XLMedia share price falls 30% on profit warning

Affiliate firm expects annual revenues to drop by approximately $8m after regulatory upheaval in Australia and Europe

XLMedia has issued a profit warning for FY2018 this morning in the face of regulatory changes in Australia and uncertainty in key European markets. The firm’s share price dropped by more than 30% on the announcement, with the board expecting 2018 revenues of around $130m, compared to $138m last year, with EBITDA also likely to…

Affiliates | Australia | Regulation | XLMedia