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Catena Media sees Q3 revenue decline 6% despite strong US growth

19th November 2020 9:58 am GMT

Shares in Catena Media slumped by more than 13 per cent in Stockholm Thursday after the lead generation specialist posted a 6 per cent fall in third quarter revenue to €24.9m.

Revenue from the company's core casino business declined by 2 per cent to €16.0m as new depositing customers (NDCs) fell by 5 per cent to 94,710, while sports betting revenue decreased by 13 per cent year-on-year to €7.5m, as growth slowed due to lower margins [...]

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