Malta-based Catena Media experienced a 58 per cent year-on-year revenue growth of 58 per cent in January, the company reported on Wednesday.
Catena Media is a sector leader in lead generation within iGaming and financial services and records over five million monthly users. It is based at a seafront HQ in Ta'Xbiex, Malta.
Its year-end report revealed a booming business, with January 2021 seeing annual like-for-like revenue growth of 61 per cent.
Catena’s incoming CEO Michael Daly commented the company “had an exceptional ending to a strong quarter, breaking an all-time high in USD revenues in December, thanks to [its] ability to take and maintain dominant positions in both sports and casino across numerous states during the busiest sports season in the US.”
Key takeaways from the report show that the company’s net debt decreased to €57 million by year-end.
It also shows that by the end of 2020, its sports betting segment was back to its normal pre-COVID levels.
Its US iGaming business developed well, growing 72 per cent to constitute a 30 per cent share of the company’s total annual revenues.
The company made headwinds in Germany for both its sports and casino offerings due to a tolerance period for new regulations.
In 2020, Catena reported regular voluntary repayments of its outstanding bonds.
The company’s growth is expected to continue in 2021. Already, in January, the company revealed it had successfully boosted its US portfolio with two new markets in Virginia and Michigan.
In December, the company announced a strategic partnership agreement with Betway, which Gloria Cereda, director of commercial describing how the agreement “cements [the company’s] already deep relationship with Betway globally”, and saying the company expects to sign more similar deals in the future.
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