Revenue for the 12 months to 31 December 2021 is expected to reach $66.6m, which would be a 21.5% increase from the prior year’s $54.8m. Earnings before interest, tax, depreciation and amortisation (EBITDA) are also projected to rise by 41.0% from $12.2m in FY20 to $17.2m. This growth can be attributed to the strong performance of the sports vertical, with revenue expected to jump from $11.3m to $25.2m. This increase is supported by the acquisition of Sports Betting Dime and multiple publishing partnerships. XLMedia has also expanded its sports segment in the US, operating in 15 states, with plans to enter new markets upon regulation. To balance the decline in European casino revenue, which is expected to decrease by 26.8% to $23.2m due to stricter regulations, XLMedia is focusing on its personal finance segment. It anticipates a 4.8% year-on-year increase in personal finance revenue to $8.8m, although it acknowledges that trading in this area will pose challenges in the coming year.
“Continued progress has been made in rationalizing and reorganizing the company to capitalize on the North American market opportunity and reduce risk from legacy business areas,” said XLMedia. The company expects strong growth in the US sports vertical in FY22, partially offset by the decline of the European casino vertical and the restructuring of the personal finance vertical. XLMedia plans to release its full 2021 financial year results in March 2022.
