMedia PLC

("XLMedia" or the "Group" or the "Company")

Trading update

XLMedia (AIM: XLM), a leading provider of digital performance marketing, is pleased to announce the following trading update for the six months ended 30 June 2018.

The Group continues to trade in line with recently revised market expectations, and is executing on its strategy of diversifying its revenue streams through both organic and acquisitive means. 

During the period, the Group acquired additional assets in both the gambling and personal finance space. These bolt-ons include the acquisition of Good Game Ltd's assets in January and WhichBingo.co.uk in April, as well as additional personal finance websites, including the recently acquired InvestorJunkie.com. All acquired assets are in the process of being integrated into the Group.

In XLMedia's personal finance vertical we have seen continued organic growth. The growth in this sector, combined with the website additions XLMedia has made during the past year, means that Group's revenues from this vertical are currently accounting for 10% of the Group's publishing revenues on a run-rate basis, compared to 5% in the prior year.

The Company will report results for the six months ended 30 June 2018 on 24 September 2018.

 For further information, contact:

XLMedia plc Ory Weihs www.xlmedia.com	Via Vigo Communications
Vigo Communications Jeremy Garcia / Fiona Henson / Kate Rogucheva www.vigocomms.com	Tel: [phone]
Cenkos Securities plc (Nomad and Joint Broker) Camilla Hume / Mark Connelly www.cenkos.com	Tel: [phone]
Berenberg (Joint Broker) Chris Bowman / Mark Whitmore  www.berenberg.com	Tel: [phone]

 

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