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XLMedia reports $10.4m continuing-business revenue in H1 2024

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XLMedia reported $10.4m in revenue from its continuing business in the first half of 2024, down from $16.9m a year earlier. It said the period included the sale of its European and Canadian assets to Gambling.com for $37.5m, with a possible further $5m tied to asset revenue performance from 1 April 2024. XLMedia expects adjusted EBITDA of about $5m for its continuing business in 2024 and plans to return net sale proceeds to shareholders in Q4.

Investors can assess XLMedia’s continuing-business results, expected 2024 adjusted EBITDA and planned return of net sale proceeds.

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