Catena Media plc today announces preliminary results for the third quarter ahead of the interim report to be published on 17 November 2021. The company reports strong growth in revenue and adjusted EBITDA fuelled by an exceptionally strong US performance, along with an impairment charge arising from a writedown of German and French sports assets.
Revenue in Q3 is estimated at EUR 33.1m (24.9m), up 33 percent from the same period last year. Revenue from North American iGaming increased by approximately 124 percent and accounted for 51 percent of group revenue during the quarter.
Organic growth is estimated at 23 percent, or 34 percent excluding the now-regulated German iGaming market, where revenue fell approximately 62 percent and accounted for 4 percent of group revenue during the quarter.
Adjusted EBITDA, excluding items affecting comparability, is estimated at EUR 16.0m (12.0m), an increase of 33 percent and corresponding to a margin of 48 percent (48 percent).
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