StockMarketWire.com - Digital performance marketing provider XLMedia said it continued to trade in line with recently-downgraded market expectations.

During the six months through June, the company acquired additional assets in both the gambling and personal finance space.

In its personal finance vertical, the company said it had experienced continued organic growth.

'The growth in this sector, combined with the website additions XLMedia has made during the past year, means that group's revenues from this vertical are currently accounting for 10% of publishing revenues on a run-rate basis, compared to 5% in the prior year,' it said.

Last month, XLMedia downgraded its profit and revenue guidance amid regulatory changes in Australian and European online gambling markets.

The company said at the time that it expected to post revenue of $130m, with marginally lower adjusted Ebitda compared to the prior year, with a corresponding impact on profit before tax.








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