REG - XLMedia PLC - Trading Update

XLMediaAnnouncement

24/07/2018 07:05

RNS Number : 4993V
XLMedia PLC
24 July 2018
 







For immediate release


24 July 2018





 
XLMedia PLC
("XLMedia" or the "Group" or the "Company")
 
Trading update
 
XLMedia (AIM: XLM), a leading provider of digital performance marketing, is pleased to announce the following trading update for the six months ended 30 June 2018.
 
The Group continues to trade in line with recently revised market expectations, and is executing on its strategy of diversifying its revenue streams through both organic and acquisitive means. 
 
During the period, the Group acquired additional assets in both the gambling and personal finance space. These bolt-ons include the acquisition of Good Game Ltd's assets in January and WhichBingo.co.uk in April, as well as additional personal finance websites, including the recently acquired InvestorJunkie.com. All acquired assets are in the process of being integrated into the Group.
 
In XLMedia's personal finance vertical we have seen continued organic growth. The growth in this sector, combined with the website additions XLMedia has made during the past year, means that Group's revenues from this vertical are currently accounting for 10% of the Group's publishing revenues on a run-rate basis, compared to 5% in the prior year.
 
The Company will report results for the six months ended 30 June 2018 on 24 September 2018.
 
 
 
 For further information, contact:
 





XLMedia plc
Ory Weihs
www.xlmedia.com
 


Via Vigo Communications




Vigo Communications
Jeremy Garcia / Fiona Henson / Kate Rogucheva
www.vigocomms.com
 


Tel: 020 7390 0230




Cenkos Securities plc (Nomad and Joint Broker)
Camilla Hume / Mark Connelly
www.cenkos.com
 


Tel: 020 7397 8900




Berenberg (Joint Broker)
Chris Bowman / Mark Whitmore 
www.berenberg.com


Tel: 020 3207 7800





 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
TSTQXLFLVDFFBBL