Tag Archives: Michael Daly

Catena Media has warned investors of a reduction in Q4 operating profits due to impairments related to write-downs and restructuring measures of its European media portfolio.    Publishing a Q4 2022 preliminary update, Catena underlined continued strong US trading, as its North American assets achieved revenues of €21.5m, reflecting a 31% increase on corresponding results of €16.4m. Having reduced the size …

Catena Media Plc has this morning notified investors that it has recruited Carnegie Investment Bank to serve as financial advisor to assess strategic options related to the continued sale of media assets and including the entire sale of the business. The decision sees the Stockholm-listed affiliate publisher accelerate the streamlining of its media portfolio, originally sanctioned in May 2022 by …

Gaming Innovation Group (GiG) has this morning announced that it has reached a binding agreement to acquire online gambling community AskGamblers.com from Catena Media Plc.  The buyout is agreed for a total consideration of €45m, with GiG acquiring the additional online casino assets of JohnSlots.com and NewCasinos.com, alongside “further smaller European domains”. The €45m deal will be paid as a …

Catena Media Plc has detailed continued North American strategic progress but warns of multiple European headwinds impacting its earnings results.     Publishing its interim H1 2022 trading statement, Catena registered Group revenues of €74m, up 4% on H12021 comparative results of €71m. Headline growth is maintained as the Stockholm-listed publisher overcomes a tough comparative Q2 trading period which saw group revenues …

Catena Media Plc has this morning announced that it has placed its entire European business under strategic review.  The decision follows a corporate review of Catena’s European media operations initiated on 20 May, with a view to identify and expand efficiencies. The Stockholm-listed affiliate media publisher will examine all options for its European activity “consisting of online sports betting and …

The upcoming SBC Summit North America at the Meadowlands Exposition Centre, New Jersey, will witness a star-studded speaker line-up that will deliver a comprehensive overview of the fundamental opportunities and challenges in the region.  SBC Summit North America is the leading conference and tradeshow dedicated to the online betting and iGaming industry in the United States and Canada. The agenda …

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 …

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 …

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 …

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. …