Published
Financial

Catena Media sees Q1 growth despite coronavirus impact

Despite the coronavirus pandemic impacting its sports segment, Catena Media saw Q1 revenue increase 2% year-on-year.

Catena Logo

Operating revenue grew to €26.7m ($29.3m), while adjusted EBITDA rose 15% to €12.9m.

The affiliate's operating profit rose 16%, to €9m.

Up to 31 March, cash and cash equivalents were €19.3m, up from 2019’s figure of €9.3m, although new depositing customers decreased 4% to 119,529.

Catena's casino segment represented 61% of total revenue, at €16.4m, with sports betting accounting for €8.7m.

Growth in organic search revenue increased 10% from last year to a record high, while the affiliate has seen continued growth in the US, despite the COVID-19 impact. April revenue was up 17%.

Catena Media CEO, Per Hellberg, said: "We continue to execute on our long-term strategy and are starting to see good results on the actions and investments we carried out last year.

"As countries start to open again, people will get back to work, sports events will kick off and we will continue our growth journey."

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Nederlandse Loterij
Relax Gaming
Hoiana Resort & Golf
Tipico
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...