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Cost efficiency measures boost Catena Media first quarter profit

29th April 2020 10:03 am GMT
SBTech

Shares in Catena Media were trading more than 18 per cent higher in Stockholm Wednesday morning after the lead generation specialist revealed that preliminary revenue for the first quarter of 2020 was up 2 per cent to €26.7m.

The company said that it experienced limited negative operational effects from COVID-19 during Q1, with 61 per cent of revenue derived from the casino segment, which performed well during the period with traffic and new depositing customers (NDCs) [...]

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