Shares in XLMedia PLC (AIM:XLM, OTC:XLMDF) spiked 11% on Tuesday following release of the digital media company’s latest trading update.
Per the update, XLMedia expects its full-year consolidated results for 2022 to be in line with expectations, delivering revenue of approximately US$73.7mln (£59.8) and adjusted EBITDA between US$16.1mln and US$16.6mln.
The group’s sports vertical delivered a particularly strong performance, rising 72% year on year
XLM shares are currently changing hands at 17p with a market value of £44.5mln.