XLMedia PLC PLC's (LON:XLM) Stuart Simms talks to Proactive London about their 2020 results and their ambitious goals for the year ahead. Revenues fell to US$54.8mln in 2020 from US$79.7mln in 2019.
Much of this was due to a Google search ranking penalty in January and an estimated US$2mln a month hit from March onwards as Coronavirus (COVID-19) hit sports events and reduced activity in financial services.
The firm recently completed two significant acquisitions in the US Sports market which Simms is confident will rebalance the group, providing immediate scale in an attractive and high-growth, regulated market.