Operating revenue was €33.1m ($37.4m) and adjusted EBITDA totalled €16m. Operating cash flow showed a 17% increase and cash and cash equivalents totalled €28.6m on 30 September 2021. Between 13 September and 15 October, the group repurchased 1,504,810 of Catena Media ordinary shares, which resulted in a cash outflow of €8.6m.
CEO Michael Daly said: “For Catena Media, Q3 was an exceedingly strong quarter that highlighted the value of our global diversification strategy across sports betting and casino. Triple-digit growth in North America and a doubling of revenue in Japan were the principal drivers behind a 33% increase in group revenue and also a 33% jump in adjusted EBITDA.”
The report mentioned several significant events of the first nine months of 2021, including a 42% increase in terms of new depositing customers and a 122% increase in revenue from North American sports betting and casino (which accounted for 49% of the group’s revenue).
Daly concluded: “Financially, the group stands on a solid foundation. During the quarter we commenced a share buyback programme to optimise our capital structure by returning capital to shareholders.
"The acquisition of i15 Media assets underlined our ongoing readiness to use our financial strength when attractive business opportunities arise. That said, I foresee our growth in the coming months as being largely organic as we accelerate the exciting journey of internationalising our products and becoming a truly global force in our industry.”
