Catena Media posts full-year loss of €10.5m for 2019

Catena Media posts full-year loss of €10.5m for 2019

Affiliate marketing giant Catena Media has reported a full-year loss of €10.5m (£8.8m/$11.3m) for 2019, primarily due to impairment charges related to assets acquired between 2016 and 2018, while all core business units struggled in the period.

Published 21st February 2020

Revenue for the 12-month period through to 31 December 2019 amounted to €102.8m, down 2.1% from €105.0m in the previous year.

Catena noted a 1.8% year-on-year decline in search revenue from €89.9m to €88.3m, while paid revenue also dropped 15.0% to €11.9m and subscription revenue 57.7% to €2.6m.

The affiliate giant said revenue share arrangements were responsible for 43% of total revenue for the year, with 40% attribute to cost per acquisition revenue, 15% from fixed fees and 2% from subscriptions. Catena also noted that around 81% of revenue was generated in locally regulated or taxed markets.

In terms of spending, Catena has issued a warning earlier this week that higher costs related to certain areas of the business would likely impact its full-year financial performance.

Read the full story on iGaming Business.