Short-term earnings impact as stronger financial position enables transition to more sustainable revenue model
Catena Media plc Interim Report January – September 2023 Highlights · Group revenue decreased by 28 percent in Q3, primarily reflecting a strategic transition of some contracts in North America from CPA to revenue share. · In North America, 17 percent of new depositing customers (NDCs) were recruited under revenue share deals in Q3. In September, this number increased to 24 percent. · The North American EBITDA margin of 44 percent (56) in Q3 remained strong despite the revenue share transition and stronger competition. · The sale of the group’s Italian online sports betting