XLMedia predicts soaring profits and revenues

XLMedia, the digital marketing services operator, expects to exceed market expectations in both revenue and operating profit in its full-year financial report for 2015.

In a trading update, the company noted that strong growth in the second half of 2015, building on a good performance at the start of the year, meant it was likely to announce annual revenues of at least $88.6 million (€81.2 million), up 75% on 2014, and adjusted operating profit of at least $28.2 million, up 66%.

XLMedia, which was also boosted by the acquisition of Marmar Media in July 2015, said it has made continued progress on the execution of its strategic plan, benefitting from its increased scale, client base and marketing channels.

The company, which will release its audited results in March, said that it expects to continue with its strategy of “increasing scale and diversification, while focusing on enhancing its technological edge”.

Ory Weihs, XLMedia’s chief executive, said: “We are extremely proud of last year’s strong financial performance and the achievements we made in the period in terms of innovation and our technology.”

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