Catena Media “investigating sale of certain assets” including AskGamblers

By Gambling Insider

Catena Media has initiated a strategic review across certain areas of its business, in the same week the gambling affiliate posted record quarterly revenue. 

The group posted Q1 revenue of €45.2m ($47.5m) for the period between January and March, which represented an 11% growth year-on-year. 

Adjusted EBITDA also improved compared with the same period last year, rising by 2% to €25.6m. New depositing customers also increased, totalling 171,918, or a 9% increase. 

Now, Catena Media has announced it will conduct a strategic review with the intention of “achieving the best outcomes for the company and its shareholders in the long term.” 

Specifically, the review relates to purported attention from other companies, so far unnamed, which have shown interest in acquiring certain assets from Catena Media.  

In a press release, the super affiliate said: “Catena Media is currently noticing a strategic interest from third parties to acquire certain assets, including assets in its financial trading segment, the AskGamblers brand as well as certain other of Catena Media's global brands. 

“Catena Media wishes to emphasise no decision has been taken with respect to the strategic review, and it may conclude the best alternative is to make no changes in the near term.” 

As a lead generation affiliate, Catena Media plies its trade by bringing customers to online casinos and sportsbooks.

As referred to in its press statement, AskGamblers is a B2C online casino review website, helping consumers choose their next operator.  

Catena Media, which was founded in 2012 and works with firms in the iGaming and financial services industries, has now reported six consecutive quarters of revenue growth.  

Its fastest-growing market is North America, where its sports betting revenue more than doubled in the most recent quarter, due to market launches in New York and Louisiana.

More News

Universal Entertainment merger date pushed back Universal Entertainment Group, which controlled Okada Manila until a forceful takeover by a group led by Kazuo Okada, plans to merge with...

As US gaming continues to grow, the payment solutions package provided by operators has become crucial in driving retention and lifetime player value. Why?   We discuss this all-important...