XLMedia’s Expanded Sports Betting Coverage Key to Strong First Half Lou De Aguila 2. August 2022 | UPDATED ON: 2. August 2022 Post Views: 72 XLMedia, a performance publishing firm supporting online casino and sports betting brands, has said in a trading update that it estimates a revenue of $44.5 million in 2022, a 38 percent rise from 2021’s sales of $32.2 million. According to the corporation, the expectations are the consequence of successful deals over the last six months. Our Recommended US Sports Betting Site in 2021 Our Rating Score a $250 Welcome Sports Bonus The Best Lines, Props And Live Betting Accepts Wide Range Of Payment Methods Including Bitcoin Bet On Traditional Sports + Politics, Esports & Virtual Sports Claim Your Bonus Now US Sports Contributes 68% Of XLMedia’s Revenue US Sports, the company’s newest vertical, was a huge success, accounting for 68 percent of the company’s total income, or $30,2 million. Compared to the previous year, sports in Europe and North America produced $34 million, a 191 percent increase from $11.7 million. According to XLMedia, the US Sports vertical was able to fully leverage on the country’s sports calendar due to new media agreements and newly opened regulated areas such as Kansas. Interestingly, the state was promptly sued for $25 million after introducing sports betting. Following sports betting, the casino and bingo verticals of XLMedia’s gaming section accounted for $8.4 million. The forecasts indicate that gaming revenue has decreased from $12.5 million in 2021. Additionally, personal finances dealt a hit. According to projections, this portion will generate $800,000, which is much less than the $6.8 million generated over the same time in 2021. XLMedia intends to release its H1 report during the week of September 26. When discussing the downturn of the gaming industry, the firm noted that gaming revenues are projected to continue falling, despite the fact that “the market is exhibiting indications of stabilization.” 2021 was a prosperous year for XLMedia. According to the financial report for the year 2021, XLMedia had a very successful year, full of smart acquisitions and profitable operations. According to the study, the overall income for 2021 was $66.5 million, a significant rise from 2020’s $54.8 million. The sports vertical outperformed all other divisions by generating $31.4 million in revenue. Compared to 2020, sports betting income increased by $11.3 million. The company’s operational profit was $3.9 million, whereas 2020’s operating profit was just $0.1 million. Personal finances contributed $8.7 million, while casino assets in Europe produced $23.2 million. Other legacy income reached $3,1,000,000. In contrast to sports betting and personal finances, Europe casino assets and other legacy income decreased relative to 2020. Europe casino assets earned $31.7 million in 2020, with an additional $3.5 million in legacy revenue. The drop in casino operators is anticipated to continue in 2022, and the firm and its newly chosen CEO will need to work diligently and intelligently to surpass 2021. Our Recommended US Sports Betting Site in 2021 Our Rating Score a $250 Welcome Sports Bonus The Best Lines, Props And Live Betting Accepts Wide Range Of Payment Methods Including Bitcoin Bet On Traditional Sports + Politics, Esports & Virtual Sports Claim Your Bonus Now About Lou De Aguila Lou Aguila is a news and feature writer for Golden Casino News. For over a decade, Lou has published news and featured articles for some of the most reputable sports betting and online casino sites in the world, including BetNow.UK, VegasOdds, and BWin. Apart from being a hardcore live casino punter, he also covers sports stories in North American leagues from time to time. View all posts by Lou De Aguila →