UK's XLMedia slumps on weak US growth
26/05/2023 08:54
** Shares of online sports betting company XLMedia PLC
XLM.L down 15.5% to 9.5 pence, an all time low
** Stock eyes worst day in about 8 months
** Co says H1 2023 revenue will be lower as compared to a
year earlier as U.S. growth stumbles
** CEO David King expects current softness in the market to
continue across early summer
** Co expects NFL season and new product launches to help
performance in H2
** Says growth in U.S. market will not be linear, but
expects it to be in line with FY expectations
** Including sessions losses, stock is down 41.54% YTD
(Reporting By Akshita Toshniwal in Bengaluru)
((Akshita.Toshniwal@thomsonreuters.com))