Stockholm-listed industry affiliate marketing network Catena Media, continues its strong 2018 trading momentum, detailing double-digit growth across its core metrics and KPIs, as leadership eyes significant future opportunities.
Sustaining peak activity across its network following World Cup Russia 2018, Catena details Q3 2018 period revenues of €28 million (Q3 2017), supporting year-to-date corporate revenues €77 million (2017: €46 million).
Undertaking post Russia 2018 adjustments, Catena governance would switch its network marketing strategy to focus on organic channels, decreasing its reliance on pay-per-click (PPC) verticals.
Furthermore, the Stockholm enterprise details strong period contributions, from its acquired assets, such legacy online gambling community AskGamblers.com, which in 2018 has generated $19 million in operator’s commissions.
An optimised Catena network would deliver 138,000 new depositing players with the company declaring an adjusted EBITDA of €13.8 million (2017: €9.5 million) delivering a YTD EBITDA €38 million (2017: €25 million)
Outlining future prospects, Catena governance highlights a successful initial take-up of its US services, having launched its initial propositions in New Jersey this August.
“Our estimates show that we are providing a very healthy percentage of new FTDs (First Time Depositors) to the operators we supply with leads and that we are the clear leader among our peers. Given our strong market position, we see no reason for that to change.”
In addition, the company continues to diversify its network verticals, adding further financial services assets such as legacy portal LeapRate.com acquired during the trading period.
“It´s my belief that Catena Media´s business, through being in the sweet spot of the value chain, has substantial growth opportunities ahead.” comments Per Hellberg, Catena Media CEO