Catena Media experienced a phenomenal Q3 in 2017, with income soaring by 61% compared to the previous year. This period represented the organization’s most lucrative quarter to date.
This remarkable expansion was driven by a surge in new depositing clients, which increased by an astounding 79% compared to the corresponding period the year before. Catena Media generated a substantial 17.26 million euros in income, considerably surpassing the 10.73 million euros earned during the third quarter of 2016.
The company’s profitability also witnessed significant enhancement. Operational earnings saw a 44% leap to 7.57 million euros, while EBITDA (earnings before interest, taxes, depreciation, and amortization) climbed from 4.93 million euros to 8.81 million euros.
Henrik Persson Ekdahl, acting Chief Executive Officer of Catena, expressed enthusiasm about the outcomes. He emphasized the robust performance of both the casino and sports wagering divisions, a pattern anticipated to persist into the fourth quarter. He also noted the forthcoming Winter Olympics and FIFA World Cup in 2018 as promising prospects for further expansion.
Catena Media is undoubtedly positioning itself for sustained triumph. The company recently purchased PokerScout.com, a leading online poker information and comparison platform, for $350,000. This strategic maneuver, combined with their intentions to leverage the legalization of online gaming in Pennsylvania, illustrates their ambition and proactive strategy. The outlook appears positive for Catena Media as they continue to strengthen their presence within the online gaming sector.
In conclusion, Ekdahl illuminated the schedule for this action, indicating that Catena Media projects a phased implementation of their activities in Pennsylvania, targeting full operation within the upcoming 9 to 12 months. He emphasized their remarkable domain holdings, encompassing influential sites like PlayUSA.com, PlayPennsylvania.com, and USPoker.com, stressing their tactical edge in the sector. Ekdahl confirmed that this initiation signifies a crucial move in Catena Media’s wider expansion plan, reinforcing their already substantial footprint in the American market.
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