Catena Media experienced a phenomenal start to 2018, witnessing a 57% surge in income compared to the corresponding period the previous year.

This remarkable expansion resulted in an impressive $28.5 million (or €23.9 million for our European counterparts). To illustrate the magnitude, their earnings in the first quarter of 2017 amounted to only $18.1 million (€15.2 million).

Furthermore, their profitability soared as well. We’re discussing a 44% leap in EBITDA, reaching $12.4 million (€10.4 million). The most remarkable aspect? Their adjusted EBITDA skyrocketed by an astounding 63% to hit $14.8 million (€12.4 million).

Cash flow emerged as another domain where Catena Media truly excelled. They transitioned from a commendable $4.7 million (€4 million) in Q1 2017 to an astonishing $12.3 million (€10.3 million) in Q1 2018 – representing a staggering 157.5% increase!

Moreover, they successfully attracted a multitude of new patrons. The influx of newcomers making deposits surged by 66%, from 80,421 in the first quarter of 2017 to a substantial 133,322 within the same timeframe this year.

Henrik Persson Ekdahl, Catena Media’s interim CEO, expressed understandable delight with these outcomes. “This marks the most successful first quarter in the company’s history,” he proclaimed in a statement accompanying the financial report. “Revenue climbed 19% compared to the final quarter of 2017, and we are firmly on course to achieve our 2020 objective.”

Catena Media undoubtedly signifies ambition. They have been on an acquisition spree since the year commenced, acquiring affiliate platforms such as BonusSeeker.com and BeyondBits Media Ltd. for a considerable amount. Just last month, they finalized the acquisition of BrokerDeal, a financial affiliate. It appears they are poised for sustained prosperity!

Catena Media’s prominent sports wagering platforms, ParisSportifs and gg.co.uk, are experiencing a surge of success!

The organization recently finalized a significant fiscal reorganization, refinancing current liabilities and obtaining a new infusion of funds – a definite indication of trust from stakeholders. This action will propel their ambitious expansion strategies.

Furthermore, there are promising developments within the executive team. Per Hellberg is assuming the role of Chief Executive Officer, contributing a wealth of expertise. He is fully prepared to guide Catena Media to even greater achievements commencing in September.