London-listed performance marketing specialist XLMedia has reported a strong year of trading after seeing revenue increase by 15 per cent to a record US$103m in 2016.
The company benefited from strong organic growth from its publishing business, where it owns more than 2,000 websites predominantly in English speaking markets and other non-Scandinavian European markets. The year-on-year revenue growth helped adjusted EBITDA climb 21 per cent to approximately $34.5m for the year.
"During 2016 we made significant progress having [...]
