Gambling gateway XLMedia sees big surge in half year revenues

Michael Bow
Follow Michael
DIGITAL marketing company XLMedia has produced an 83 per cent jump in half year revenues and said it was on track to deliver full year numbers in line with expectations.

The Aim-listed firm, which runs websites designed to lure online gamblers to betting sites, said revenues rose to at least $36.4m (£23.2m) for the six months ending June 2015. Earnings before interest, tax, depreciation and amortisation were at least $12m for the period.

The company, which has big name clients like William Hill and Ladbrokes, snapped up a stake in rival Marmar Media in July, a deal it said will boost to future revenues.

“We see numerous opportunities for consolidation and hence we continue to evaluate additional businesses which are a good fit for the group,” chief executive Ory Weihs said.

The firm is chaired by the former chief executive of Ladbrokes Chris Bell.