US sports betting sparks Catena Media revenue rise

Stockholm-listed affiliate reports organic growth of 17% in the US market over the last 12 months

Catena Media has reported a 60% increase in revenue to €27.7m for Q3 2018, driven by the Stockholm-listed affiliate’s investment into US sports betting. The firm reported an EBITDA increase of 52% to €13.4m, up from €8.8m in the prior corresponding period as new depositing customers (NDCs) also rose by 37% to hit 138,194. On…

Catena Media | Finance | M&A | Malta | Per Hellberg | USA