Market-leading provider of digital marketing services XLMedia has announced their significant growth in the year 2016 after recently posting their year-on-year rise across key financials.
In a trading update, Chief executive of XLMedia Ory Weihs stated that the company was able to make “significant progress” with full-year revenue amounting to $103 million (€95.9 million), 15% more than the $89.2 million collected in the previous year.
According to XLMedia adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) increased 21% to at least $34.5 million.
The final full year results for 2016 are expected to be available in March of this year.
Weihs added: “During 2016 we made significant progress having now established ourselves as a dominant player in the performance marketing arena,”
“We continue to execute our strategic plan whilst implementing our know-how, expertise and technology in new business verticals and key end markets.
“We are very proud to have delivered another record year of performance in 2016 and look forward to reporting our full year results in March.”