Revenues in H1/22E are substantially ahead of our expectations. Growth in XLMedia's sports betting revenues has more than offset weakness elsewhere in the Group. With sports betting now such a high proportion of total activities and margins moving upwards, this should begin to ameliorate any lingering concerns about Casino being a potential drag on earnings.
27 Jul 2022
Cenkos: XLMedia Plc -- Huge growth in US sports
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Cenkos: XLMedia Plc -- Huge growth in US sports
XLMedia Plc (XLM:LON) | 12.2 0 0.0% | Mkt Cap: 31.8m
- Published:
27 Jul 2022 -
Author:
Cavendish Research -
Pages:
6
Revenues in H1/22E are substantially ahead of our expectations. Growth in XLMedia's sports betting revenues has more than offset weakness elsewhere in the Group. With sports betting now such a high proportion of total activities and margins moving upwards, this should begin to ameliorate any lingering concerns about Casino being a potential drag on earnings.