Catena Media Q3 Revenue Falls 30%

Catena Media reported in its interim report for the January to September 2026 period that third-quarter revenue from continuing operations fell 30% to 8.2 million euros. In the same period a year earlier, this figure was recorded at 11.6 million euros. The group attributed the decline to volatility in search visibility and a contraction in operators' marketing spend.

North America accounts for 97% of group revenue, and revenue in this region fell 29% in the quarter to 7.9 million euros. The number of new depositing customers decreased 14% to 20,603. Adjusted EBITDA fell 75% to 0.7 million euros, and the margin was 9%. Last year, this margin stood at 25%.

In the nine-month table, revenue from continuing operations fell 3% to 30 million euros. North American revenue rose 1% to 28.9 million euros. The number of new depositing customers grew 21% over nine months to 79,957. Adjusted EBITDA fell 11% over nine months to 4.6 million euros, and the margin was 15%.

The company said that during the quarter the carrying value of its North American casino and sports assets and its Asia Pacific casino assets declined, and it recorded an impairment charge of 30.8 million euros. In the same period last year, this charge was 16.5 million euros. The group stated that this charge did not affect its cash position.

Catena Media said it is accelerating its strategy to reduce its dependence on search rankings. In September, the traffiqX brand and website were launched, and a beta launch is planned for the first quarter of 2027. The company has also introduced the PlayPicks product and the Bonus+ loyalty program. It was noted that MRKTPLAYS accounts for more than a third of group revenue.