In december, catena media hits all-time record in us revenues
Catena media announced an operational income of eur 26.6 million for the last quarter of the year, an improvement of 0.3% relative to q4 2019, when it released its year-end forecast for 2020.
Q42020 high revenue due to us growth
On january 24, catena media, headquartered in malta, released its financial reports for the last quarter of 2020 and the whole financial year. Operating sales amounted to eur 26.6 million in 4q2020, reflecting a year-over-year growth of 0.3%.
Sales from Organic traffic amounted to eur23.7 million, up 2% on the same period in 2019. New depositing customers (ndcs) accounted for 124,959, an rise of 10% per annum.
Adjusted ebitda rose by 9% to eur12,3 million, reflecting a 46% adjusted ebitda margin. Ebitda, including comparability-affecting products of eur 0.1 million, increased by 46% and totalled eur 12.4 million, reflecting an ebitda margin of 47%.
"thanks to our ability to take and hold leading positions in both sports and casinos across various states during the busiest sports season in the us, catena media had an outstanding end to a solid year, hitting an all-time record in usd sales in december."
The growth of the business was due to the reopening of the sports market at the end of the year and the the number of newly invested clients. The organization was happy with the growth of its role in the igaming industry in the us. With a 31 percent share of overall sales in q4 (43 percent growth) and 30% of total annual revenues (72 percent growth), it has been a success story over the year.
In january, catena media confirmed michael daly's appointment as the new ceo of the group. Daly was formerly in charge of u.s. Operations, and as of march 1, 2021, his current job is effective.
German economy slows down in q42020
For the period january to december 2020, operating revenue amounted to eur 106,0 million, an rise of 3% compared to 2019. Organic search sales amounted to eur 95,9 million, which resulted in a 9% annual growth. New depositing customers (ndcs) accounted for 443,524 in annual terms, up 2 percent. Adjusted ebitda rose by 20% to a total of eur 52 million, or an adjusted ebitda margin of 49%.
Owing to the 'pre-regulatory tolerance span on the market, as well as the heavy' headwinds in germany for both sports and casinos, the company's sports sales on the german market halved during q4. The negative effect is expected to persist as well in the first half of 2021.