Catena Media projects Q4 increase, with 78% of total revenue from North America
The company said the overall successful quarter is largely due to the North American market.
Catena Media has published its preliminary financial results for 2022’s fourth quarter. The company will release its official report next month.
During Q4, preliminary revenue within the North American market rose by 31%. Company adjusted EBITDA for the fourth quarter reflected a 14% increase in its continuing operations, along with “a non-cash impairment charge arising from writedowns of discontinued assets.”
Catena projects that Q4 revenue derived from its North American operations could reach $16.4m, representing a 31% boost year-over-year. The group said 78% of its total Q4 revenue can be attributed to the North American market.
Catena Media CEO Michael Daly spoke about the company’s achievements within the US and elaborated on recent licensing within the States.
He commented: “It is pleasing to see such strong performance from our core North American business in Q4. We gained an uplift from the launch of licensed online sports betting in Maryland in November and a strong run-in to the go-live for online sports betting in Ohio on 1 January 2023, which delivered our strongest-ever launch period for a US state sportsbook launch.
“We successfully delivered on our strategy of further expansion in North America while completing our strategic review with the sale of AskGamblers and related assets. These preliminary results reaffirm our strategy and provide a solid platform as we enter 2023.”
Catena Media provides leads to online casino and sports betting operators, as well as to financial trading platforms. The Malta-based company is committed to offering its players quality products through its customer websites and web-based affiliation brands.
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