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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Xlmedia Plc | LSE:XLM | London | Ordinary Share | JE00BH6XDL31 | ORD USD0.000001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.25 | -2.44% | 10.00 | 9.50 | 10.25 | 10.275 | 9.875 | 10.25 | 161,489 | 16:35:19 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Advertising, Nec | 50.96M | -47.05M | -0.1792 | -0.55 | 26.92M |
TIDMXLM
RNS Number : 3276O
XLMedia PLC
31 January 2023
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014. Upon the publication of this announcement, this information is now considered to be in the public domain.
31 January 2023
XLMedia PLC
("XLMedia" or the "Group")
Trading Update
XLMedia (AIM: XLM), a leading global digital media company, today provides the following trading update for the year ended 31 December 2022 ("FY 2022").
The Group expects its full year consolidated results for FY 2022 to be in line with expectations, delivering revenue of approximately US$73.7 million (2021: US$66.5 million) and Adjusted EBITDA(1) in the range of US$16.1 million to US$16.6 million.
Revenues from Sports and Gaming were up 27% to US$69.6 million (2021: US$54.6 million), with Adjusted EBITDA from these core activities of approximately US$17.5 million to US$18.0 million.
Cash balances (including short-term deposits) at FY 2022 are expected to be approximately US$10.8 million (FY 2021: US$24.6 million), with the Group having paid US$21.4 million in deferred acquisition and earnout payments during 2022.
The Group's Sports vertical delivered a strong performance during the year, with revenues up 72% to approximately US$54.0 million (2021: US$31.4 million), including New York legalising online sports betting in January 2022 and Maryland in November 2022. The Group now has North American coverage across 18 states, including Ohio, which went live on 1 January 2023, providing the Group with a strong start to the year, with Massachusetts expected to go live with online sports betting in March 2023.
The Group's casino and bingo Gaming assets generated revenues of approximately US$15.6 million (2021: US$23.2 million). The casino business progressed the rebuilding of its sites during 2022, delivering increasing audience, growing new depositing customers, and building new tail revenue from its revenue share deals. As expected, old tail revenues declined further in the year, although overall total revenues stabilised in the second half of the year.
Non-core revenues of US$4.1 million (2021: US$11.8 million) included Personal Finance revenue of US$1.9 million (2021: US$8.7 million). On the 15 December 2022, the Group announced that it is exploring the potential sale of all Personal Finance assets. This process remains ongoing and further announcements on progress will be made as and when appropriate.
1 Adjusted EBITDA is defined as EBITDA adjusted for Share Based Payments and Transformation costs.
Notice of Results
Results for the year ended 31 December 2022 will be published at the end of March 2023.
Capital Markets Day
As previously announced, the Group will hold a virtual Capital Markets Day on the 1 February 2023, starting at 2:00pm.
To join the live webcast of the event and Q&A session, please follow the below link to pre-register:
https://stream.brrmedia.co.uk/broadcast/639a145edc1e125e33799601
A recording of the presentation will also be made available on the Company's website after the event on:
https://www.xlmedia.com/investors/webcasts/
For further information, please contact:
XLMedia plc David King, Chief Executive Officer ir@xlmedia.com Caroline Ackroyd, Chief Financial Officer via Vigo Consulting www.xlmedia.com Vigo Consulting Tel: 020 7390 0233 Jeremy Garcia / Kendall Hill www.vigoconsulting.com Cenkos Securities plc (Nomad and Joint Tel: 020 7397 8900 Broker) Giles Balleny / Max Gould www.cenkos.com Berenberg (Joint Broker) Tel: 020 3207 7800 Mark Whitmore / Richard Andrews / Alix Mecklenburg-Solodkoff www.berenberg.com
About XLMedia:
XLMedia (AIM: XLM) is a leading global digital media company that creates compelling content for highly engaged audiences and connects them to relevant advertisers.
The Group manages a portfolio of premium brands with a primary emphasis on Sports and Gaming in regulated markets. XLMedia brands are designed to reach passionate people with the right content at the right time.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
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January 31, 2023 02:00 ET (07:00 GMT)
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