Catena reveals key financial growth in second quarter

Catena Media has reported year-on-year growth across various key financials during the second quarter, while also experiencing a hike in new depositing customers.

Revenue during the six months to June 30 came in at €15.1m ($17.7m), up 58% on the corresponding period last year.

Operating profit climbed from €5.1m to €5.4m, while adjusted operating profit, excluding costs related to the new bond issue and preparation for the planned change of listing to NASDAQ Stockholm, jumped from €5m to €7.1m.

Earnings before interest, tax, depreciation and amortisation (EBITDA) increased from €5.3m to €6.3m, with adjusted EBITDA, again excluding costs associated with the NASDAQ listing, up from €5.3m to just under €8m.

In addition, the number of new depositing customers rocketed 92% year-on-year to 91,222.

For the first six months of 2017, revenue was up 78% year-on-year to €30.3m, with operating profit climbing from €8.3m to €12m.

Elsewhere, EBITDA increased from €8.7m to €13.5m, while the total number of new depositing customers jumped 115% year-on-year to 171,643.

Robert Andersson, chief executive of Catena Media, said: “Catena Media continued its strong development in the second quarter of 2017.

“Through both organic and acquired growth, Catena Media’s vision is to become the world’s No.1 provider of high-value iGaming leads.

“During the second quarter, Catena Media acquired three affiliate networks, including affiliate websites, accounts and associated agreements.

“These acquisitions further cement our role as the leading consolidator in the affiliate market.”

Andersson added: “With strong underlying developments and the sports season starting full throttle mid-August, the table is set for a very exciting second half of the year.

“We remain optimistic on our strategic, operational and financial development, and are confident that the we will continue to grow in the same successful way, both through organic growth and through acquisitions across existing and new geographic markets.”

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