Notwithstanding the effects of the COVID-19 outbreak, Catena Media anticipates all-time high income and earnings for the second quarter of 2020.
In a business update, the affiliate marketing firm stated that it anticipates revenue for the April-June timeframe to hit €27.7 million ($31.7 million), a 17% rise year-over-year. Adjusted EBITDA is predicted to be in the range of €14.5 million to €14.8 million, a fresh quarterly earnings record and a 52% surge compared to 2019.
Catena credited the revenue and earnings expansion to robust results from its casino division, which saw its proportion of revenue climb as sports wagering came to a halt between March and May.
The affiliate powerhouse had indicated back in March that it would concentrate on online casino to counterbalance the absence of sporting contests, with both its AskGamblers and Japanese enterprises attaining record revenue periods during Q2.
Catena’s sports betting operations were unavoidably affected by the global health crisis, though it did rebound towards the quarter’s conclusion with the resumption of all major soccer leagues.
New depositing clients (NDCs) in Q2 declined 13% quarter-on-quarter, but were higher by 4% year-on-year to 104,000.
“Considering the unprecedented worldwide conditions, Q2 was a very difficult quarter, and we are thus delighted to report that the steps implemented within the company have enabled us to produce the most successful quarter in the company’s existence,” remarked Catena Media CEO Per Hellberg.
The Q2 earnings announcement from Catenas is projected for release on August 19th.
