Catena Media has reported its Q4 2023 and FY2023 results， highlighting “a weak quarter as extensive investments deploy to secure future organic growth.” 

Q4 2023 

Revenue from continuing operations in the final quarter of 2023 was €14.5m ($15.6m)， underlining a significant decrease of 41%， with revenue in North America decreasing by 43% to €12.3m. The revenue in North America during the quarter was equivalent to 85% of group revenue from continuing operations.  

Adjusted EBITDA also dropped significantly， by 88%， to a value of €1.5m， which led to an adjusted EBITDA margin of 10%. 

FY2023 

For Catena’s full year 2023 revenue，Online Casino Games the change wasn’t as large， but still represented a decrease. Revenue from continuing operations was €76.7m， representing a fall of 22%. The North American market revenue fell by 21% and was equivalent to 87% of group revenue from continuing operations. 

For adjusted EBITDA， it decreased by 47% to €25.4m during the full year of 2023， corresponding to an adjusted EBITDA margin of 33%.