Catena Media acquisitions help revenues rise 73%
Catena Media has seen its revenues rise 73% over the last year, aided by acquisitions that have allowed them to enter new markets and various verticals.
The Malta-based marketing and sales lead generation specialist released its interim report, including Q2 results revealing revenues reached €26.1m ($29.9m) for the period.
The half year results were equally impressive, as revenues reached €50m ($57.3m) accounting for a 65% year-on-year increase.
EBITDA increased by 67% year-over-year to €22.5m ($25.8m), corresponding to an EBITDA margin of 45%.
One of the main figures behind the increased success is the 59% rise in new depositing customers, which now totals over 270,000.
Catena entered into Italy’s market through the acquisition of ASAP ITALIA for a cash payment of €16m ($18.3m) in June.
The company also entered into the French market through the €8.2m ($9.4m) purchase of ParisSportifs.com, one of the nation’s leading sports betting sites.
Expanding into new verticals such as financial services has also bolstered the company’s results.
Acquisitions such as US-based private equity service, TheHammerstone.com, and Australian-based premium stock market and news analysis site, TheBull.com.au ensured the company diversified its revenues.
Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. We are committed to delivering clear, impartial, and dependable coverage across the global gambling sector.
