Catena Media revenue and EBITDA down for H1
Catena Media’s Q2 revenue fell 9% to €23.7m ($26.3m), resulting in a 0.4% decrease in H1 revenue to €49.8m.
EBITDA also fell for both Q2 (22% to €9.4m) and H1 (8% to €22.5m), while the affiliate’s number of new depositing customers fell for both trading periods, 29% and 18% respectively.
Net cash generated from operating activities did rise for Q2, by 20% to €10.5m, and H1, by 3% to €19.5m.
Earnings per share grew from €0.10 to €0.12 before dilution for Q2, although this fell from €0.19 to €0.15 for H1.
Catena CEO Per Hellberg said: “We have completely rebuilt many of our sites, improved our business model and prepared expansion into new markets.”
The affiliate’s model has involved a series of acquisitions in recent years, with Catena focusing heavily on its US business in the long term.
Upon Catena’s financial update, the company’s share price fell from SEK 52.00 ($5.38) at the close of trading on Friday to SEK 42.80, a fall of approximately 18%.
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.
