Tag Archives: Catena Media

Catena Media parts with CEO Michael Daly with immediate effect

SBC News Catena Media parts with CEO Michael Daly with immediate effect

The board of Catena Media Plc has this afternoon announced that Michael Daly has chosen to step down as Chief Executive Officer with immediate effect. Investors of the Nasdaq Stockholm affiliate and media publisher were informed that Pierre Cadena, VP Corporate Strategy, will assume the role of interim CEO, leading the firm’s ongoing reorganisation to focus on North American growth. …

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Michael Daly on Catena Media’s Tech-First Approach to US Growth

SBC News Michael Daly on Catena Media’s Tech-First Approach to US Growth

The effectiveness of affiliate-operator partnerships relies on numerous factors. These include the potency of the affiliate brand, their commitment to developing top-quality content, and their bold strategies for customer acquisition. Whether the strategy builds on the implementation of new technologies, exploration of diverse player acquisition tactics, or a forward-thinking approach to commission models, the goal remains the same – ensuring …

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Catena bets on Tech & AI upgrades to overturn dire FY2023 results

Catena Media

Catena Media Plc has initiated an extensive internal investment programme to advance its tech platform and AI capabilities, as investors are warned that challenging trading conditions will continue until the second half of 2024. The Stockholm-listed igaming media group published its full-year 2023 results, reporting a dire close to year trading, registering Q4 revenues of €14.5m, a decrease of 41% …

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Catena appoints Sean Hurley as NED for new US vision

Catena Media

Catena Media has confirmed the appointment of Sean Hurley as a non-executive director (NED) of the Stockholm-listed iGaming media publisher. Hurley will fill the position vacated by Per Widerström, who resigned from Catena’s board in September, fulfilling the requirements to become Group CEO of 888 Holdings. Investors were informed that Hurley’s NED appointment “will become effective once all necessary filings …

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Oddschecker reveals itself as buyer of SuperScommesse

Oddschecker

Oddschecker Global Media has disclosed that it has acquired the Italian sports media property, SuperScommesse, from Catena Media. This morning, publishing its Q3 trading update, Catena Media informed that it had sold all of its Italian media properties to two undisclosed buyers for €19.8m. Oddschecker, known as the UK and Australia’s largest sports betting publisher, would later announce that it …

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Catena says ciao to Italy following €19m media divestment

Catena Media

Catena Media has shed further insight into the full sale of its sports betting and casino media assets for Italy. The transaction was announced this morning, separate from its Q3 trading update, in which Catena detailed continued revenue declines as it transitions its North American network from cost-per-acquisition (CPA) contracts to a revenue share model. A deal to sell its …

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Catena Q3 declines bear deep cuts of North American transformation 

SBC News Catena Q3 declines bear deep cuts of North American transformation 

Catena Media has completed its strategic review executing a divestment of legacy media assets generating its business €76m in proceeds, to enable significant debt repayments  The announcement was declared separately to Catena Q3 trading update, which saw the Stockholm-listed media publisher reveal a 28% decline in Q3 revenues to €16m (Q32022: €22m). The continued revenue decline reflects the “transition of …

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Michael Daly stands by North America as growth child of Catena Media

SBC News Michael Daly stands by North America as growth child of Catena Media

Following a difficult trading period for Catena Media CEO, Michael Daly, remained optimistic in the group’s ability to reach an ‘achievable but challenging in goal’ in North America. Following a series of transformations, North America, particularly in the last year, has been the main cash cow for the Stockholm-listed media publisher. Yet, momentum was interrupted during Q2, with the firm’s trading …

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Catena hits wall in North America amid UK and Aus sell-off

Catena Media

Catena Media encountered several difficulties across the geographic breadth of its business during Q2 trading, with the firm’s North American revenue dipping as it embarked on major changes to its European operation. The igaming media publisher reported group-wide revenue from continuing operations of €17m, a drop off of 16% on €20m recorded in Q2 2022. Adjusted EBITDA, meanwhile, fell 60% …

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Catena confirms Per Widerström boardroom exit

Per Widerström, 888 CEO

Catena Media Plc has notified investors that Per Widerström has ended his tenure as a Corporate Director of the Stockholm-listed igaming media publisher.  The resignation follows Widerström accepting the position to become the new Group CEO of 888 Holdings, commencing from 16 October onwards. Widerström, the former Chief Executive of CEE gambling group Fortuna Entertainment, has served as a Corporate …

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