XLMedia PLC, a company that provides online gaming marketing solutions, released a report about its financial performance during the 2014 fiscal year.
The company announced that the pretax profit increased and reached $13.2 million. In comparison, the figure reported during 2013 was $11.7 million. As for the revenue, an increase of $15 million was achieved and during the previous year, it amounted to $50.7 million.
Bearing in mind the excellent financial performance in 2014, XLMedia representatives said that they are optimistic about company’s future growth and they expect 2015 to be another successful year.
The solid revenue growth was attributed mainly to the acquisitions that were made throughout the year. Back in September 2014, the company purchased ExciteAd Digital Marketing Ltd.
As for the gross profit, it jumped by 35% to reach $27.6 million. In other words, an increase at an annualized rate of $7 million was achieved.
Adjusted EBITDA also increased and by the end of the previous year a growth of 28% was reported.
As mentioned above, XLMedia PLC owes the considerable growth to acquisitions and company officials revealed that they will continue taking advantage of every acquisition opportunity. People with knowledge of the matter reminded that namely the acquisitions mentioned above enabled the company to increase its presence on the regulated gaming markets in the UK and the United States.
In addition, the marketing channels of XLMedia were diversified and the social gaming features had a great contribution for that.
During the previous year, the company also prepared itself for the next phase of its further expansion. A representative revealed for media that the future development of XLMedia includes entering new markets, investing in technology and offering every user exclusive services that suit their individual needs.
In the special statement released on the matter, company officials said that XLMedia has successfully consolidated its positions on the market and its accomplishments are a sure indication for an increased number of customers and generation of further value for shareholders.
The Chief Executive Officer of XLMedia, Ory Weihs, was reached for a comment and said that company executives are delighted to announce such an outstanding financial performance. Mr. Weihs also added that the results exceeded their expectations and the IPO also contributed to the ground-breaking results.
Mr. Weihs emphasized on the importance of the reliable management team and the great team of workers who have been employed with the company.
