Catena Media has reported a third quarter revenue increase of €11.6 million up 9%.

Revenue in North America increased by 18 percent to EUR 11.2m (9.5), equivalent to 96 percent (89) of group revenue from continuing operations.

New depositing customers (NDCs) from continuing operations totalled 23,999 (27,342), a decrease of 12 percent. On 18 September, the group announced the launch of MRKTPLAYS.com, a new proprietary subaffiliation platform connecting affiliates to operators in a streamlined ecosystem.

The platform gives affiliates the tools to expand their networks while enabling operators to extend their footprint in North America. The go-live was a significant milestone in the group’s strategy to deliver scalable, technology-driven growth across the North American online casino gaming and sports betting industry.

CEO Manuel Stan said, Q3 was a quarter of steady operating progress, with revenue up 9 percent from the same period last year – 15 percent adjusted for currency effects – and 22 percent from Q2. Adjusted EBITDA more than doubled both year-on-year and quarter-on-quarter. These figures reflected more diversified revenue streams and a solid contribution from organic search, supported by the first full quarterly impact of the cost optimisation measures implemented earlier this year. 

The drive and resilience of our teams was instrumental to achieving the uplift in top-line growth and profitability. The objectives and key result metrics we introduced early this year have channelled clear priorities, sharper execution and stronger accountability across our products.