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Catena Media ’s Year-end report 2020

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Catena Media ’s Year-end report 2020
Catena Media ’s Year-end report 2020Reading Time: 2 minutes

 

Strong start in January 2021 with year-on-year revenue growth of 58 percent and like-for-like organic revenue growth of 61 percent.

October – December 2020 (compared with October – December 2019)

Operating revenue amounted to EUR 26.6m (26.6) resulting in an increase of 0.3 percent.
Organic search revenue amounted to EUR 23.7m (23.3) resulting in an increase of 2 percent.
New Depositing Customers (NDCs) totalled 124,959 (113,283), an increase of 10 percent.
Adjusted EBITDA increased by 9 percent and totalled EUR 12.3m (11.3), corresponding to an adjusted EBITDA margin of 46 percent (42).
EBITDA, including items affecting comparability of EUR 0.1m (-2.8), increased by 46 percent and totalled EUR 12.4m (8.5), corresponding to an EBITDA margin of 47 percent (32).
Net cash generated from operating activities increased by 32 percent and amounted to EUR 11.9m (9.0).
Earnings per share amounted to EUR 0.11 (-0.53) before
dilution and EUR 0.07 (-0.50) after dilution.
Cash and cash equivalents amounted to EUR 29.9m (12.3) on 31 December.
Net interest-bearing liabilities (NIBL) amounted to EUR 57.0m (150.2) on 31 December, resulting in a leverage ratio (NIBL/Adjusted EBITDA) of 1.09 (3.46).
January – December 2020 (compared with January – December 2019)

Operating revenue amounted to EUR 106.0m (102.8) resulting in an increase of 3 percent.
Organic search revenue amounted to EUR 95.9m (88.3) resulting in an increase of 9 percent.
New Depositing Customers (NDCs) totalled 443,524 (436,706), an increase of 2 percent.
Adjusted EBITDA increased by 20 percent and totalled EUR 52.0m (43.5), corresponding to an adjusted EBITDA margin of 49 percent (42).
EBITDA, including items affecting comparability of EUR -1.9m (-3.0), increased by 24 percent and totalled EUR 50.1m (40.5), corresponding to an EBITDA margin of 47 percent (39).
Net cash generated from operating activities increased by 29 percent and amounted to EUR 49.0m (38.0).
Earnings per share amounted to EUR 0.20 (-0.18) before dilution and EUR 0.12 (-0.17) after dilution.
Cash and cash equivalents amounted to EUR 29.9m (12.3) on 31 December.
Net interest-bearing liabilities (NIBL) amounted to EUR 57.0m (150.2) on 31 December, resulting in a leverage ratio (NIBL/Adjusted EBITDA) of 1.09 (3.46).

“Catena Media had an exceptional ending to a strong quarter, breaking an all-time high in USD revenues in December, thanks to our ability to take and maintain dominant positions in both sports and casino across numerous states during the busiest sports season in the US.”

Michael Daly, CEO of Catena Media as of 1 March 2021

 

Year-end Key 2020 Takeaways

Increased Q4 Adj. EBITDA by 9 percent to EUR 12.3m.
Net debt (NIBL) down to EUR 57.0m (150.2) by year-end.
Soft start in the fourth quarter and strong ending in December 2020.
Sports segment back to normal pre-COVID-19 levels by year-end.
Headwinds in Germany for both Sports and Casino due
to the tolerance period for new regulations.
Trending to well above double-digit growth in 2021.
Our US iGaming Business developed well, with a share of 31 percent of total revenues in Q4 (43 percent growth) and 30 percent of total annual revenues (72 percent growth).
In December 2020 divested all shares in Catena Media Financials US Inc. (formerly Hammerstone Inc.).
Continued high investment in the US market to maintain our no. 1 position.
Strong start in January 2021 with year-on-year revenue growth of 58 percent.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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ACR POKER’S NEXT HIGH STAKES ADVENTURE COMES TO STUNNING MONTENEGRO WITH LIFE-CHANGING PAYOUTS

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ACR Poker’s High Stakes Adventures are the richest travel prize packages in poker and now they’ve unveiled the next destination with stunning Montenegro in Southeast Europe.

The High Stakes Adventure: Montenegro is guaranteeing two packages via a Main Satellite on Sunday, April 28th at 2:05pm ET. Each includes $110,000 in tourney buy-ins / entry fees to a Super High Roller Series from May 12th-26th, plus business class airfare and luxury accommodations.

“Our High Stakes Adventures in 2023 included world-class destinations like London and Monte Carlo, and we kicked off this year with exotic Jeju Island in South Korea,” stated ACR Pro Chris Moneymaker. “We predict Montenegro will be just as memorable with its rich history, breathtaking scenery and vibrant culture.”

Package winners can spread their $110,000 in buy-ins over multiple events or use it in one giant shot. Either way, they will compete for life-changing payouts against the world’s most elite players. Also making their way to Montenegro will be separate ACR Pro and Stormer package winners, adding to the VIP experience even more.

The Main Satellite on Sunday, April 28th costs $2,650 but Moneymaker noted that players can qualify for a fraction of the cost via their Super Satellites.

For more on the High Stakes Adventure: Montenegro, visit the promo page at ACRPoker.eu.

 

 

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Barcelona will take ‘extraordinary ICE to another level’ – predicts safer gambling expert

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Art Paikowsky has served as President of the International Center for Responsible Gaming (ICRG) since October 2021.  During this period, he has helped to more than double the level of resources secured by the organization resulting in over 25 studies currently being conducted. At ICE 2024 the ICRG was one of two safer gambling organisations to share the £41,000 pool raised by brands comprising Light and Wonder, Flutter, Betsson Group, IGT, Novomatic, Neccton and Playtech.

What are your overall impressions of ICE and how much are you looking forward to its relocation to Barcelona?

AP: “ICE itself is an amazing seamless exercise that is so fantastically well planned that it’s almost unbelievable.  With the continued upgrade in content, I believe that Clarion is committed to improvement which I have experienced each year.  Barcelona is one of my personal favorite European cities, the conference center is in an excellent location and the food is to die for. I can only expect that the move will take an already extraordinary event to another level.”

Have you decided how you will be using the £20,500 – is there a specific project or piece of research that it will fund/help fund?

AP: “We were surprised and elated to receive the award and we are very grateful to Clarion for all that it has done on behalf of ICRG.  One of the methods of funding research is that investigators from all over the world apply for grants from our unrestricted funds.  These requests are reviewed independently by the Scientific Advisory Board and are awarded several times throughout the year.  These funds are a significant allocation to our grant pool.”

How important is it for a major b2b gambling event to have a show feature that’s dedicated to safer gambling?

AP: “Even as recently as a couple of years ago at conferences that I attended it was difficult to locate anything featuring safer gambling.  Not only did ICE feature this important topic but the content was of such value that it was difficult to get a seat at the sessions! Thanks should go to Clarion for its leadership here.”

From a safer gambling perspective what were the main talking points at ICE 2024?

AP: “The UK government’s White Paper was very much in the mind’s eye and there was a great deal of attention as to how technology might impact safer gambling.  Our research has identified emerging adults as an at risk market and the accessibility of gambling options on the phone must be examined more closely: we have several studies underway to learn more about this.  Sports betting, regulation and advertising were all top of mind.”

2024 marks your 25th anniversary year – how good was it to celebrate the landmark at ICE?

AP: “One of the things that I noted when I started at ICRG two and a half years ago was that the organization had done terrific work but generally flew under the radar screen.  To launch our 25th anniversary year at ICE with the exposure that we received and the recognition as Charity of the Year was of tremendous value.  This will help stage both our 25th anniversary golf tournament in May in Las Vegas as well as our signature educational conference scheduled in October.”

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Endorphina releases its newest title – Jolly Queen!

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One of the top casino game providers, Endorphina, has announced the release of its brand-new title, Jolly Queen, which will join its portfolio on April 27th. Jolly Queen is a 5-reel, 5-row fruit slot with 50 fixed paylines, introducing players to the lifestyle of the nobles.

On top of the aristocratic ambiance, Jolly Queen provides players with Free Games, allowing them to master the reels. During the Free Games, at least one Expanding Wild Joker is guaranteed to appear on the screen.

Furthermore, Jolly Queen also features the Royal Treasures Pick Game, enabling players to get a taste of the noble lifestyle. In the Bonus Game, players can choose from three gold-filled treasure chests, containing prizes of 10x, 30x, and 50x their total bets.

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