Catena Media Releases First Quarter Financials

Betting group Catena Media has announced that they've had a record setting first quarter of 2018 with revenues surging by more than 50% during the quarter.

Key financial indicators for the quarter ending March 31st, 2018 were:

  • Revenues of €23.9 million, up 57% from the year prior
  • EBITDA of €10.4 million, up 44%
  • Adjusted EBITDA up 63% to €12.4 million
  • Net cash up to €10.3 million
  • New depositing customers up 66% to 133,322
  • Earnings per share pre-dilution of €0.09, while post-dilution of €0.08

Commenting on the results Acting CEO Henrik Persson Ekdahl said, "The quarter was the best to date, up 19% from Q4 2017 and we are progressing well towards our 2020 target."

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bgsharpe
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14 May 2018 - 3:55pm
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Probably we have to keep an eye on this company, obviously they doing really well and perhaps they will keep up with that tempo in the next years when we have in mind some of the deals we read about it here.

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