Tag Archives: Michael Daly

US growth helps Catena ride out costly German impairments 

Catena Media Plc has underlined the strategic importance of its globally diversified media portfolio, as a 3x jump in North American revenues and continued Japanese market growth helped offset significant European headwinds.  Publishing its Q3 2021 interim results for the period ending 30 September, Catena registered operating revenues of €33 million, up 33% on corresponding 2020 results of €25 million. …

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Industry leadership in the spotlight at Betting on Sports Europe

Betting on Sports Europe - Leadership track

Niels Onkenhout (CEO, Nederlandse Loterij), Paris Smith (CEO, Pinnacle), Hrafn Eiriksson (CTO, Smarkets), Tina Southall (Chief People Officer, Gamesys), and Michael Daly (CEO, Catena Media) are among the expert speakers who will take part in the Leadership track at next week’s Betting on Sports Europe conference and exhibition. The event, which takes place at Stamford Bridge, London on 9-11 November, …

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GlüNeuRStv withdrawal sees Catena Media hit with €50m writedowns 

Catena Media Plc has informed that its Q3 trading results will be negatively impacted by the writedown of its German sports betting assets.  The Stockholm-listed publisher issued a preliminary Q3 update, informing investors that it had allocated €42.8 million for the writedown of German sports betting assets acquired between 2016 and 2018. The decision follows an assessment of the assets …

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Catena maintains 2021 forward momentum despite ‘problem child’ Germany 

Catena Media has maintained its year growth trajectory after overcoming a Q2 trading period including tough European ‘mature market’ regulatory adjustments.  Publishing its 2021 interim results, Catena reported YTD revenues of €71 million – up 31% on equivalent 2020 results of €54.5 million. YTD metrics saw it sustain its ‘forward momentum’ in the growth markets of Japan and North America, …

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Catena orders €55m bond placement on Stockholm Nasdaq

Catena Media has applied for €55 million (£4.75m) of its senior unsecured bonds to be traded on the Stockholm Nasdaq. The transaction has been authorised by Finansinspektionen, Sweden’s Financial Supervisory Authority, with Catena providing a new company prospectus for investors. On 9 June, Catena secured an initial floating rate for its Nasdaq bond placement, allowing the Stockholm-listed publisher to price …

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SBC Digital North America to Examine Future of Sports Betting Marketing

SBC Digital North America Marketing & Affiliation Track

SBC Digital North America is set to provide a deep dive into the marketing strategies that really work for US sports betting operators, with input from senior executives and specialists from Caesars Entertainment, BetMGM, Foxwoods, Penn Interactive, and Yahoo Sports. The Marketing & Affiliation track on June 9, the opening day of the online conference and expo for the sports …

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Catena expands US market presence with Lineups acquisition

Catena Media has strengthened its position in the US sports betting market via an acquisition of online affiliation company Lineups, a firm specialising in analytics, betting prediction and tools. The total purchase price amounted to $39.6 million and will be paid in cash in three instalments over a two-year period – $25 million will be paid on closing, $9.6 million …

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Catena notifies investors of a record Q1 opening performance 

Catena Media has revealed an ‘exceptionally strong opening’ to its 2021 trading, as the company anticipates Q1 2021 revenues to top the €40 million mark.  This morning, the Stockholm-listed affiliate marketing publisher released its Q1 pre-close trading statement, alerting investors that Catena would deliver a record quarterly revenue performance.  Updating investors, Catena estimated that its Q1 adjusted EBITDA will fall …

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Catena lauds US progress as Michael Daly takes leadership charge

Catena Media backs the acceleration of its US publisher strategy, to mitigate ongoing European market headwinds as stateside growth underlines its 2020 performance.     Publishing its results for the three months ended December 2020, Catena declared operating revenues of €26.6 million, an increase of 0.3% from Q4 2019. Meanwhile, the company also reported a 9% increase in EBITDA to €12.3 million, …

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Catena appoints US VP Michael Daly as CEO elect

The board of Catena Media has confirmed the promotion of current North America VP Michael Daly to Chief Executive, with the leadership appointment effective from 1 March. Based in Las Vegas, Daly has spearheaded Catena’s publishing, M&A and growth strategy for the US wagering market since 2018. Prior to joining Catena, Daly oversaw the North American business units of Nasdaq-listed …

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