XLMedia H1 revenues slump following Gambling.com sale
![XLMedia | Sharecast graphic / Josh White dl xlmedia plc xlm consumer discretionary media media media agencies aim xl media logo 20230822 1453](https://img5.s3wfg.com/web/img/images_uploaded/a/6/dl--xlmedia-plc--xlm--consumer-discretionary--media--media--media-agencies--aim--xl-media--logo--20230822-1453_620x350.jpg)
XLMedia
9.75p
16:55 06/09/24
0.00%
0.00p
Digital media firm XLMedia said on Tuesday that interim revenues had slumped following its $37.5m sale of Gambling.com.
FTSE AIM All-Share
744.00
17:09 06/09/24
n/a
n/a
Media
12,393.88
16:44 06/09/24
0.28%
34.23
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