RE: Added a few more15 Dec 2022 11:48
XLMedia PLC has said it is exploring the potential sale of its personal finance division as part of a restructuring that is already underway.
The media company, which is increasingly focused on sports and gaming content, said it is in talks with “a number of potentially interested parties”
“These actions reflect the company's decision to prioritise resource allocation to its core activities and remain focused on fully capturing the North America market opportunity in sports and gaming while also rebuilding its European sports and gaming operations to seek maximum value for shareholders,” the company said in a statement.
Half-year results last month showed North American Sports growing to 68% of revenue as operations spread to a total of 16 US states, with the sports vertical growing to 76% of the total as group turnover rose 38% to US$44.5mln.