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 …
Read More »Tag Archives: Michael Daly
Catena bets on Tech & AI upgrades to overturn dire FY2023 results
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% …
Read More »Catena says ciao to Italy following €19m media divestment
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 …
Read More »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 …
Read More »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 …
Read More »Catena hits wall in North America amid UK and Aus sell-off
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% …
Read More »Catena sells UK & AUS sportsbook domains for €6m
Catena Media Plc has accelerated its corporate reorganisation by securing an agreement to sell its UK and Australia sports betting brands to Moneta Communications Ltd for €6m. The agreement will see Catena sell the assets of Squawka.com and GG.co.uk, in addition to all shares in the group’s wholly-owned Australian subsidiary. “The sale marks a further step forward in refocusing the …
Read More »Catena maintains long-term vision amid slow 2023 start
Catena Media Plc maintains confidence in its corporate reorganisation and long term growth targets, despite a difficult start to year trading, dragged by underperforming US results. Publishing its Q1 2023 trading update, total group revenue from continuing operations stood at €35m, down 5% on corresponding 2022 results of €37m. Period trading saw Catena’s North American unit impacted by a 2% …
Read More »Erik Edeen named Catena interim CFO amid asset sale speculation
Catena Media has confirmed Erik Edeen as interim Chief Financial Officer (CFO), replacing the outgoing Peter Messner and marking his second tenure in the role. Edeen first served as Catena CFO between 2019 and 2020, and has acquired 16 years experience of financial management with both private and public corporations such as ICA Gruppen AB and Investor AB. A graduate …
Read More »Catena rebounds in Q4 as strategic review calls for Asian outlook
North America has again proven to be fertile ground for Catena Media in 2022, driving substantial revenue growth for the company that continues a strategic review of its business and media assets. Having closed the year with the €45m sale of its AskGamblers division, along with a range of accompanying websites, to Gaming Innovation Group (GiG), Catena updated its investors …
Read More »