The affiliate marketing company reported a 0.4% decrease in revenues in the first six months of the year.
US.- Catena Media has released its latest financial report that shows that second quarter and first half results were not positive. Revenues in Q2 fell 9% to €23.7 million, which led to a 0.4% fall in H1 revenues to €49.8 million.
EBITDA in the second quarter decreased 22% to €9.4 million and 8% to €22.5 million in the first six months of the year. The affiliate’s number of new depositing customers decreased 29% in Q2 and 18% in H1.
Moreover, the company said that net cash from operating activities increased 20% to €10.5 million in the second quarter. For the first six months of the year, the number rose 3% to €19.5 million.
Catena CEO Per Hellberg said: “We have completely rebuilt many of our sites, improved our business model and prepared expansion into new markets.” Through new acquisitions in recent years, Catena is betting on long-term businesses.