By Rory Gallivan
LONDON--Shares in XLMedia PLC (XLM.LN) jumped more than 10% on
Monday, after the online marketing company said it expected 2014
revenue to rise 43% from the previous year to $49.5 million, ahead
of expectations.
The Jersey-based company, whose activities include operating
websites that direct customers to online gambling sites, said it
benefited from an increased presence in markets such as the U.K.
and U.S.
Social gaming, which involves gambling using social networks
such as Facebook Inc. (FB) and Twitter Inc. (TWTR), has also
boosted revenue, said the company, which started trading on
London's junior Alternative Investment Market in March.
"We continue to make excellent progress across our strategic
priorities and I look forward to updating the market at our
full-year results in March," said the company's chief executive,
Ory Weihs.
Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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