Catena Media Experiences 73% Revenue Surge Fueled by Strategic Acquisitions
The marketing and lead generation leader, Catena Media, experienced a substantial 73% revenue increase in the preceding year. This remarkable expansion stemmed from a series of tactical acquisitions, enabling Catena to penetrate emerging territories and industries.
The Malta-based company unveiled its interim report, highlighting a robust second quarter with €26.1 million (roughly $29.9 million) in revenue. This upward trajectory persisted throughout the initial six months, with revenue reaching €50 million (approximately $57.3 million), representing a 65% year-over-year climb.
Catena’s profitability similarly surged, with earnings before interest, taxes, depreciation, and amortization (EBITDA) hitting €22.5 million (around $25.8 million), a 67% leap compared to the corresponding period last year. This translated to a robust EBITDA margin of 45%.
A primary catalyst for this achievement was a 59% surge in new depositing clients, propelling the total figure beyond 270,000.
Catena’s strategic foray into the Italian market through the purchase of ASAP ITALIA for €16 million (approximately $18.3 million) demonstrated a savvy maneuver. Bolstering its European footprint further, the company acquired ParisSportifs.com, a prominent French sports betting affiliate, for €8.2 million (roughly $9.4 million).
Expanding into fresh and promising sectors like financial services also played a pivotal role in Catena’s growth. The acquisition of TheHammerstone.com, a US-based private equity services company, and TheBull.com.au, a premium Australian stock market and news analysis platform, secured a diversified revenue stream for the company.