Catena Media H1 revenue up 9%; Q2 revenue up 17%

Affiliate Catena Media saw operating revenue grow 9% year-on-year for H1, to €54.5m ($65m).

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With land-based revenue down across the board for Q2, online gaming firms have shown no such effects of the coronavirus pandemic.

Instead, with more players at home due to lockdowns, online-only suppliers, operators and affiliates have posted record financial results en masse.

As can be seen from Catena's results, online revenue was even higher during Q2 than it was Q1, as the effects of the pandemic increased, with Q2 revenue growing 17% to €27.8m.

Ajusted EBITDA was up 34% for H1, to €27.7m, and 56% for Q2, to €14.8m.

While new depositing customers were down 0.1% for H1, to 223,855, the total was up 4% for Q2, to 104,326.

Catena Media CEO Per Hellberg said: "Our company set records this quarter with an all-time high in profits, 17% in total revenue growth compared to last year, and a record in organic search revenues."

Nevertheless, immediately after the publication of its results, Catena's share price fell from SEK 34.50 ($3.99) to SEK 31.96.


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