igbaffiliate . com
What ’ s your view ? Tweet @ iGamingBusiness
15
Chart 4 : Catena Media US vs RoW split Q420-Q322 (%)
70 69
65 65
60 59
58
55 55
%
50
52
48
45 45
40
41
42
35 35
30
31 Q420 Q121 Q221 Q321 Q421 Q122 Q222 Q322
US (%) RoW (%)
Chart 5 : Catena Media revenue progression Q420-Q322 (€ m )
45 45.2
40 40.7
|
€ m
35
30
25
|
26.6 |
30.4 |
33.1 |
31.9 |
28.9 |
32.3 |
20 |
|
|
|
|
|
|
15 |
|
|
|
|
|
|
10 |
|
|
|
|
|
|
5 |
|
|
|
|
|
|
0 |
|
|
|
|
|
|
Q420 Q121 Q221 Q321 Q421 Q122 Q222 Q322
Source : Company reports
the near term : to ensure that every euro spent anywhere was weighed against the value of investing that same euro in North America .”
SWINGS AND ROUNDABOUTS
As was spoken about in the analysis of Better Collective ’ s
US revenues , it is clear that seasonality affects Catena ’ s revenue profile even more . As can be seen , its revenues have in the past two years peaked in Q1 , which is the apex for the US sporting calendar .
The swings are even more pronounced when it comes to the EBITDA picture . As can be
March 2023