Catena Media, a leading performance marketing company within the iGaming industry, has just released its second quarter financial report for 2021. Despite an overall decline in revenue, the company’s casino segment saw a significant 3% increase in comparison to the previous quarter.
The Q2 report reveals that Catena Media’s total revenue for the quarter stood at €27.6 million, representing a 3% decrease from the previous quarter. However, the company’s casino segment saw a notable increase in revenue, amounting to €19.5 million. This growth can be attributed to Catena Media’s continued focus on acquiring high-quality casino traffic and generating strong leads for its casino partners.
According to the report, the company’s organic growth within the casino segment has been particularly strong, with a significant increase in both new depositing customers and revenue per customer. This has allowed Catena Media to further solidify its position as a key player in the casino affiliate marketing space.
Despite the overall decline in revenue, Catena Media remains optimistic about its future prospects within the iGaming industry. The company continues to invest in its core business activities, focusing on enhancing its technology and expanding its reach in key markets.
In addition to its casino segment, Catena Media also saw growth in its sports segment, with revenue increasing by 1% in comparison to the previous quarter. The company’s financial services segment, however, experienced a 15% decline in revenue, which can be attributed to the challenging market conditions within the sector.
Commenting on the Q2 report, Catena Media CEO Michael Daly said, “We are pleased to see growth in our casino segment, which is a testament to our strong focus on acquiring high-quality casino traffic and generating strong leads for our partners. Despite the overall decline in revenue, we remain confident in our ability to drive growth and create long-term value for our shareholders.”
Overall, Catena Media’s Q2 report highlights the company’s resilience and adaptability in the face of challenging market conditions. With a strong focus on its core business activities and a commitment to innovation, the company is well-positioned to navigate the evolving landscape of the iGaming industry and achieve continued success in the future.