Tag Archives: Michael Daly

Catena initiates strategic review following acquisition interests

Catena Media has acknowledged that there has been interest from third party businesses seeking to acquire some of its assets. The betting affiliate and publishing group has noted particular interest in its financial trading segment, the ‘Ask Gamblers’ flagship casino brand and ‘certain other’ areas of its global operations.  Addressing the third party interest in its business, Catena’s strategic review …

Read More »

Catena targets North America as Europe poses challenges in Q1 earnings

Catena Media has detailed a ‘solid quarter’ across during Q1 2022, as the group’s revenues increased by 11% year-on-year, driven by continued expansion in North America.  Updating investors, the gambling affiliate and media publishing group announced revenue of €45.2 million (2020: €40.7m), whilst EBITDA rose by 2% to €25.6 million (€20m), albeit with a decreased margin of 57% (61%). Revenue …

Read More »

Catena looks West as Euro impairments stunt 2021 growth  

Catena Media Plc has underlined its long-term growth strategy and ongoing international expansion projects, as the Stockholm-listed affiliate publisher registers a full-year 2021 operating loss of €12.7 million.  The firm’s FY2021 earnings performance was significantly impacted due to the impairment of previously acquired German and French sports media assets totalling €49 million. Headline metrics saw Catena register corporate revenues of …

Read More »

US growth helps Catena ride out costly German impairments 

Catena Media Plc has underlined the strategic importance of its globally diversified media portfolio, as a 3x jump in North American revenues and continued Japanese market growth helped offset significant European headwinds.  Publishing its Q3 2021 interim results for the period ending 30 September, Catena registered operating revenues of €33 million, up 33% on corresponding 2020 results of €25 million. …

Read More »

Industry leadership in the spotlight at Betting on Sports Europe

Betting on Sports Europe - Leadership track

Niels Onkenhout (CEO, Nederlandse Loterij), Paris Smith (CEO, Pinnacle), Hrafn Eiriksson (CTO, Smarkets), Tina Southall (Chief People Officer, Gamesys), and Michael Daly (CEO, Catena Media) are among the expert speakers who will take part in the Leadership track at next week’s Betting on Sports Europe conference and exhibition. The event, which takes place at Stamford Bridge, London on 9-11 November, …

Read More »

GlüNeuRStv withdrawal sees Catena Media hit with €50m writedowns 

Catena Media Plc has informed that its Q3 trading results will be negatively impacted by the writedown of its German sports betting assets.  The Stockholm-listed publisher issued a preliminary Q3 update, informing investors that it had allocated €42.8 million for the writedown of German sports betting assets acquired between 2016 and 2018. The decision follows an assessment of the assets …

Read More »

Catena maintains 2021 forward momentum despite ‘problem child’ Germany 

Catena Media has maintained its year growth trajectory after overcoming a Q2 trading period including tough European ‘mature market’ regulatory adjustments.  Publishing its 2021 interim results, Catena reported YTD revenues of €71 million – up 31% on equivalent 2020 results of €54.5 million. YTD metrics saw it sustain its ‘forward momentum’ in the growth markets of Japan and North America, …

Read More »

Catena orders €55m bond placement on Stockholm Nasdaq

Catena Media has applied for €55 million (£4.75m) of its senior unsecured bonds to be traded on the Stockholm Nasdaq. The transaction has been authorised by Finansinspektionen, Sweden’s Financial Supervisory Authority, with Catena providing a new company prospectus for investors. On 9 June, Catena secured an initial floating rate for its Nasdaq bond placement, allowing the Stockholm-listed publisher to price …

Read More »

SBC Digital North America to Examine Future of Sports Betting Marketing

SBC Digital North America Marketing & Affiliation Track

SBC Digital North America is set to provide a deep dive into the marketing strategies that really work for US sports betting operators, with input from senior executives and specialists from Caesars Entertainment, BetMGM, Foxwoods, Penn Interactive, and Yahoo Sports. The Marketing & Affiliation track on June 9, the opening day of the online conference and expo for the sports …

Read More »

Catena expands US market presence with Lineups acquisition

Catena Media has strengthened its position in the US sports betting market via an acquisition of online affiliation company Lineups, a firm specialising in analytics, betting prediction and tools. The total purchase price amounted to $39.6 million and will be paid in cash in three instalments over a two-year period – $25 million will be paid on closing, $9.6 million …

Read More »