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Business
March 21, 2025
XLMedia Receives Only $1M Despite Robust Sportradar Financials
XLMedia PLC, a once-leading digital media company, recently announced it will receive a performance-related earnout of $1 million from Sportradar AG. This development comes after XLMedia sold its North American business to Sportradar in November 2024, a deal that initially envisioned a maximum total potential consideration of up to $30 million. Sportradar’s Business Model Proved […]
Business
December 23, 2024
XLMedia Outlines Further Redundancies Affect the Company’s CEO
A new update submitted by XLMedia, a digital performance marketing firm, outlines its restructuring of the Board of Directors which will also see the position of chief executive officer made redundant. Board Members and CEO to Go in the Summer of 2025 The changes outlined for the Board will come into effect in the second […]
Business
December 17, 2024
XLMedia Plans £16M Tender Offer in 2025 as Part of Business Wind-Down
XLMedia PLC, a digital media affiliate company listed on the Alternative Investment Market (AIM), plans to start a £16 million ($20.2 million) tender offer in early 2025. This move is part of its plan to close down operations and give value back to shareholders. XLMedia Evolves into Cash Shell Entity Post Asset Sales XLMedia made […]
Business
October 21, 2024
XLMedia to Sell US Assets to Sportradar, Plans to Delist by May
Sports and gaming digital media company XLMedia has agreed to sell its remaining business in North America to Sportradar, a Switzerland-based sports data specialist. This conditional agreement will see the rest of XLMedia’s NA business transferred to Sportradar for $30 million in cash. XLMedia Failed to Achieve Its Goals in America According to XLMedia, the […]
Business
May 17, 2024
XLMedia’s FY 2023 Results Decrease amid Internal Restructuring
Sports and gaming digital media company XLMedia has published its audited results for FY 2023, outlining significant declines across the board. Key highlights included revenue of $50.3 million, down 29% year-on-year. For comparison, the company’s revenue for FY 2022 stood at $70.9 million. The decline in revenue resulted in a 26% decrease in gross profit […]
Business
April 3, 2024
XLMedia Completes Sale of Freebets to Gambling.com
Betting media agency XLMedia has confirmed the completion of its recent deal with the performance marketing specialist Gambling.com Group. As previously agreed, the former party divested its sports betting and gaming assets in Europe and Canada in a $42.5 million deal. The agreement includes a fixed consideration of $37.5 million, which will be paid out […]
Business
March 21, 2024
Gambling.com to Acquire XLMedia Betting Assets in $42.5M Deal
Gambling.com Group, an award-winning performance marketing company serving the iGaming industry, has entered into an agreement to acquire XLMedia’s sports betting business in Europe and Canada. The $42.5 million deal comes in the wake of the signing of a new $50 million credit facility with Wells Fargo. Under the deal, Gambling.com will pay a fixed […]
Industry
November 8, 2023
Six US Affiliates Join Forces to Form the Responsible Gambling Affiliate Association
Six like-minded US affiliates have joined forces to form the Responsible Gambling Affiliate Association (RGAA). The newly created body’s job will seek to help affiliate companies serve the online gambling market in a responsible way. The RGAA is comprised of six major affiliates, including Better Collective, Catena Media, Gambling.com, Oddschecker Global Media, Spotlight Sports Group […]
Business
May 30, 2023
XLMedia Partially Sells Personal Finance Unit for $1.3M to MPD Media
After announcing its partnership with bet365 as part of a new revenue-share contract with the purpose of promoting responsible gambling on the North American market at the start of May, XLMedia is finishing the month with another big announcement. The global digital media company has partially sold its Personal Finance assets including various websites and […]
Business
May 10, 2023
XLMedia PLC Expands on Partnership with Bet365 in North America
Both companies have much to gain from establishing a stronger commercial presence in the region, and bet365 and XLMedia are happy to expand on their current partnership and include this new hybrid revenue agreement. This partnership expansion comes at a time when more than $220 billion worth of sports wagers have been made in the […]
