{"id":144,"date":"2024-06-16T08:25:59","date_gmt":"2024-06-16T05:25:59","guid":{"rendered":"https:\/\/nodepositfreespins.icu\/2024\/06\/16\/catena-media-projects-strong-q4-growth-driven-by-north-american-sports-betting-expansion\/"},"modified":"2024-06-17T13:09:39","modified_gmt":"2024-06-17T10:09:39","slug":"catena-media-projects-strong-q4-growth-driven-by-north-american-sports-betting-expansion","status":"publish","type":"post","link":"https:\/\/nodepositfreespins.icu\/2024\/06\/16\/catena-media-projects-strong-q4-growth-driven-by-north-american-sports-betting-expansion\/","title":{"rendered":"Catena Media Projects Strong Q4 Growth Driven by North American Sports Betting Expansion"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/5Q2gj3pNo8s\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A top online gaming affiliate, Catena Media, anticipates a robust conclusion to 2022, forecasting a 31% upswing in North American earnings for the final quarter. This area now constitutes a significant 78% of their overall income, projected to reach \\$16.4 million. <\/p>\n<p>This notable expansion is driven by the successful introduction of sports wagering in Maryland and Ohio, with the latter proving especially profitable for Catena.  In total, the firm predicts a 15% climb in overall revenue, hitting \\$23.8 million for the quarter.<\/p>\n<p>Despite an expected impairment expense of \\$7.8 million, Catena projects a 14% boost in adjusted EBITDA, reaching \\$9.4 million. Chief Executive Michael Daly conveyed contentment with the company&#8217;s strategic growth in North America, emphasizing the recent divestment of AskGamblers as a crucial action.  Looking forward, Catena has designated Carnegie Investment Bank as their new financial counsel, indicating potential upcoming expansion and investment. <\/p>\n<p>The firm is contemplating its trajectory and engaging in discussions with a financial institution and several other entities that have expressed interest in acquiring portions of the business, or potentially the entirety of its operations. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A top online gaming affiliate, Catena Media, anticipates a robust conclusion to 2022, forecasting a 31% upswing in North American earnings for the final quarter. This area now constitutes a significant 78% of their overall income, projected to reach \\$16.4 million. This notable expansion is driven by the successful introduction of sports wagering in Maryland [&hellip;]<\/p>\n","protected":false},"author":42,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Catena Media Roars: 31% US Revenue Surge Predicted for Q4<\/title>\n<meta name=\"description\" content=\"Catena Media, a leading online gaming affiliate, is set to finish 2022 strong with a projected 31% revenue jump in North America, fueled by the booming sports wagering market. 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