Tag Archives: Catena Media

The board of Catena Media Plc has confirmed the appointment of Manuel ‘Manu’ Stan as CEO of the Stockholm-listed affiliate media publisher. Investors were informed that “Manuel will lead Catena Media’s North American and global market operations from Las Vegas, where he is based. He will assume his position on July 1, 2024.” The appointment sees Stan succeed Michael Daly, …

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. …

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 …

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% …

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 …

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 …

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 …

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 …

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 …

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% …