Catena Media recorded a solid Q3 2018, reinforced by World Cup trading. The affiliate marketing network detailed double-digit growth across its core metrics and KPIs, plus a year-to-date corporate revenue of €77 million, up from €46 million the year previous.
Furthermore, the Stockholm enterprise details strong period contributions, from its acquired assets, such legacy online gambling community AskGamblers.com, which in 2018 has generated $19 million in operator’s commissions.
An optimised Catena network would deliver 138,000 new depositing players with the company declaring an adjusted EBITDA of €13.8 million (2017: €9.5 million) delivering a YTD EBITDA €38 million (2017: €25 million)
Outlining future prospects, Catena governance highlights a successful initial take-up of its US services, having launched its initial propositions in New Jersey this August.
“Our estimates show that we are providing a very healthy percentage of new FTDs (First Time Depositors) to the operators we supply with leads and that we are the clear leader among our peers. Given our strong market position, we see no reason for that to change,” explained Per Hellberg, Catena CEO.
In addition, the company continues to diversify its network verticals, adding further financial services assets such as legacy portal LeapRate.com acquired during the trading period.
“It’s my belief that Catena Media´s business, through being in the sweet spot of the value chain, has substantial growth opportunities ahead,” he added.