Catena Media experienced an exceptional third quarter in 2017, with income soaring by 61% year-over-year. This represented their most successful quarter to date!
Their fiscal statement disclosed an impressive €17.26 million in earnings, a substantial leap from the €10.73 million generated during the corresponding period the previous year.
The company witnessed remarkable growth in new depositing clients – a 79% surge compared to the same timeframe a year earlier! They attracted an unprecedented 100,741 new depositing customers, up from 56,352 the prior year.
Profitability also reached new heights. Operating income reached €7.57 million, a 44% increase from the €4.65 million recorded in the third quarter of 2016. EBITDA experienced a similar upswing, rising from €4.93 million in 2016 to €8.81 million in 2017.
Henrik Persson Ekdahl, Catena’s acting CEO, expressed his enthusiasm. “Both casino and sports segments performed exceptionally well in the third quarter,” he stated, “and we anticipate this upward trajectory to persist into the fourth quarter. We are fully engaged in preparations for the Winter Olympics and FIFA World Cup in 2018.”
He further remarked, “We possess immense confidence in our strategic direction, operational efficiency, and financial results, and we eagerly embrace future opportunities.”
In line with embracing new ventures, the company recently acquired the online poker information and comparison platform PokerScout.com for $35 million. This move underscores their commitment to capitalizing on the expanding online gambling market, particularly in light of Pennsylvania’s recent legalization of internet gaming.
In his concluding statements, Ekdahl illuminated the organization’s decision, noting that Catena Media foresees consistent expansion in Pennsylvania and intends to be completely functional within the coming 9 to 12 months. He stressed their possession of premium web addresses such as PlayUSA.com, PlayPennsylvania.com, and USPoker.com, underscoring their tactical significance. Ekdahl confirmed that this initiation corresponds with Catena Media’s broader development plan of strengthening its position within the American marketplace.