XLMedia has published a trading update, outlining an anticipated $44.5m in revenue for H1, among other performance predictions.
For the first half of 2022, the company foresees a 38% revenue rise when compared to last year’s $32.2m, while it anticipates adjusted EBITDA will climb by an even more considerable 59%.
Buoyed by its newest vertical, US Sports, XLMedia said it has traded well over the six-month period, likely explaining the company’s optimistic expectations.
This segment, it said, accounted for over two thirds – or 68% – of the group’s revenue for H1: approximately $30.2m.