2020_19_newgioco.png
2020_19_newgioco.png
2020_19_newgioco.png

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.

TAGS:

Share This Post


NEWS SPONSOR
2020_19_gig.gif

More News

Today, the Advertising Standards Authority (ASA) released data from its 2019 survey on children’s exposure to age-restricted TV ads. The annual report assesses how much children (those aged between 4-15 years old)...




The silver lining

The gambling industry has taken a beating from COVID-19. In March, Macau’s Government halved its expectations for the jurisdiction’s gross gaming revenue to MOP130bn (US$16.3bn), while the European Gaming and Betting Association...