Catena Media hits ‘peak performance’ as company begins 2020 journey

Stockholm-listed industry affiliate network Catena Media has reported its ‘best ever trading quarter’ as the company progresses on its 2020 vision.

Publishing its Q1 trading update (period ending 31 March), Catena reports a corporate revenue increase of €23,9 million (Q1 2017: €15,2 million).

The Stockholm enterprise details a period of high activity across its network assets, in which Catena delivered +130,000 new depositing customers to industry clients.

Furthermore, the affiliate marketing specialist details the effective integration and revamp of its newly acquired network assets, expanding its presence within the UK and Germany, whilst further diversifying its revenue pipeline beyond online betting/gambling.

Closing a busy period, Catena governance declares a Q1 2018 corporate adjusted EBITDA of €12. 4 million (Q1 2017: €7 million), translating to net profits of €10 million.

This March, Catena governance confirmed the appointment of Per Hellberg as the firm’s new Chief Executive Officer (CEO), replacing ‘interim’ incumbent Henrik Persson Ekdahl, as corporate leader.

During the period, Catena governance moved to expand the firm’s corporate debt facility to €250 million, securing a further €150 million senior unsecured bond framework.

Check Also

Growth hungry Esports Technologies opens Malta office 

Esports Technologies Inc has continued its strategic expansion by announcing the opening of a ‘state-of-the-art’ …

Betpoint rebrands to PressEnter as new leadership aims for tier-1 status 

Betpoint Group has rebranded its business identity to ‘PressEnter Group’, in a move to better …

Swedish inspectorate cancels inactive licences of Vivaro and FP Bets 

Spelinspektionen, the gambling inspectorate of Sweden, has revoked the licences of Vivaro Gaming and Fair …