Sweden · Delayed Price · Currency is SEK Catena Media Earnings Call Transcripts
Fiscal Year 2025
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Q4 saw revenue rise 53% year-over-year to EUR 15.6 million and adjusted EBITDA surge over 200%, driven by strong casino growth, operational efficiency, and revenue diversification. North America contributed 98% of revenue, while regulatory and search volatility remain key risks.
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Q3 saw 9% year-on-year and 22% sequential revenue growth, with adjusted EBITDA margin doubling to 25% due to cost optimization and revenue diversification. North America drove 96% of revenue, while regulatory and search-related headwinds remain key risks.
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Q2 revenue stabilized at €9.6 million, with adjusted EBITDA margin more than doubling to 14% as cost reductions and tech consolidation took effect. North America drove 90% of revenue, and performance marketing channels reached all-time highs, offsetting SEO challenges.
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Q1 revenue declined 3% sequentially and 39% year-on-year, with adjusted EBITDA margin dropping to 9%. Major cost-cutting measures and tech consolidation are expected to yield EUR 5–6 million in annual savings, while interest payments on hybrid capital securities will be deferred to preserve liquidity.
Fiscal Year 2024
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Profitability improved for a second consecutive quarter, with the highest adjusted EBITDA margin since Q3 2023, despite a 30% year-over-year revenue decline. Cost reductions and strategic divestments led to a net cash position, while growth initiatives and new market launches are expected to drive a return to double-digit organic growth in 2025.
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Q3 revenue declined 33% year-over-year, with sports and international segments underperforming, but cost reductions and a new organizational structure improved adjusted EBITDA margin and profitability. The company is shifting strategy to focus on organic growth and less reliance on new market launches.
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Q2 saw a 14% revenue decline and 67% drop in adjusted EBITDA, but North American casino revenue grew 13% year-over-year. Cost reductions from terminated media partnerships and a new product-focused strategy are expected to drive a return to growth in H2 2024.