Catena Media announced a report with preliminary results for the first quarter of 2021 with an “exceptionally strong performance”.<\/p>\n\n
Catena estimates that revenue will be in the range of \u20ac 39.1 million to \u20ac 40.4 million, an increase of 46 to 51% over the same period last year and a record in quarterly revenues for the company.<\/p>\n\n
EBITDA (earnings before interest, taxes, depreciation and amortization) is expected to be around 24 million euros, an increase of 85% to 94% compared to the same period last year, and again a quarterly historical milestone for the organization .<\/p>\n\n
\u201cCatena Media announced a powerful start in January, and since then, the business has continued to perform well throughout the first quarter, leading to estimated preliminary quarterly earnings and earnings, which significantly exceed market expectations,\u201d stated in a statement official announcement.<\/p>\n\n
And the note continued: \u201cThe solid result is due to the effort of a team dedicated to leveraging the strong momentum of the global business market. And in particular, the incredible performance of business in the United States, supported by the successful launch of operations in Michigan and Virginia during January. “<\/p>\n\n
In addition, Catena revealed that the numbers may end up slightly above or below expected margins, with the company scheduled to publish final results for the first quarter of this year on May 19.<\/p>\n\n
\u201cThis commercial update reaffirms our strong start to the year. And, I am excited and proud of our teams’ exceptional focus on driving our global affiliate brand portfolio and the performance achieved, \u201dsaid Catena Media CEO Michael Daly.<\/p>\n\n