Catena sees revenue and profit fall in “challenging” Q3
Published 20th November 2020
Overall revenue for the three months to September 30 amounted to €24.9m (£22.3m/$29.5m), down 5.7% from €26.4m in the same period last year.
Catena reported year-on-year declines across all of its core business areas, with search revenue down 2.6% to €22.5m. Paid revenue fell 28.6% to €2.0m, and subscription revenue slipped 20.0% to €400,000.
Revenue derived through revenue-sharing arrangements comprised 46% of all revenue in the quarter, ahead of cost per acquisition (38%), fixed fees (15%) and subscription revenue 1%.
In terms of operating segments, casino represented 64.0%, or €16.0m, of overall revenue in the period. Catena said the AskGamblers brand was able to maintain revenue levels, though traffic volume was slightly down.