Catena Media reported operating income of €30.4 million in the second quarter of this year, an increase of 9% from the second quarter of 2020. iGaming’s North American revenue was up 37%, accounting for 41% of total revenue of the group.
In addition, adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) for the period totaled €14.9 million, up 1% from the same period last year, with new depositor customers (NDCs) growing 34% and reaching the 140,025 mark.
“I am extremely pleased with the group’s second quarter financial results, where we surpassed last year’s revenue by 9% and increased adjusted EBITDA by 1%,” said Catena Media CEO Michael Daly.
Daly continued: “This result represents a remarkable achievement considering the peak in casino gaming seen in the second quarter of 2020, when the COVID-19 pandemic-related lockouts generated an unprecedented surge in consumer interest and player activity.”
According to the CEO of Catena Media, “the results demonstrate the strength of our business model, as they came in the face of low sports activity in the US. This year’s reopening of terrestrial entertainment venues in North America and elsewhere has generated a sharp increase in product this second quarter compared to the same period last year.”
Catena Media acquired the US company, Lineups
Daly also highlighted the company’s acquisition of the US online sports affiliation group Lineups.com, which took place on May 4th.
“After a quick integration process, Lineups performed according to expectations, given the usual sharp drop in sports with the end of seasons. We expect strong performance from September, when the National Football League (NFL) resumes and player activity picks up.”
In the first half of 2021, Catena recorded a 31% increase in operating income to €71.1 million. North American iGaming revenues increased 121%, while EBITDA rose 44% to €40 million.