Catena Media reported another quarter of revenue growth in Q1 2026. Casino remained the main source of income despite search ranking volatility. Catena Media growth was also supported by CRM and subaffiliation activity.
- Revenue from continuing operations reached EUR 12.3m in Q1, up 26% year-on-year. Adjusted EBITDA increased to EUR 2.7m, giving the company a 22% margin. New depositing customers rose 58% to 34,573 during the quarter.
- North America generated 95% of total group revenue. Casino revenue increased 43% to EUR 10.9m, although Google search updates affected rankings during the quarter. The company said some lower-quality sites temporarily benefited from the changes.
- Catena Media growth in casino was supported by CRM activity and loyalty products. The company launched PlayPerks on PlayUSA.com in January as its first CRM product. More loyalty tools are expected to launch across other brands later this year.
- Subaffiliation revenue increased year-on-year despite a slower start to 2026. Catena Media also launched MRKTPLAYS+, which adds support services for publishing partners in iGaming. CEO Manuel Stan said the business has built “a strong pipeline of opportunities”.
- Sports betting remained a weaker area for the business during Q1. The company said prediction markets could become a larger opportunity because they are available across most of the US. Catena Media is also preparing for Alberta’s regulated market launch in July 2026.
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