Revenue and profits rise at Catena Media
Stockholm-listed affiliate sees casino segment and paid search revenue rise 58% year-on-year and like-for-like organic revenue growth of 61%.
EBITDA, including items affecting comparability of EUR 0.1m increased by 46 percent and totalled EUR 12.4m , corresponding to an EBITDA margin of 47 percent. New Depositing Customers (NDCs) totalled 124,959 (113,283), an increase of 10 percent.
The business successfully boosted its US portfolio in Virginia and Michigan, with a share of 31 percent of total revenues in Q4 and 30 percent of total annual revenues.
“Catena Media had an exceptional ending to a strong quarter, breaking an all-time high in USD revenues in December, thanks to our ability to take and maintain dominant positions in both sports and casino across numerous states during the busiest sports season in the US.” says Michael Daly, CEO of Catena Media.