An online marketing firm, Catena Media, focuses on lead generation within the iGaming sector. They recently announced a remarkable 57% revenue increase in the first quarter of 2018, contrasting sharply with the previous year’s figures. Several elements contributed to this impressive expansion, notably the company’s successful penetration of new markets and the strategic procurement of several vital assets.
Their financial statement showed total revenue of $28.5 million (€23.9 million) for Q1 2018, a considerable leap from the $18.1 million (€15.2 million) earned in the corresponding period of 2017. This equates to a 44% rise in earnings before interest, taxes, depreciation, and amortization (EBITDA), hitting $12.4 million (€10.4 million) compared to $8.6 million (€7.2 million) in Q1 2017.
A 66% surge in newly depositing clients, a crucial indicator for Catena Media’s business framework, propelled this achievement. The firm attributed this expansion to their impactful marketing initiatives and the robust performance of their existing holdings. Moreover, Catena Media’s assertive acquisition approach, which included securing several well-known affiliate platforms like BonusSeeker.com and BeyondBits Media Ltd., has substantially widened their scope and bolstered their overall progress.
Henrik Persson Ekdahl, Catena Media’s acting CEO, conveyed significant contentment with the company’s accomplishments, labeling it their “most successful quarter to date.” He stressed that they are firmly on course to realize their ambitious objectives for 2020. This optimistic projection, combined with their tactical acquisitions and solid financial outcomes, positions Catena Media for sustained prosperity within the rapidly developing online gaming arena.
Catena Media’s prominent sports wagering platforms, ParisSportifs and gg.co.uk, are experiencing a surge of success!
The organization recently finalized a substantial fiscal reorganization, renegotiating €100 million in debt securities and obtaining over €150 million in new capital. This action demonstrates significant belief in Catena Media’s prospects.
Furthermore, there has been a shift in leadership. Per Hellberg assumed the role of CEO in September 2018, succeeding Henrik Persson Ekdahl. With a capable group and robust financial backing, Catena Media is well-situated for sustained achievements within the demanding realm of digital sports wagering.
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