{"id":144,"date":"2024-06-16T08:24:56","date_gmt":"2024-06-16T05:24:56","guid":{"rendered":"https:\/\/vegas2web.icu\/2024\/06\/16\/catena-media-reports-7-revenue-growth-in-2022-fueled-by-north-american-expansion\/"},"modified":"2024-06-16T08:24:56","modified_gmt":"2024-06-16T05:24:56","slug":"catena-media-reports-7-revenue-growth-in-2022-fueled-by-north-american-expansion","status":"publish","type":"post","link":"https:\/\/vegas2web.icu\/2024\/06\/16\/catena-media-reports-7-revenue-growth-in-2022-fueled-by-north-american-expansion\/","title":{"rendered":"Catena Media Reports 7% Revenue Growth in 2022 Fueled by North American Expansion"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/PNjTkdIHNno\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Affiliate marketing firm, Catena Media, announced a 7% year-over-year revenue surge for 2022, hitting \u20ac110.1 million (roughly $117.3 million).<\/p>\n<p>This expansion was primarily driven by robust results in the North American region, representing 77% of the group&#8217;s overall revenue at \u20ac84.5 million, a substantial 24% jump from the preceding year. The organization credited this achievement to the growth of the digital sports wagering sector in North America, specifically emphasizing the Maryland launch.<\/p>\n<p>Despite a 2% uptick in new depositing clients (NDCs), reaching 354,050, Catena Media saw a 16% drop in adjusted EBITDA for ongoing operations, settling at \u20ac50.1 million with a 46% margin. This reduction was linked to modifications within the business.  Excluding these elements, the adjusted EBITDA margin for continuing operations reached 44%.<\/p>\n<p>The final quarter of 2022 proved positive for Catena Media, with a 31% spike in North American revenue and a 15% total revenue increase for continuing operations. This upward trajectory extended to profitability, with a 15% climb in operating income, hitting \u20ac2.74 million. The adjusted EBITDA for ongoing operations experienced a 14% rise, reaching \u20ac1.23 million with a 45% margin.<\/p>\n<p>Michael Daly, Chief Executive Officer of Catena Media, conveyed appreciation to the staff for their efforts and commitment throughout the year. <\/p>\n<p>Although the reorganization has encountered a few obstacles, I am incredibly impressed by the dedication everyone has shown to maintaining seamless operations. I extend my sincere gratitude to each and every team member.&#8221;<\/p>\n<p>This development coincides with an intriguing period, as Catena, a rival firm, recently had a 5% ownership acquired by Better Collective earlier this month, sparking widespread conjecture regarding their motives. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Affiliate marketing firm, Catena Media, announced a 7% year-over-year revenue surge for 2022, hitting \u20ac110.1 million (roughly $117.3 million). This expansion was primarily driven by robust results in the North American region, representing 77% of the group&#8217;s overall revenue at \u20ac84.5 million, a substantial 24% jump from the preceding year. The organization credited this achievement [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Catena Media Roars: 7% Revenue Surge in 2022<\/title>\n<meta name=\"description\" content=\"Catena Media experiences a 7% revenue boost, hitting \u20ac110.1 million in 2022! This success is fueled by the North American market, particularly the booming digital sports wagering sector. 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