Catena Media, a firm based in Sweden that focuses on linking individuals with digital platforms such as gambling and wagering websites through marketing, announced an outstanding initial six months of 2017. Their income surged by 78% in contrast to the corresponding timeframe last year, reaching a substantial €30 million. This remarkable expansion practically doubled their earnings from the first half of 2016, which amounted to €17 million.
Their gains followed a comparable upward course. Operational earnings leaped by 45%, hitting €12 million, while earnings before taxes, interest, depreciation, and amortization witnessed a 55% rise, reaching €13.49 million.
However, perhaps the most revealing indicator of their triumph is the quantity of fresh patrons they acquired. Catena Media facilitated the onboarding of an unprecedented number of new users for their clientele, with a massive 115% surge compared to the initial six months of 2016. This equates to a jump from 79,851 new depositing clients to an extraordinary 171,643.
Robert Andersson, Chief Executive Officer of Catena Media, conveyed his optimism for the times ahead, affirming that the enterprise is poised for an even more robust latter half of the year, propelled by the commencement of the athletic season in mid-August. He underscored their assurance in their strategic course and operational effectiveness, believing that Catena Media is well-situated to sustain this remarkable growth trajectory through a blend of natural expansion in current and developing markets, along with tactical acquisitions.
Even with a stop order from the Netherlands Gaming Authority due to promotional infractions by its online gambling brands, Catena Media announced robust financial performance.
Michael Andersson, the head of Catena Media, stressed the company’s dedication to regulatory adherence, noting that they function within legal boundaries and maintain rigorous guidelines for their partner network. He clarified that the recent move by the Dutch Gaming Authority to implement tighter rules on internet gambling sites focusing on players in the Netherlands prompted Catena Media to preemptively and briefly exit the market. This departure, while anticipated to result in a temporary income decrease of €1-1.5 million monthly, showcases Catena Media’s commitment to staying compliant and strategically places them for a possible comeback when the Dutch market becomes accessible again.
