Catena Media hails US opportunity after Q3 earnings leap
Egaming affiliate’s revenues climb 61% with more than 100,000 customers delivered to partners
Catena Media has hailed its opportunities in the US after posting record revenues in Q3.
The egaming affiliate, which owns PlayUSA.com, PlayPennsylvania.com and USPoker.com, said it was preparing for a US push with the recent legislatino in Pennsyvania.
“Following this opening, Catena Media will continue to strengthen its presence on the US market in line with the company’s growth strategy,” acting CEO Henrik PerssonEkdahl said.
The firm also recently purchased poker tracking site PokerScout.com to aid its US efforts.
Elsewhere, Catena posted a 61% jump in Q3 2017 revenues, totalling €17.26m for the thee-month period.
The egaming affiliate hailed its “best quarter ever”, with new customers delivered to partners up 79% year-on-year to more than 100,000.
Adjusted EBITDA hit an all-time-high of €9.5m, corresponding to a margin of 55%.
“The strong growth in NDCs demonstrates the success of our business model,” said Catena’s acting CEO Henrik Persson Ekdahl.
“Casino and sport both performed strongly in Q3 and this trend appears to continue through Q4,” Ekdahl added.
“Preparations ahead of the 2018 Winter Olympics and the FIFA World Cup are in full swing. We are expectant and optimistic about our strategic, operational and financial performance, and we eagerly anticipate the new, forthcoming challenges that await.”
Catena also identified the “fast-growing Japanese casino market” as a growth opportunity, having recently opened a Japan office.
“The Tokyo office will act as a platform for further expansion in Asia”, Ekdahl added.