XLMedia PLC - Henley-on-Thames-headquartered marketing firm operating in online gaming, personal finance and sports - Revenue for six months to June 30 USD32.2 million, down from USD27.7 million year-on-year. Swings to pretax loss of USD439,000 from profit of USD171,000 a year ago as costs rise to USD18.8 million from USD16.3 million. Maintains guidance for full-year revenue of between USD65 million and USD70 million, though says transformational activities such as M&A and fundraising are "likely to suppress operating profit" across 2021 and 2022. "Across the medium term, the Group expects to benefit from more diverse revenue streams, with a focus on new money growth, greater operational efficiency and a built-for-purpose platform and data architecture, positioning XLMedia well for operational and financial progress," it says.
Also on Thursday, it unveiled acquisition of Harrogate-based digital PR and content marketing agency BlueClaw Media Ltd for GBP1.8 million cash.
Current stock price: 54.00 pence
Year-to-date change: up 67%
By Lucy Heming;Â lucyheming@alliancenews.com
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Xlmedia (XLM)