LONDON--(BUSINESS WIRE)--XLMedia ("XLMedia" or "the Group" or "the Company") (AIM:XLM), a leading provider of digital performance marketing services, announces the following trading update for the six months ended 30 June 2015 and is pleased to report that the Group is comfortably on track to deliver full year results in line with market expectations.
The Board is pleased to confirm that the Group has continued to deliver a strong trading performance in the first six months of 2015, generating revenues of not less than US$36.4 million and adjusted EBITDA of not less than US$12.0 million. This performance represents growth of approximately 83 per cent. and 87 per cent. respectively compared to the first six months of 2014.
The acquired businesses including Marmar Media in July 2015 are integrating well into the Group and the Company expects to deliver further solid performance in the second half of the year, underpinned by a combination of the acquisitions and ongoing organic growth.
The Board attributes XLMedia’s strong first half performance to the successful implementation of the Group’s growth strategy and maintained focus on performance. The majority of the Group’s revenue is performance based, such as revenue share or cost per acquisition, with high value users able to be delivered to the Group’s customers on a risk free model. The Group continues to attract high quality users by constantly investing in its technology and content.
The Group has increased sales in English speaking countries with the sign up of new customers as well as expanding its business, in line with its stated strategy, through acquisitions adding additional know how in complementary markets and products.
XLMedia will announce its interim results for the six months ended 30 June 2015 in September 2015.
Ory Weihs, Chief Executive Officer of XLMedia, commented:
"We are delighted with the strong financial performance the Group has delivered in the first half of 2015. We closed two acquisitions during this period which enhanced our mobile capabilities and we look forward to generating additional revenue streams as these businesses are fully integrated into the Group.
“We continue to pursue our strategy to develop our technology, whilst maintaining the quality and market leading position we occupy. We see numerous opportunities for consolidation and hence we continue to evaluate additional businesses which are a good fit for the Group. Further acquisitions will expand our geographical and operational footprint, address new vertical end markets and deliver shareholder value.”