Catena sees revenue and profit fall in “challenging” Q3

Catena sees revenue and profit fall in “challenging” Q3

Affiliate group Catena Media has reported a year-on-year decline in revenue and comprehensive profit for its third quarter, due to the ongoing impact of the novel coronavirus (Covid-19) pandemic.

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.

Read the full story on iGB.