Catena Media set to achieve “best quarter ever” in Q2 despite pandemic impact
Catena Media expects to post record quarterly revenue and profit for Q2 2020, despite the impact caused by the coronavirus pandemic.
In its trading update, the affiliate said that revenue from April to June is likely to reach €27.7m ($31.7m), a 17% year-on-year rise.
Adjusted EBITDA is estimated to be in the range of €14.5m and €14.8m, which would represent a record quarterly profit performance and an increase of 52% from 2019.
Catena credited the rise in revenue and profit to the performance of its casino segment, with the larger share of the segment resulting from a lack of sport between March and May, due to the pandemic.
Back in March, the affiliate said it would be focusing on online casino to make up for a lack of live sport, and both its AskGamblers and Japanese business recorded their own record revenue during Q2.
However, Catena’s sports business was naturally affected by the pandemic, which recovered towards the end of the quarter, as all the major football leagues returned.
New Depositing Customers (NDCs) for Q2 declined 13% quarter-on-quarter, but was 4% up from 2019, at 104,000.
Catena Media CEO Per Hellberg, said: “Given the extraordinary global circumstances, Q2 was a very challenging quarter, so we are happy to report that the measures taken by the company helped us achieve the best quarter ever in the history of the company.”
Catena said it will publish its full Q2 results on 19 August.
Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. We are committed to delivering clear, impartial, and dependable coverage across the global gambling sector.
