As it continues to expand the global reach of its affiliate marketing network, Catena Media has outlined its intentions to explore new M&A opportunities and international expansion.
Stockholm-listed Catena, releasing its Q3 trading statement (period ending 30 September), noted that its operating revenue amounted to EUR 24,9 million, a 6 percent decrease from EUR 26,4 million in the same period last year.
New Depositing Customers (NDCs) totaled 94,710, declining by 5 percent from 99,435 in 2019. Meanwhile, for the three-month period, EBITDA rose by 4 percent to EUR 12 million, up from EUR 11.5 million.
Catena Media outlined its intentions to expand its focus on the US market, conducting a review of the company’s strategic path, as demand for igaming continues to rise across controlled markets. Catena intends to achieve ‘profitable organic double-digit growth annually over the period’ with this.
Catena Media, in a statement, said: “The US business will be a core revenue driver, supported by continued geographical expansion into Latin America, Asia and certain central European markets.”
The affiliate also reported that investments in M&A will be ‘positively evaluated’ in order to further improve its role in strategic markets.
Per Hellberg, Catena Media CEO, commenting on the findings, said: “Continued strong performance in the US and the recent strategic review reveal a bright future.”
Operating revenue totaled EUR 79.4 million for the period from January to September 2020, up 4 percent from EUR 76.3 million in 2019.
Organic search sales rose by 11 percent to EUR 72.3 million from EUR 65 million in 2019. However, NDCs decreased, dropping from 323,423 to 318,565 by 2 percent. EBITDA rose by 23 percent, to EUR 39.7 million in total, compared to EUR 32.2 million in 2019.