Stockholm-listed Catena Media has seen revenue more than double to a record €15.2m for the first quarter of 2017, benefiting from a significant increase in new depositing customers (NDC) during the period.

Revenue from the company's Search business generated revenue of €10.9m, up 99 per cent year-on-year, driven by organic growth and through recent acquisitions.

The Paid revenue segment grew to €3.7m due to pay-per-click (PPC) traffic and the inclusion of results from the SBAT acquisition last year.

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