Catena Media (CTM) AI Stock Analysis

• Market Cap: $196.23M
• Dividend Yield: N/A
• Average Volume (3M): 116.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.30
• Revenue Growth: -25.10%
• EPS Growth: 82.01%
• Country: SE
• Employees: 173
• Sector: Communication Services
• Sector Strength: 97
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): -2.12
• Shares Outstanding: 78,773,420
• 10 Day Avg. Volume: 192,407
• 30 Day Avg. Volume: 116,689
• PEG Ratio: -0.02
• Price to Book (P/B): 0.20
• Price to Sales (P/S): 0.49
• P/FCF Ratio: 178.88
• Enterprise Value/Market Cap: 2.34
• Enterprise Value/Revenue: 11.42
• Enterprise Value/Gross Profit: 13.84
• Enterprise Value/Ebitda: -12.27
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: kr2.00 ▲(10.50% Upside)

Catena Media's overall stock score reflects significant financial challenges, with declining revenues and persistent losses. Technical indicators suggest bearish momentum, and valuation metrics are unattractive due to negative earnings. While the earnings call provided some positive insights, these are overshadowed by ongoing financial and market challenges.

Catena Media Business Overview & Revenue Model

Company Description

Catena Media (CTM) is a leading performance marketing company specializing in the online gambling and sports betting sectors. The company operates a portfolio of websites that provide information, reviews, and comparisons of various gambling operators. By leveraging its digital marketing expertise, Catena Media connects users with online gaming providers, facilitating customer acquisition and retention for these operators. Its core services include affiliate marketing, content production, and data-driven insights, primarily targeting markets in Europe and North America.

How the Company Makes Money

Catena Media generates revenue primarily through affiliate marketing, where it earns commissions for directing traffic to online gambling operators. The company's revenue model is based on a cost-per-acquisition (CPA) structure, meaning it receives payments from operators each time a referred customer registers and makes a deposit. Key revenue streams include performance-based commissions, which can vary based on the type of gambling service utilized (e.g., sports betting, casino games). Additionally, Catena Media may earn revenue through advertising placements on its websites and strategic partnerships with online gaming operators, enhancing its market reach and financial performance. The company's extensive network of affiliate websites across various jurisdictions further contributes to its earnings, enabling it to capitalize on the growing online gambling market.

Catena Media Financial Statement Overview

Summary

Catena Media faces significant financial challenges, with declining revenues and persistent losses impacting profitability. While the balance sheet shows manageable leverage, the negative return on equity and declining asset base are concerning. Cash flow improvements are a positive sign, but the company needs to address its operational inefficiencies and enhance revenue generation to improve its financial health.

Income Statement

Catena Media's income statement shows significant challenges, with declining revenue and negative profit margins. The TTM data indicates a revenue decline of 7.39% and a net profit margin of -107.06%, reflecting substantial losses. The EBIT and EBITDA margins are also negative, indicating operational inefficiencies. Historical data shows a consistent downward trend in revenue and profitability, highlighting the need for strategic improvements.

Balance Sheet

The balance sheet reveals a moderate debt-to-equity ratio of 0.18 in the TTM period, suggesting manageable leverage. However, the return on equity is negative, indicating that the company is not generating positive returns for shareholders. The equity ratio is stable, but the declining equity and asset base over time are concerning.

Cash Flow

Cash flow analysis shows some positive aspects, with a significant increase in free cash flow growth of 57.81% in the TTM period. The operating cash flow to net income ratio is 0.19, indicating limited cash generation relative to net losses. Despite the positive free cash flow growth, the overall cash flow position is strained due to ongoing losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	40.24M	49.64M	76.75M	110.12M	136.11M	105.99M
Gross Profit	33.20M	38.65M	63.31M	98.74M	120.62M	95.91M
EBITDA	-37.46M	-40.59M	-11.21M	49.05M	-405.00K	33.77M
Net Income	-43.03M	-48.21M	-38.24M	25.62M	-7.17M	12.52M
Balance Sheet
Total Assets	122.89M	146.81M	242.03M	322.63M	366.17M	340.86M
Cash, Cash Equivalents and Short-Term Investments	6.63M	8.48M	38.51M	23.87M	26.96M	28.75M
Total Debt	177.00K	21.85M	57.59M	76.66M	88.75M	90.50M
Total Liabilities	3.28M	23.98M	66.84M	100.11M	137.65M	100.74M
Stockholders Equity	119.61M	122.83M	175.18M	222.52M	228.52M	240.12M
Cash Flow
Free Cash Flow	3.59M	137.00K	19.91M	26.87M	22.45M	37.30M
Operating Cash Flow	5.53M	2.66M	20.04M	56.38M	65.80M	48.98M
Investing Cash Flow	20.87M	11.62M	34.34M	-30.91M	-43.36M	-10.45M
Financing Cash Flow	-38.79M	-44.74M	-34.88M	-27.66M	-24.18M	-19.58M

Catena Media Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.81
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CTM, the sentiment is Negative. The current price of 1.81 is below the 20-day moving average (MA) of 2.14, below the 50-day MA of 2.09, and below the 200-day MA of 2.21, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 38.21 is Neutral, neither overbought nor oversold. The STOCH value of 18.32 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:CTM.

Catena Media Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BETS.B	73 Outperform	kr19.67B	8.82	23.20%	5.20%	11.84%	12.09%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
KAMBI	58 Neutral	$3.06B	32.46	4.76%	―	-5.16%	-48.79%
ACROUD	45 Neutral	kr168.78M	―	-71.93%	―	1.98%	37.81%
GCOR	41 Neutral	kr139.91M	―	―	―	32.83%	13.34%
CTM	40 Underperform	$196.23M	-0.39	-19.82%	―	-25.10%	82.01%
FRAG	39 Underperform	€69.14M	-0.47	-229.41%	―	-10.21%	-1.15%

Catena Media Corporate Events

Catena Media Reports Q3 2025 Earnings Growth

Catena Media plc is a digital marketing company specializing in online casino and sports betting affiliation, primarily operating in North America. In its latest earnings report for Q3 2025, Catena Media reported a 9% increase in revenue from continuing operations, reaching EUR 11.6 million, with significant growth in North America. However, the company faced a 12% decline in new depositing customers and recognized an impairment charge of EUR 16.5 million due to a writedown of specific assets. Despite these challenges, the company achieved a 119% increase in adjusted EBITDA, reflecting improved profitability.

Catena Media’s Earnings Call: Growth Amid Challenges

In the latest earnings call, Catena Media plc presented a mixed sentiment, highlighting significant revenue and earnings growth alongside operational efficiencies and a strategic focus on North America. Despite these positive developments, the company acknowledged challenges such as regulatory uncertainties, impairment losses, deferred interest payments, and a decline in sports revenue. The overall tone was one of cautious optimism, with an awareness of potential headwinds in upcoming quarters.

Catena Media Reports Strong Q3 2025 with Revenue Diversification

Catena Media reported a solid third quarter in 2025, with a 9% increase in revenue from continuing operations and a significant improvement in adjusted EBITDA, which rose by 119%. The company has been focusing on revenue diversification, with strong growth in North America and advancements in its CRM and subaffiliation platforms. Despite facing challenges in the sports sector and regulatory changes in the social sweepstakes casino market, Catena Media continues to enhance its technological infrastructure and SEO capabilities to drive future growth.

The most recent analyst rating on (SE:CTM) stock is a Hold with a SEK2.50 price target. To see the full list of analyst forecasts on Catena Media stock, see the SE:CTM Stock Forecast page.

Catena Media to Release Q3 2025 Interim Report

Catena Media has announced that it will publish its interim report for the third quarter of 2025 on November 4. The release will be followed by a webcast and teleconference hosted by the CEO and CFO, allowing stakeholders to engage and ask questions, which may impact the company’s transparency and stakeholder relations.

The most recent analyst rating on (SE:CTM) stock is a Hold with a SEK2.50 price target. To see the full list of analyst forecasts on Catena Media stock, see the SE:CTM Stock Forecast page.

Catena Reports Strong Q3 Growth with Increased Profits

Catena reported a solid quarter with a 32% increase in profit from property management, reaching SEK 401 million. The company also saw a 25% rise in rental income and a 28% increase in net operating surplus. Catena’s strong financial performance is attributed to its low loan-to-value ratio and proactive strategies, positioning it well to seize opportunities and meet stakeholder demands.

The most recent analyst rating on (SE:CTM) stock is a Hold with a SEK2.50 price target. To see the full list of analyst forecasts on Catena Media stock, see the SE:CTM Stock Forecast page.

Catena Revises Growth and Sustainability Targets for 2026

Catena AB has revised its growth and sustainability targets in its 2026 business plan. The company now aims for a 10% annual compounded growth rate in profit from property management per share over five years and a 12% growth rate in net asset value per share over the same period. Additionally, Catena has adjusted its net zero greenhouse gas emissions target to 2040, with an interim goal of 50% reduction by 2030. These changes reflect Catena’s commitment to generating strong cash flow and sustainable growth, while maintaining its dividend and finance policies.

The most recent analyst rating on (SE:CTM) stock is a Hold with a SEK2.50 price target. To see the full list of analyst forecasts on Catena Media stock, see the SE:CTM Stock Forecast page.

Catena AB Appoints Nomination Committee for 2026 AGM

Catena AB has appointed its Nomination Committee for the 2026 Annual General Meeting, consisting of representatives from its four largest shareholders and the Chairman. The committee, which holds approximately 39.7% of the voting rights, will play a crucial role in shaping the company’s governance and strategic direction as it prepares for the upcoming meeting.

The most recent analyst rating on (SE:CTM) stock is a Hold with a SEK2.00 price target. To see the full list of analyst forecasts on Catena Media stock, see the SE:CTM Stock Forecast page.

Catena Media Unveils MRKTPLAYS.com to Boost Affiliate Marketing

Catena Media has launched MRKTPLAYS.com, a new sub-affiliation platform designed to connect affiliates with operators in North America. This platform aims to enhance partnerships and drive growth by offering tools for network expansion, transparent commissions, and reliable tracking, marking a significant step in Catena Media’s strategy for scalable growth in the online casino gaming and sports betting industry.

The most recent analyst rating on (SE:CTM) stock is a Hold with a SEK2.00 price target. To see the full list of analyst forecasts on Catena Media stock, see the SE:CTM Stock Forecast page.