Catena Media has announced its preliminary revenue estimates for the first quarter of 2021.
The revenues are estimated to be in the range of EUR 39.1m–40.4m (Q1 2020: EUR 26.7m), reflecting an estimated increase in the range of 46–51% compared to the same period last year and a record in quarterly revenues for the company.
The adjusted EBITDA, excluding items affecting comparability, is estimated to be in the range of EUR 23.9m–25.0m (Q1 2020: EUR 12.9m), reflecting an estimated increase in the range of 85–94% compared to the same period last year and a record in quarterly earnings for the company. The adjusted EBITDA margin is estimated to be in the range of 59–62% (Q1 2020: 48%).
The solid outcome is primarily the result of a dedicated team effort to leverage the global business’s strong market momentum and particularly the strong performance of the US business, supported by the successful launch of operations in Michigan and Virginia during January. The final results for the first quarter of 2021 will be published on 19 May 2021.
“This trading update reaffirms our strong start to the year, and I am excited and proud of our teams’ exceptional focus on driving our global portfolio of affiliation brands, and the resulting performance,” Michael Daly, CEO of Catena Media, said.