Catalyst Media Reports Interim Loss Amid SIS Challenges and Growth in eSports

An update from Catalyst Media ( (GB:CMX) ) is now available.

Catalyst Media Group PLC reported a net loss of £0.41 million for the six months ended December 2024, reflecting a challenging period for its associate company, Sports Information Services (SIS). Despite a decline in SIS’s revenues and profitability, the company secured an extension to its distribution agreement with Racecourse Media Group and saw significant growth in its non-racing business, particularly in eSports. However, delays in onboarding new customers affected profitability, and SIS anticipates a year-on-year decline in profits due to changes in Greyhound rights and ongoing investments.

More about Catalyst Media

Catalyst Media Group PLC (CMG) is a company with a significant stake in Sports Information Services (SIS), which provides integrated television and data services to Licensed Betting Offices in the UK, Ireland, and overseas. CMG’s main asset is its 20.54% shareholding in SIS, which is involved in the racing and non-racing content sectors, including eSports and Numbers.

YTD Price Performance: -32.89%

Average Trading Volume: 3,338

Technical Sentiment Signal: Buy

Current Market Cap: £10.73M

For an in-depth examination of CMX stock, go to TipRanks’ Stock Analysis page.