Diversified Catena delivers strong interim as governance targets US top spot

Stockholm-listed industry affiliate marketing network, Catena Media maintains its strong 2018 momentum achieving a number of KPI ‘all-time highs’, as governance continues to diversify the company’s verticals and further seeks new market opportunities.

Updating investors, Catena reports a group revenue increase of 65% to €50 million (H1 2017: €30 million), driven by growth across its organic and acquired network assets.

Detailing a period of high network activity, featuring World Cup 2018 trading, Catena records growth across its core marketing/ player acquisition services of; search revenue, paid listings and subscription models.

During the H1 period, new depositing customers across its network reached the + 270,000 mark representing an increase of 59%.

Closing H1 2018 trading, Catena governance declares a corporate EBITDA increase of 67% totalling €22.5 million (H1 2017: €13.5 million).

Presenting his first financial update as Group CEO of Catena Media, Per Hellberg stated that Stockholm enterprise would significantly ‘up its game in the US market’.

‘”In May, the Supreme Court declared to regulate the sports betting industry in the US, opening up for a huge new iGaming market. Catena Media already provides new operators with quality leads in New Jersey and we are investing for a future with increased player influx and revenue. All the while, we intend to stick to our global game plan – developing the iGaming and Financial Services verticals through increased organic growth and acquisitions.” Hellberg details to investors.

During H1 2018, Catena governance has secured a further €150 million bond to accelerate its acquisition strategy. Catena seeks to enlarge its network assets within the liberalised US market, whilst also expanding its new financial verticals.

Seeking to become the leading player in US gambling media, Hellberg and Catena governance have recruited former GAN executive Michael Daly, to lead the firm’s North American expansion as US General Manager.

Source: SBC News