XLMedia has said that after it continued to “trade strongly”
in the third quarter, it is on course to surpass full-year
XLMedia set to surpass expectations after strong Q3
a trading update published today (Tuesday), XLMedia said it
expects adjusted earnings before interest, tax, depreciation
(EBITDA) for the 12 months through to December 31 to be
“materially ahead of expectations”.
also said profit before tax should come in at a
higher-than-expected amount, although not to the same degree
as adjusted EBITDA.
a statement, XLMedia added: “Since the half year end we have
continued to see strong organic growth across the group,
particularly in the publishing division, which has led to us
achieving better than expected direct margins in both
well as the number of visitors to our websites increasing we
have seen improved conversion rates and increased revenues
from revenue share arrangements from users we referred to
customers both this year and before.”
news comes on the back of a busy year for XLMedia, which has
completed a number of key acquisitions, including the purchase
of Clicksmob, Greedyrates.ca and Moneyunder30.com.
added: “Integration of all acquisitions made this year is
progressing according to plan and they are all performing at
least in line with management expectations at the time of
are particularly pleased to report that that Greedyrates,
which we acquired in January, has exceeded our growth
have been very pleased with the acquisitions that we have made
in 2017 and see North America as a major opportunity for the
group to grow in various verticals, such as financial
services, cyber security, mobile apps and, as markets
increasingly regulate, online gambling.
the board remains confident in the continued performance of
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