Sep 30, 2024 / NTS GMT
David King - XLMedia PLC - Chief Executive Officer, Director
Good morning. Welcome to the XLMedia half-year 2024 results update. I'm David King, the CEO. Following the sale of the European business at the start of April, revenues are now split between the continuing business and the discontinued business. Continuing revenues at $10.4 million compared to $16.9 million in 2023. H1 2023 enjoyed the launch of online sports betting in a higher in January and being in the NFL season, the launch saw strong revenues and the first time depositors.
2024 half-one saw North Carolina launch in March after the NFL season. And as a result, in period revenues and FTDs were not in the same scale. However, April to June has tracked ahead of quarter two 2023, as of July and August. During the quarter, we started the process of reducing costs following the sale of the European business while obviously retaining staff to support the transfer of the business and assets to Gambling Group.
The business mix has shifted significantly following the sale. We're now clearly a North America sport and CPA lead. The
Half Year 2024 XLMedia PLC Earnings Call Transcript
Sep 30, 2024
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