Catena Media increased revenue up 57% in Q1

The partner network of gambling sites Catena Media published a financial report for the first quarter of 2018, which reported an increase in revenues of € 23.9 million ($ 28.4 million) and 57% higher compared to the same period last year.

Earnings before interest, tax, deprecation and amortisation (EBITDA) came in at €10.4m, up 44% on last year, while adjusted EBITDA also climbed 63% year-on-year to €12.4m. Net cash generated from operating activities rose to $12.3m (€10.3m) in Q1 2018 from a Q1 2017 figure of $4.7m (€4.0m),a rise of 157.5%.

Henrik Persson Ekdahl, Acting CEO of Catena Media welcomed the cross financial rises, saying: “The quarter was the best to date, up 19 percent from Q4 2017 and we are progressing well towards our 2020 target”.

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