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XLMedia Optimizes Portfolio and Focuses on North American Market
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XLMedia Optimizes Portfolio and Focuses on North American Market

XLMedia (GB:XLM) has released an update.

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XLMedia PLC has reported its unaudited interim results for the first half of 2024, showing a strategic shift with the sale of its European and Canadian assets for up to $42.5 million, focusing on growth in the North American market. The company, which operates in the digital sports media space, has seen revenue from continuing business reach $10.4 million and continues to explore opportunities to enhance shareholder value, including a planned return of capital to shareholders in Q4 2024. Despite a slower NFL season start in September, revenues have been tracking ahead of the previous year, and the company remains in line with market expectations for adjusted EBITDA.

For further insights into GB:XLM stock, check out TipRanks’ Stock Analysis page.

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