XLMedia PLC Business Update (8367M)
26 Janeiro 2021 - 4:00AM
UK Regulatory
TIDMXLM
RNS Number : 8367M
XLMedia PLC
26 January 2021
26 January 2021
XLMedia PLC
("XLMedia" or the "Group" or the "Company")
Business Update
XLMedia (AIM: XLM), a leading global digital performance
publisher , today provides an update for the year ended 31 December
2020.
For the Full Year 2020, XLMedia expects to deliver revenue of
approximately $54.5 million (H1 2020: $27.7 million) and adjusted
EBITDA of approximately $11.5 million (excluding transformation
costs and share based payments) (H1 2020: $5.1 million).
As detailed in the first half results in September, the Company
is pursuing a multi-track approach to recovering the Casino
vertical, where a number of sites were penalised by Google early in
2020. This process is being carried out in conjunction with a
fundamental rationalisation of the asset portfolio, significantly
reducing the overall number of sites and upgrading the quality of
those remaining, with a concentration on highly-engaging content
and enhanced functionality to drive increased traffic and build
consumer loyalty.
The approach to recovering the Casino vertical is an orderly
combination of, i) submitting to Google for reconsideration certain
sites which have been rebuilt in-house or in conjunction with a
partner, ii) developing some entirely new sites, where this is the
better strategic option, iii) de-indexing sites which are
immaterial and may have a negative impact on the authority of the
premium websites, and iv) disposing of sites which no longer fit
with the direction of the business. We have now completed the core
development work on all the rebuilt sites we will take forward and
have commenced the submission process to Google for
reconsideration. To date, we have been successful in having the
penalty removed for three of the ten sites we wish to recover,
Casino.pt , Casino.gr and CasinoKiwi.co.nz . Learnings from both
successes and initial rejections are being applied to the ongoing
refinement of the remaining sites and we will resubmit those sites
in due course. We will provide a further update on the Casino
recovery process with the Financial Results for the Year Ended 31
December 2020, currently expected on 13 April 2021.
The information contained within this announcement (the
"Announcement") is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulation (EU)
No. 596/2014. Upon the publication of this Announcement via a
Regulatory Information Service, this inside information is now
considered to be in the public domain.
For further information, please contact:
XLMedia plc ir@xlmedia.com
Stuart Simms, Chief Executive Officer
Iain Balchin, Chief Financial Officer
Kieran McKinney, Investor Relations
www.xlmedia.com
Vigo Communications Tel: 020 7390 0233
Jeremy Garcia
www.vigocomms.com
Cenkos Securities plc (Nomad and Joint Tel: 020 7397 8900
Broker)
Giles Balleny / Max Gould
www.cenkos.com
Berenberg (Joint Broker) Tel: 020 3207 7800
Chris Bowman / Mark Whitmore / Simon
Cardron
www.berenberg.com
Notes:
XLMedia is a leading global digital performance publisher.
Operating globally across a variety of verticals including online
gambling, personal finance, sports and technology, the Group uses
proprietary tools and methodologies to identify and target high
value clients for platform operators.
XLMedia has a clear transformation strategy, which will enable
it to shape the future of the performance publishing industry. The
Company has set out a clear strategic agenda under two fundamental
priorities:
-- A balanced portfolio of online assets
o XLMedia seeks to create a balanced portfolio of websites to
cover a range of attractive geographies, both stable and
high-growth verticals and with greater exposure to regulated
markets. In doing so, the Company will focus particularly on
developing our presence in North American sports, primarily through
targeted acquisition.
-- Branded, content-rich, engaging websites
o XLMedia will consolidate its online portfolio, concentrating
on a much smaller number of publishing assets, and focusing its
resources on optimising this core set of premium sites for its
chosen markets. These content-rich, engaging websites, underpinned
by intelligent market-leading technology, will seek to build
stronger lasting relationships with consumers and enhance
monetisation opportunities.
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END
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