Catena Media reports $9.9m in Q1 North American revenue
Total quarterly revenue reached $11m.
Key Points
- The company posted decreases in several areas, including revenue and adjusted EBITDA in the first quarter of this year
- North American revenue dropped by 39% year-over-year
Catena Media has released its interim report for the first quarter of 2025. The company reported a 39% dip in its North American revenue when compared to figures posted in the same period last year.
North American revenue reached nearly $9.9m in the first quarter.
Revenue from continuing operations totaled $11m in Q1, a year-over-year decrease of 39%.
The company reported a 51% year-over-year decrease in its adjusted EBITDA in the first quarter. Adjusted EBITDA from continuing operations reached more than $1m, while the company’s adjusted EBITDA margin was 9%.
Chairman of the Board Erik Flinck described this quarter’s results as “disappointing.”
He further commented, “Q1 was a disappointing quarter that showed we still have substantial work ahead to fully stabilize the business and rebuild profitability. The 3% decrease in revenue from Q4 2024 was the smallest quarterly drop in recent periods, signaling that the steep declines of past quarters may now be behind us.
“However, this small positive was overshadowed by significantly lower adjusted EBITDA, which fell by around 60% from Q4, bringing the margin below 10%.”
Flinck also discussed some of the challenges the company faced in the first quarter and its plans moving forward.
He said, “While we’ve made progress, we still face challenges. Our Q1 results reflect the ongoing impact of Catena Media still not being operationally effective in the market, combined with the significant impact of Google’s algorithm changes.
“However, we are confident that our turnaround plan is working, and while we are still far from where we want to be operationally, we have stabilized the decline. We are committed to delivering long-term value to our shareholders. As we look to the future, we remain laser-focused on executing our turnaround plan.”
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