Catena Media share price plummets on falling Q3 revenue

Affiliate betting big on US-facing arm as Google algorithm and sports shutdown impact materialises

Catena Media has recorded a 6% decrease in Q3 revenue year-on-year (YoY) as the affiliate struggles to balance mitigating factors across its casino and sports segments. The Stockholm-listed firm noted revenue of €24.9m (£22.3m) for the reporting period, down from €26.4m in Q3 2019. Casino accounted for 64% of total revenue (€16m), while sports represented…

Catena Media | Finance | Per Hellberg | Q3 2020 | US