Published
FinancialIndustryAffiliate

XLMedia posts record-breaking results for 2017

In an update to investors, XLMedia has published its full-year 2017 financial results, posting another record-breaking set of figures.

xlmediaboardroom

The affiliate marketing firm’s revenues increased by a whopping 33% to $137.6m in comparison to the year prior, with gross profit rising to $73.1m, up 37% from 2016.

Ory Weihs, Chief Executive Officer of XLMedia, commented: “We are delighted to have delivered another record performance for the Group, underpinned by our clear strategic vision.

“Our recent entry into the personal finance sector is already delivering tangible benefits with potential for further upside, while the core activities continue to deliver solid growth.”

The past 12 months have been very busy for the company, after acquiring a number of leading Finnish gambling related informational websites from Good Game Ltd, for a total consideration of up to €15m.

Furthermore, the company continued to focus on its presence in the growing Romanian market after it completed the acquisition of a Romanian portfolio of publishing assets.

Weihs adds: “Elsewhere, core markets continue to perform well, and alongside the acquisitions and ongoing investment in technology, we are confident these will generate significant returns.

“Further to the fundraising completed in January, we believe we will be able to capitalise on our acquisition pipeline in addition to growing the business organically. The Board remains focused on continuing to deliver further progress and shareholder value.”

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...