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Record year for XLMedia as non-gambling sectors contribute to growth

24th January 2017 6:58 am GMT
XLMedia

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 [...]

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