- XLMedia expects to exceed current market expectations delivering annual revenues of at least USD88m and adjusted EBITDA of at least USD27.5m. This strong performance represents growth of about 73% and 62% respectively compared to FY 2014.

"The Group has continued to deliver strong growth in the second half of 2015, building on an excellent performance in the first half," it said in a statement.

"During 2015 the Group has made continued progress on the execution of its strategic plan, as demonstrated through the acquisitions of performance marketing company, Marmar Media and the acquisition of bolt on publishing assets.

"Furthermore, EDM, the social and mobile gaming marketing company which the Group acquired in September 2014, is also performing strongly.

"XLMedia has benefitted from its increased scale and the addition of further clients increasing the Group's client base and its marketing channels. The Group has seen further benefits through the increase in its geographic presence mainly in North America, UK and Europe.

"The Group's strong organic growth combined with the successful integration of the recent acquisitions positions the Company well to further develop the business. Accordingly the Board remains confident of the Company's future prospects."

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