Updates

XLMedia

October 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

XLM has just reported its H1 with sales +38% to US$44.5m and adjusted EBITDA up 60% to US$10.6m. I met with recently appointed CEO David King just after the results and it’s been surprising to see the dip in the shares as King remains very bullish on prospects. With the operational reset to sports betting completed, US Sports betting accounts for US$30.2m (68% of total) and European Sports for US$3.8m (8%). The now slimmed down non-core bits are the Gaming vertical in Europe (sales US$8.4m) and Personal Finance (USS$0.8m). In the US, XLM is active in 16 states and in H1 it acquired 116,000 real money players for its clients, most of which was on a CPA basis. Of the US sports betting income, US$9.6m came from connecting adve ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

XLMedia

October 2022

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