Powered by the growth in scalability of its industry affiliate networks, Stockholm-listed Catena Media has detailed a strong H1 2017 performance (period ending 30 June).
Updating investors, Catena would record total H1 2017 group revenues of €30 million, representing an increase 78% on corresponding 2016’s €17 million.
Having grown its affiliate networks through strategic M&As, Catena governance is confident of becoming the outright industry leader in player acquisition and lead generation services for online casino and sports betting verticals.
Driven by expanded coverage and reach within its core Scandinavian market, Catena would declare group operating profits of €12 million (H1 2016: €8.25 million).
Please by ongoing developments, Catena Media CEO Robert Andersson detailed to investors that his firm would speed up product launches in the coming months, and would boost marketing initiatives as the company entered a ‘very exciting second half of the year’.
Robert Andersson CEO of Catena Media commented on H1 2017
“Catena Media continued its strong development in the second quarter of 2017. Through our scalable business model, we managed to gain revenues that amounted to EUR 15.10 million, corresponding to a year-on-year revenue-growth of 58 percent. Furthermore, adjusted EBITDA was at an all-time-high of EUR 7.95 million, corresponding to an adjusted EBITDA margin of 53 percent.”
“ We referred 91,222 NDCs to our clients in the second quarter, an increase of 92 percent year-on-year and an increase of 13 percent compared to the first quarter. The strong development of this key performance indicator is a reflection that the underlying business development continues to be strong and healthy.”
“ Search revenues are at an all-time-high of EUR 11.53 million, an increase of 58 percent year-on-year, and an increase of 5 percent compared to the previous quarter despite a negative impact of EUR 0.3 million as a result of withdrawing from the Dutch market. Paid revenues amounted to EUR 3.11 million, an increase of 35 percent year-on-year but a decrease of 16% compared to the previous quarter due to sports seasonality and the ongoing shift to perpetual revenue models on paid media.”