XLMedia hails ‘significant’ progress as finances rise

Ory Weihs, chief executive of XLMedia, has said the company was able to make “significant progress” in 2016 after posting year-on-year growth across key financials.

In a trading update, the firm said full-year revenue amounted to $103 million (€95.9 million), 15% more than the $89.2 million collected in the previous year.

In addition, XLMedia said adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) increased 21% to at least $34.5 million.

The company plans to announce its final full-year results for 2016 in March.

“During 2016 we made significant progress having now established ourselves as a dominant player in the performance marketing arena,” Weihs said.

“We continue to execute our strategic plan whilst implementing our know-how, expertise and technology in new business verticals and key-end markets.

“We are very proud to have delivered another record year of performance in 2016 and look forward to reporting our full year results in March.”

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