XLMedia generated $66

XLMedia generated $66.5m inward revenue for 2021, driven by intelligent growth from the company’s sports vertical.

Spurred on by sports betting’s enlargement inwards the US, the fellowship experient a 21% hike inward revenue year-on-year, upward from 2020’s $54.8m.

Sports was responsible for(p) for almost half of XLMedia’s total twelvemonth revenue, generating $31.4m, a nearly 178% increase.

This segment’s almost $20m revenue boost was plenty to offset printing an o'er $8m discharge from the company’s European cassino assets.

Adjusted EBITDA, meanwhile, amounted to nearly $18m, upwards from 2020’s $12.2m. XLMedia farther reported a full yr operating gain of almost $4m, a important increase over the prior year’s $100,000.

Julie Markey, XLMedia’s Interim-Chair, commented: “In 2021, the aggroup evolved its operational capabilities – upskilling and realigning our global workforce to improve check strategy and generate unexampled futurity growth.

“I’m proud of our people for driving through and through a full stop of substantial alteration including having to navigate continued restrictions relating to the Covid pandemic.

“The business sector is comely more agile and antiphonal so that it can buoy full exploit young opportunities.”

Based on the company’s forward motion inward 2021, XLMedia said its stream trading for 2022 is inwards dividing line with management expectations.

What’s more, the troupe stated that North America is at present “a key growth, gain and cash in driver.”

“We’ve made great progression in North America during 2021 alongside delivering of import organisational changes to both rationalise and ring-fence legacy areas of our business,” said Stuart Simms, Chief Executive Officer at XLMedia.

“We circle come out to get a important participant inwards Frederick North American Sports – inwards dividing line with our strategy to pursue high growth, large, regulated markets – we’re at present inwards really right shape, with strong geographical reporting and capability, ready to full tap this significant market opportunity.”