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Catena Media shares slump as Q3 revenue falls 28%

21st November 2023 10:29 am GMT

Stockholm-listed affiliate Catena Media has reported a 28 per cent decrease in revenue from continuing operations to €15.9 million for the third quarter of 2023.

The year-on-year decline primarily reflects a strategic transition of some contracts in North America from cost per acquisition (CPA) to revenue share, while new depositing customers (NDCs) from continuing operations declined by 34 per cent to 44,986.

In North America, revenue fell by 29 per cent to €13.3 million, with 17 per [...]

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