XLMedia (GB:XLM) has released an update.
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XLMedia, a leading digital media firm in the sports and gaming sector, reported a strong start to the year, particularly in Europe and North America, with promising growth in customer registrations following North Carolina’s launch of online sports betting. The company announced the sale of its European and Canadian assets to Gambling.com Group Limited for $37.5 million plus potential additional earnout, and anticipates a capital return to shareholders in Q4 2024. XLMedia is focusing on optimizing its North American operations and expanding its Media Partner business, while preparing for potential market expansions as more states consider legalizing online betting.
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