Half Year Results 

Gambling concerns weigh on XLMedia

Gambling concerns weigh on XLMedia

Before its 2017 share price surge, XLMedia’s (XLM) exposure to the uncertain online gambling industry kept investors at bay. Today, those who stuck with their scepticism while revenues and the share price soared last year will be feeling rightly smug. Tighter regulation forced management to halt operations in Australia, while uncertainty in Germany and the UK stunted demand for marketing on the group’s gaming websites. First-half adjusted cash profit slumped 9 per cent to $20.9m (£15.8m) as a result.

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