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NEWS 10 August 2018

Catena Media acquisitions help revenues rise 73%

By Harrison Sayers

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.

RELATED TAGS: Online | Financial | Affiliate
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