XLMedia H1 revenues climb 29%
Digital marketing firm reports revenues soar to $51m, while profits also increase 31.8% YoY
XLMedia has announced a 38.6% year-on-year rise in H1 2016 revenues, according to a trading update released this week.
Revenues during the six months ended 30 June 2016 stood at $51m, up from $36.8m in the same period last year, while EBITDA also increased 31.8% to at least $17m.
The performance marketing firm also broke down revenues on a geographical basis, which showed Scandinavia was the countryâs biggest market with 48% of revenues.
Other European countries accounted for 29% and North America 17%.
Meanwhile, revenues from online gambling accounted for approximately 70% of the group’s revenues, with the other 30% made up from mobile applications, software, utilities and e-commerce.
“We continue to executive our strategic plan and further diversify our business,” XLMedia CEO, Ory Weihs, said.
“The company’s position as a leading performance marketing company is allowing us to implement our know-how, expertise and technology as well as to further expand into additional verticals and markets.
“We continue to invest in developing more tools and systems to strengthen our competitive advantage and look forward to report our full half year results.”