Malta's Catena Media Q1 revenue rises on strength in Casino

Catena Media

12/05/2026 16:52

Overview

Malta lead generator's Q1 2026 revenue from continuing operations rose 26% yr/yr

Adjusted EBITDA from continuing operations jumped 191% yr/yr, margin improved to 22%

Company launched MRKTPLAYS+ platform to expand subaffiliate activities in iGaming

Outlook

Company says opening of Alberta's regulated market in July seen as significant opportunity

Catena Media expects to extend loyalty initiatives across core products in coming quarters

Company sees prediction markets as a key growth opportunity in online sports affiliation

Result Drivers

NORTH AMERICA GROWTH - Revenue in North America rose 34% yr/yr, accounting for 95% of group revenue

CASINO SEGMENT - Casino revenue climbed 43% yr/yr, though quarter-on-quarter decrease was driven by Google search algorithm volatility

PRODUCT DIVERSIFICATION - CRM and loyalty initiatives, including PlayPerks, contributed to user engagement and repeat monetisation

Company press release: ID:nMFN3fb7P1

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 12.30 mln
Q1 Adjusted EBITDA
EUR 2.7 mln
Q1 Adjusted EBITDA continuing operations
EUR 2.7 mln
Q1 Adjusted EBITDA Margin
22.00%
Q1 EBITDA continuing operations
EUR 2.60 mln
Q1 Revenue continuing operations
EUR 12.30 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the online services peer group is "buy."

Wall Street's median 12-month price target for Catena Media PLC is SEK2.30, about 8.7% below its May 11 closing price of SEK2.52

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)