XLMedia | Affiliate Monitor April 2024 | IGB Affiliate | Page 26

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Affiliate Monitor Company by company Q4 results analysis
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XLMedia One chapter closes

Ahead of news of the disposal of Freebets . com and associated UK and European-facing assets , the company issued a trading statement for 2023 saying it expects to deliver revenue and adjusted EBITDA results in line with market expectations , with 2023 revenues of circa $ 50m and adjusted EBITDA of around $ 12m .
Much of that , of course , comes from the soon-to-be-disposedof assets . As for the continuing business , the company spoke about the upcoming launch in North Carolina which it said it expected would be a “ material market ” for affiliation .
iGB Affiliate Monitor April 2024