Scandinavian affiliate marketer reports a good half-year

Affiliate marketing group Catena Media issued its H1-2017 report this week, illustrating how its strategy of expansion through acquisitions is working for it.

Highlights from the report include:

* Group revenues up 78 percent at Euro 30 million;

* Search revenues at an all-time-high of Euro 11.53 million, an increase of 58 percent year-on-year;

* Growing player acquisition and lead generation services for online casinos and sports betting operators;

* Operating profits of Euro 12 million (H1 2016: Euro 8.25 million);

* Adjusted EBITDA an all-time high at Euro 7.95 million, with a margin of 53 percent.

CEO Robert Andersson said the strong growth is continuing as H2 develops and reported:

“We referred 91,222 NDCs to our clients in Q2-2017, an increase of 92 percent year-on-year and an increase of 13 percent compared to the first quarter. The strong development of this key performance indicator is a reflection that the underlying business development continues to be strong and healthy.

“Search revenues are at an all-time-high of Euro 11.53 million, an increase of 58 percent year-on-year, and an increase of 5 percent compared to the previous quarter despite a negative impact of Euro 300,000 as a result of withdrawing from the Dutch market.” (see previous reports).

“Paid revenues amounted to Euro 3.11 million, an increase of 35 percent year-on-year.”