Accelerating platform change aims to diversify revenues, improve business mix and lower operating costs. The bulk of this transition should be complete by summer 2022 in time for the seasonally important fourth quarter for US sports betting. The changes wrought across the organisation will hike exceptional costs in our forecasts but tangible benefits should be felt from the H2 2022E onwards.
23 Sep 2021
Cenkos: XLMedia Plc -- Accelerating transition
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Cenkos: XLMedia Plc -- Accelerating transition
XLMedia Plc (XLM:LON) | 12.5 0 0.0% | Mkt Cap: 32.5m
- Published:
23 Sep 2021 -
Author:
Cavendish Research -
Pages:
5
Accelerating platform change aims to diversify revenues, improve business mix and lower operating costs. The bulk of this transition should be complete by summer 2022 in time for the seasonally important fourth quarter for US sports betting. The changes wrought across the organisation will hike exceptional costs in our forecasts but tangible benefits should be felt from the H2 2022E onwards.