Affiliate marketing leader, Catena Media, announced €110.1 million ($117.3 million) in earnings for 2022 from its ongoing business segments. This signifies a robust 7% rise compared to the prior year.
Unsurprisingly, North America led the pack, generating a substantial €84.5 million, a considerable 77% of the group’s overall earnings. This area experienced an impressive 24% expansion year-over-year. They secured an outstanding 354,050 new depositing clients, a 2% uptick from the preceding year.
However, owing to reorganization initiatives within the firm, their earnings before interest, taxes, depreciation, and amortization (EBITDA) for continuing operations witnessed a decline of 16%, reaching €5.01 million. This led to an adjusted EBITDA margin of 46%.
Despite the restructuring hurdles, Catena Media maintains a positive outlook. The corporation emphasized a strong conclusion to the year, particularly within the North American market, driven by the introduction of online sports wagering in Maryland. This contributed to a 31% surge in North American earnings in the final quarter. In total, the group’s revenue from continuing operations leaped by 15% in this concluding quarter.
Michael Daly, Chief Executive Officer of Catena Media, conveyed his appreciation to the staff for their diligence and commitment throughout 2022, establishing the groundwork for sustained expansion and achievements.
Im genuinely amazed by the team’s unwavering commitment to our work, especially amidst these ongoing shifts. It hasn’t been simple, but your steadfastness is highly valued.”
On a separate note, did you catch wind of our rival, Better Collective, making an unexpected play by acquiring a portion of Catena Media? It seems the competitive landscape is becoming quite intense!
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