XLM XLMedia

XLMedia PLC ("XLMedia" or the “Group" or the “Company") Acquisition of a US Financial Services Review Website

LONDON--(BUSINESS WIRE)--

XLMedia (AIM:XLM), a leading provider of digital performance marketing, is pleased to announce the acquisition of www.Moneyunder30.com (“MU30”), a US focused price comparison website for financial services, for a total consideration of US$7 million. The acquisition will be immediately earnings enhancing from completion.

MU30 is a personal finance site providing information for young adults wanting to make informed financial decisions, particularly around credit cards, loans, mortgages and savings accounts. The acquisition of MU30 is firmly in line with XLMedia’s strategy to expand geographically in North America and to expand its footprint in the financial services sector. MU30 complements XLMedia’s recent acquisition of www.Greedyrates.ca, a Canadian focused credit card comparison website.

The consumer loans market in the US is growing steadily and according to the US Federal Reserve, total outstanding consumer credit grew 30% from 2012 to 2016, reaching a total of $3.8 trillion in May 2017, representing a CAGR of 6.6%.

Ory Weihs, Chief Executive Officer of XLMedia, commented:

“We are delighted to have extended our North American reach with the acquisition of MU30, which complements our existing publishing assets in the financial services sector.

“As a leading personal finance review site, MU30 is a known publisher in the US, and with its existing footprint and brand recognition, it represents an excellent opportunity for XLMedia to increase its North American presence and expand within the financial services market.”

EN
14/08/2017

Underlying

XLMXLMedia

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on XLMedia

Free Trial
XLM XLMEDIA

XLMedia Plc: 1 director

A director at XLMedia Plc maiden bought 100,000 shares at 17p and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly...

12/06/22 December 6, 2022 1 EN
 PRESS RELEASE
Free
XLM XLMEDIA

XLMedia Accelerates U.S. Sports Market Presence With CBWG Acquisition

LONDON--(BUSINESS WIRE)-- XLMedia ("XLMedia" or the "Group" or the "Company"), a leading global digital performance publisher, today announces a significant step forward in its stated strategy to expand its presence in the high growth U.S. Sports market with the acquisition of sports gaming and sports betting business CBWG. CBWG is a highly successful digital media publishing group based in the U.S. northeast producing in-depth, quality online content, focused on professional and college sports, sports gaming and sports betting. “It is great to have acquired such an attractive set of assets ...

December 10, 2020 1 EN
 PRESS RELEASE
Free
XLM XLMEDIA

XLMedia PLC ("XLMedia" or "the Group" or "the Company"): Final Results...

LONDON--(BUSINESS WIRE)-- XLMedia (AIM: XLM), a leading provider of digital performance marketing services, is pleased to announce its final results for the year ended 31 December 2017. Financial highlights Revenues increased 33% to $137.6 million (2016: $103.6 million) Gross profit increased 37% to $73.1 million (2016: $53.3 million) Adjusted EBITDA increased 36% to $47.1 million (2016: $34.6 million) Profit before tax increased 27% to $39.3 million (2016:...

March 13, 2018 1 EN
 PRESS RELEASE
Free
XLM XLMEDIA

XLMedia PLC ("XLMedia" or "the Group" or "the Company"): Interim Resul...

LONDON--(BUSINESS WIRE)-- XLMedia (AIM: XLM), a leading provider of digital performance marketing services, is pleased to announce its interim results for the six months ended 30 June 2017. Financial highlights Record revenue performance of $67.9 million, up 33% (H1 2016: $51.2 million) Strong organic revenue growth of 32% in publishing division and 12% in the media division; Gross profit increased 30% to $35.2 million (H1 201...

September 11, 2017 1 EN
 PRESS RELEASE
Free
XLM XLMEDIA

XLMedia PLC ("XLMedia" or the “Group" or the “Company") Acquisitio...

LONDON--(BUSINESS WIRE)-- XLMedia (AIM:XLM), a leading provider of digital performance marketing, is pleased to announce the acquisition of www.Moneyunder30.com (“MU30”), a US focused price comparison website for financial services, for a total consideration of US$7 million. The acquisition will be immediately earnings enhancing from completion. MU30 is a personal finance site providing information for young adults wanting to make informed financial decisions, particularly around credit cards, loans, mortgages and savi...

August 14, 2017 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch