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XLMedia shares drop as full year revenue guidance lowered

12th June 2018 8:12 am GMT
XLMedia

Shares in digital performance marketing specialist XLMedia slumped by more than 23 per cent in London Monday after the company lowered its revenue and profit forecast for 2018.

The company said that underlying trading in the year to date has been stable following its decision to focus on higher margin business, adding that it has seen some impact from regulatory changes in the iGaming sector.

This includes the exit of operators from the Australian iGaming market at the [...]

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