31st Jan 2023 12:03
XLMedia PLC - Henley-on-Thames-based digital publisher - Expects 2022 results to be in line with expectations. Revenue is expected to reach around USD73.7 million, up from USD66.5 million a year ago, and adjusted earnings before interest, tax, depreciation and amortisation in the range of USD16.1 million to USD16.6 million. Revenue from Sports & Gaming is up 27% to USD69.6 million from USD54.6 million year-on-year, with adjusted Ebitda from these core activities of about USD17.5 million to USD18.0 million. XLMedia expects to report full-year results at the end of March.
Back in September, XLMedia reported a pretax loss of USD1.7 million in the first half of 2022, widened from USD439,000 a year ago. Revenue, however, rose 48% to USD44.5 million from USD32.2 million.
Current stock price: 17.00 pence, up 11% around Tuesday midday in London
12-month change: down 56%
By Xindi Wei, Alliance News reporter
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