Lower revenue while accelerating progress to rightsize the business for financial strength and long-term value creation
Catena Media plc Interim Report January – June 2023 Highlights · Revenue decreased by 16 percent in North America amid a temporary slowdown in state openings. Total group revenue from continuing operations decreased by 16 percent. · North American EBITDA margin of 41 percent, despite negative revenue impact of reduced marketing spend by operators. · A media partnership was signed with Lee Enterprises Inc, a major US newspaper publisher. · The group estimates, based on current net debt on 30 June, a notional net cash position of EUR 10.6m when including expected future