{"id":48,"date":"2024-06-12T10:02:12","date_gmt":"2024-06-12T07:02:12","guid":{"rendered":"https:\/\/cryptoleopromocode.icu\/2024\/06\/12\/catena-media-rides-online-gaming-wave-to-record-revenue-in-first-half-of-2020\/"},"modified":"2024-06-13T12:04:08","modified_gmt":"2024-06-13T09:04:08","slug":"catena-media-rides-online-gaming-wave-to-record-revenue-in-first-half-of-2020","status":"publish","type":"post","link":"https:\/\/cryptoleopromocode.icu\/2024\/06\/12\/catena-media-rides-online-gaming-wave-to-record-revenue-in-first-half-of-2020\/","title":{"rendered":"Catena Media Rides Online Gaming Wave to Record Revenue in First Half of 2020"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/gEfL2QFny9g\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Catena Media, an organization specializing in promotion for the internet gaming sector, witnessed a revenue surge of 9% during the initial six months of 2020, attaining \u20ac54.5 million (equivalent to $65 million). This expansion was significantly driven by a robust second quarter, which observed a 17% leap to \u20ac27.8 million.<\/p>\n<p>This upward trajectory was ascribed to the online gambling sector&#8217;s ability to withstand the COVID-19 crisis.  While brick-and-mortar casinos encountered shutdowns and dwindling earnings, internet-based platforms saw a spike in engagement as stay-at-home orders and limitations confined individuals to their residences. This resulted in unprecedented financial outcomes for numerous online gaming providers, encompassing those collaborating with Catena Media.<\/p>\n<p>Catena&#8217;s second-quarter performance even eclipsed the first, suggesting an acceleration in online gaming participation as the pandemic&#8217;s consequences escalated. The company&#8217;s earnings before interest, taxes, depreciation, and amortization (EBITDA) expanded by 34% to \u20ac27.7 million for the first half of the year, with the second quarter exhibiting a substantial 56% rise to \u20ac14.8 million.<\/p>\n<p>Notably, although the initial six months saw a minor decrease in new depositing clients, the second quarter rallied with a 4% growth, reaching 104,326.<\/p>\n<p>Per Hellberg, Chief Executive Officer of Catena Media, emphasized the company&#8217;s all-time high profits and the impressive performance of natural search revenue. Nevertheless, despite the favorable financial outcomes, Catena&#8217;s stock value experienced a decline following the disclosure, reflecting the unpredictable nature of the market. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Catena Media, an organization specializing in promotion for the internet gaming sector, witnessed a revenue surge of 9% during the initial six months of 2020, attaining \u20ac54.5 million (equivalent to $65 million). This expansion was significantly driven by a robust second quarter, which observed a 17% leap to \u20ac27.8 million. This upward trajectory was ascribed [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Online Gambling Booms: Catena Media Reports 9% Revenue Surge<\/title>\n<meta name=\"description\" content=\"Catena Media, a major player in online gambling promotion, saw revenue jump 9% in early 2020, hitting \u20ac54.5 million. Discover why the online gambling sector is thriving even amidst a global crisis.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoleopromocode.icu\/2024\/06\/12\/catena-media-rides-online-gaming-wave-to-record-revenue-in-first-half-of-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Catena Media Rides Online Gaming Wave to Record Revenue in First Half of 2020\" \/>\n<meta property=\"og:description\" content=\"Catena Media, a major player in online gambling promotion, saw revenue jump 9% in early 2020, hitting \u20ac54.5 million. 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