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Catena Media shares slump as Q2 revenue and profit declines

19th August 2019 7:54 am GMT
Catena Media

Stockholm-listed online lead generation specialist Catena Media has posted a 9 per cent decline in revenue to €23.7m for the second quarter of 2019, as new depositing customers fell by nearly a third compared to last year.

Revenue came in below the company’s expectations following regulatory impacts in the UK and France, ongoing weakness in Sweden, and the traditionally slower months for sports betting in May and June.

New depositing customers (NDCs) were down by 29 per [...]

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