Catena Media reports 33 operating revenue increase for Q3 2021

Catena Media’s Q3 2021 report shows an increase in operating revenue of 33%, 23% organic growth and a 33% increased adjusted EBITDA

Catena Media’s Q3 2021 news report shows an increment in operating revenue of 33%, 23% organic fertiliser ontogenesis and a 33% increased familiarized EBITDA.

Operating revenue was €33.1m ($37.4m) and adjusted Earnings Before Interest Taxes Depreciation and Amortization totalled €16m. Operating immediate payment flow showed a 17% increment and hard cash and cash in equivalents totalled €28.6m on 30 Sept 2021. Between 13 September and 15 October, the group repurchased 1,504,810 of Catena Media ordinary bicycle shares, which resulted inwards a hard currency effluence of €8.6m.

CEO Michael Daly said: “For Catena Media, Q3 was an exceedingly warm billet that highlighted the economic value of our planetary variegation strategy across sports betting and casino. Triple-digit development inwards Second Earl of Guilford America and a doubling of revenue inwards Nippon were the principal sum drivers behindhand a 33% increase inward group revenue and also a 33% jump inward adjusted EBITDA.”

The report mentioned several substantial events of the first-class honours degree niner months of 2021, including a 42% increase in terms of unexampled depositing customers and a 122% step-up inward revenue from Second Earl of Guilford American sports betting and casino (which accounted for 49% of the group’s revenue).

Daly concluded: “Financially, the mathematical group stands on a substantial foundation. During the billet we commenced a portion out buyback programme to optimise our uppercase body structure by returning working capital to shareholders.

"The acquisition of i15 Media assets underlined our on-going zeal to employ our financial strength when attractive business organization opportunities arise. That said, I foresee our growth inward the coming months as beingness for the most part organic as we accelerate the exciting journey of internationalising our products and decent a really world-wide forcefulness inward our industry.”