The digital marketing firm, Catena Media, declared an exceptional opening quarter in 2018, boasting a revenue surge of 57% against the corresponding period the previous year. This remarkable expansion propelled their overall quarterly revenue to a substantial $28.5 million. The organization also witnessed a significant upswing in earnings before interest, taxes, depreciation, and amortization (EBITDA), hitting $12.4 million. This upward trajectory persisted with an extraordinary 157.5% leap in net cash flow from operational activities, reaching $12.3 million. Catena Media further enjoyed a 66% spike in newly depositing clients, a clear indication of their broadening market presence. Henrik Persson Ekdahl, the interim Chief Executive Officer of Catena Media, proudly revealed these stellar figures, emphasizing the company’s most successful quarter to date and their dedication to realizing their ambitious 2020 targets. Catena Media has been aggressively pursuing buyouts, acquiring numerous affiliate web platforms, including BonusSeeker.com and BeyondBits Media Ltd., and recently concluded the purchase of BrokerDeal, a financial services enterprise.
The sports wagering giants under Catena Media, ParisSportifs and gg.co.uk, are experiencing a surge of success!
This enterprise has been implementing significant transformations, encompassing a substantial reorganization and a financial restructuring agreement that not only addressed their current €100 million in liabilities but also secured an impressive €150 million in additional capital.
Furthermore, they have appointed a new leader. Per Hellberg will assume the role of Chief Executive Officer, succeeding interim CEO Henrik Persson Ekdahl in September 2018.