Sun. Jun 4th, 2023

By Kyle Morris

XLMedia PLC mentioned Tuesday that it expects to report 2022 outcomes consistent with expectations after a robust efficiency from its sports activities and gaming operations.

The digital-media firm mentioned in a buying and selling replace that income is seen round $73.7 million in contrast with $66.5 million a yr prior and adjusted earnings earlier than curiosity, taxes, depreciation and amortization is anticipated within the vary of $16.1 million to $16.6 million.

Income from sports activities benefited from the legalization of on-line sports activities betting in New York in January and Maryland in November, it mentioned.

Shares within the firm at 0811 GMT have been up 0.75 pence, or 4.9%, at 16.00 pence.

Write to Kyle Morris at [email protected]

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