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XLMedia shares slump as first half revenue and profit declines

23rd September 2019 8:03 am GMT
XLMedia

London-listed digital performance marketing specialist XLMedia has reported a 10 per cent decline in revenue to US$42.5m for the first half of 2019, with results negatively impacted by recent regulatory changes across Europe.

XLMedia attributed the decline to its core gaming activities, with the Swedish, German, UK and Swiss markets creating near term challenges for the company as regulatory changes slowed progress during H1.

In Sweden, the new gaming regulations impacted both volume and customer sign-ups, pushing [...]

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