Catena eyes new markets after ‘best ever’ trading performance

Catena eyes new markets after ‘best ever’ trading performance

Tuesday, November 7, 2017 Posted by Luke Massey
The affiliate marketing network saw corporate revenues increase by 61%

Presenting its first corporate update as a Nasdaq Stockholm-listed enterprise, industry affiliate marketing network Catena Media has detailed its ‘best ever quarter’ trading performance.

Updating the market, Catena recorded Q3 2017 (period ending 30 September) corporate revenues of €17.2 million, up 61% on Q3 2016’s €10.7 million.

Catena, which has significantly expanded its industry affiliate marketing services through strategic M&A, reported a period EBITDA of €8.8 million (Q3 2016: €4.9 million).

Strong KPI gains saw Catena report period ‘new depositing players’ of +100,000 (Q3 2016: 53,000), combined with stronger operating margins throughout its marketing verticals.

Catena also declared group operating profits of €7.5 million (Q3 2016: €4.6 million). The company is confident of hitting its full-year 2017 corporate expectations, after reporting year-to-date (YTD) group revenues of €47.5 million, combined with an increased YTD EBITDA of €22.3 million.

Issuing a forward-looking statement, Catena leadership detailed that it would look to expand its services within North America and Asia. In Q4 2017, the company expects to open a Tokyo operational hub as the central point for its Asian marketing initiatives.

Catena will also further strengthen its commercial pipeline, as it supports its affiliate network with new product innovations and inventory refinements.

Acting CEO Henrik Persson Ekdahl commented: “Casino and sport both performed strongly in Q3 and this trend appears to continue through Q4.

“Preparations ahead of the 2018 Winter Olympics and the FIFA World Cup are in full swing. We are expectant and optimistic about our strategic, operational and financial performance, and we eagerly anticipate the new, forthcoming challenges that await.

“One of the opportunities for 2018 is the opening of Pennsylvania as a regulated state for online gambling. On 25th October the Senate approved the bill, followed by the house on the 26th and the final signing by the governor that took place on 30th October. Catena Media expect a gradual development of the Pennsylvania business and to be live within 9-12 months.

“We also have very strong domains like PlayUSA.com, PlayPennsylvania.com and USPoker.com. Following this opening, Catena Media will continue to strengthen its presence on the US market in line with the company’s growth strategy.”

Totally Gaming says: ‘Strengthening its inventory and assets through strategic M&A, ambitious Catena has now targeted growth in new markets. Industry stakeholders should keep a close eye on how its network develops within the US and Asia.

Latest
No alternative text provided

Carl Frampton 'delighted' to become 32Red ambassador

EvenBet to target Esports with DFS product

World’s richest racing day part of new Racecourse Media Group and Meydan deal

Betsson becomes first operator to adopt Perform's Opta 3D

Gaming Products & Services Directory

The essential directory for the gaming industry