XLMedia H1 revenues slump following Gambling.com sale
XLMedia
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16:55 06/09/24
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Digital media firm XLMedia said on Tuesday that interim revenues had slumped following its $37.5m sale of Gambling.com.
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Media
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XLMedia said group total revenues had shrunk from $29.4m in H123 to $15.6m in H124, with discontinued business revenues dropping from $12.5m to $5.2m and continuing business revenues shrinking from $16.9m to $10.4m.
Looking forward, XLMedia said adjusted underlying earnings for the continuing business, excluding revenues and ongoing costs of the discontinued business, was estimated at roughly $5.0m for the full year, benefiting from four months of the NFL season and reductions in its central cost base in H224.
As of 1330 BST, XLMedia shares were up 1.27% at 10.0p.
Reporting by Iain Gilbert at Sharecast.com