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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.