The affiliate marketing network experienced a double-digit growth during the third quarter of the year.
Sweden.- Affiliate marketing company Catena Media has released its latest financial report, which indicates that during the third quarter of the year revenues increased 60% and totalled €23 million, as well as year-to-date corporate revenues of €77 million.
The company also reported that adjusted EBITDA excluding non-recurring costs increased by 43% and totalled €13.6 million, corresponding to an adjusted EBITDA margin of 49%. Net cash generated from operating activities was €10.2 million. “There are a number of figures that clearly demonstrate the strong performance of our business model – EPS accelerating by 50 percent this quarter is one of them,” said Pia-Lena Olofsson, CFO of Catena.
The third quarter of the year was characterised by changes in the Board of Directors, as Anders Brandt voluntarily resigned and Öystein Engebretsen filled the vacant board seat. Catena Media also consolidated its lead in the financial vertical by acquiring premium Forex industry news website LeapRate.com.
“It’s my belief that Catena Media’s business, through being in the sweet spot of the value chain, has substantial growth opportunities ahead,” said Per Hellberg, CEO of the company.