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Catena Media ( (SE:CTM) ) just unveiled an update.
Catena Media has announced its preliminary financial results for Q1 2025, revealing a slight decline in revenue and adjusted EBITDA compared to the previous quarter. In response to the reduced margins, the company is implementing cost optimization measures, including a 25% reduction in headcount and technical consolidation changes, aiming to achieve significant annual cost savings. Additionally, the board has decided to defer interest payments on its hybrid capital security to secure long-term financial stability and support future investments, despite the challenges faced.
More about Catena Media
Catena Media is a leader in generating high-value leads for operators of online casino and sports betting platforms. The company, headquartered in Malta, operates a large portfolio of brands that guide users to customer websites, enhancing the player experience globally. Catena Media is listed on Nasdaq Stockholm Small Cap and employs over 100 people worldwide.
Average Trading Volume: 72,780
Current Market Cap: SEK148.2M
For a thorough assessment of CTM stock, go to TipRanks’ Stock Analysis page.