London-listed leisure and entertainment company, XP Factory, announced that its pretax loss for the first half of the year has narrowed, while also experiencing revenue growth across its brands. The company expects its full-year results to align with market expectations.
XP Factory reported a pretax loss of £2.4 million ($2.9 million) for the first half of the year, compared to a loss of £3.3 million in the same period last year. Revenue showed significant improvement, increasing from £8.1 million to £18.7 million.
- Escape Hunt owner-operated site revenue rose by 41% to £6.1 million.
- Boom Battle Bar owner-operated revenue increased from £2.2 million to £11.3 million.
Strong Performance and Optimistic Outlook
Following quieter months in May and June, XP Factory experienced a strong rebound in July, which continued throughout the summer season. CEO Richard Harpham expressed optimism for the company’s performance in the short and medium term, despite ongoing economic pressures on consumers.
XP Factory expects to deliver full-year results that meet market expectations.