Catena Media Plc · OMXSTO:CTM
Catena Media — Q1 2026 Earnings Presentation
15 slides from Catena Media's earnings presentation, May 1, 2026
Slide 1: Interim Report Q1 2026
Q1 Interim Report Q1 2026 January–March Manuel Stan Mike Gerrow CFO CEO
Slide 2: Quarterly overview
Quarterly overview Revenue and Adjusted EBITDA development → Revenue up 26% YoY and down 21% QoQ to EUR 12.3m – a decline from a very strong Q4 but a significant step up from Q1 last year → Adjusted EBITDA tripled to EUR 2.7m (EUR 0.9m), lifting the margin to 22% (9%) → Diversification efforts conti
Slide 3: Operational developments
Operational developments → Positive results from revenue diversification, with solid performance across subaffiliation and CRM → Launched PlayPerks loyalty programme on PlayUSA.com, with plans to expand to other products in the coming quarters + → Launch of MRKTPLAYS+ offering → Tailored marketing s
Slide 4: Organic search score
Organic search score → Organic search performance softened after the December Google update. Performance mostly stabilised in second half of quarter → Average keyword ranking score for the quarter decreased slightly from Q4 → Google update temporarily elevated some low-relevance products that delive
Slide 5: Financials
Financials Q1 2026 5
Slide 6: Financial summary
Financial summary Group Revenue (EUR m) NDCs (‘000s) Continuing ops → Revenue from continuing operations of EUR 12.3m (9.8), up 26% YoY and down 21% QoQ → Adjusted for currency rate changes, revenue increased 41% YoY 12.3 9.8 34.6 21.9 Jan-Mar 2026 Jan-Mar 2025 Jan-Mar 2026 Jan-Mar 2025 → North Amer
Slide 7: Segment performance
Segment performance Segments Continuing operations → Q1 revenue 88% casino, 12% sports → Casino revenue up 43% YoY to EUR 10.9m, down 21% Sports revenue (EUR m) Casino revenue (EUR m) QoQ → Regulated casino and social sweepstakes casino both 1.5 2.2 10.9 7.6 Jan-Mar 2026 Jan-Mar 2025 Jan-Mar 2026 Ja
Slide 8: Cost development
Cost development Cost development¹ Continuing operations → Total cost base of EUR 9.7m (8.9), down from EUR 10.9m in Q4 2025 → Direct costs increased to EUR 3.6m (1.7), driven by continued growth in subaffiliation and other performance marketing channels o Cost base decreased by 16% excluding revenu
Slide 9: Financial position
Financial position → Operating cash flow from continuing operations of EUR 4.4m (3.2) → Cash and cash equivalents of EUR 13.7m (24.6) on 31 March 2026 → No debt instruments remaining following senior bond repayment in Q2 2025 → Hybrid capital securities: o Nominal value EUR 43.7m o Interest rate STI
Slide 10: Strategy and outlook
Strategy and outlook Q1 2026 10
Slide 11: Strategic focus area evolution in Q1
Strategic focus area evolution in Q1 People Product Profit + The employee-net-promoter-score + The diversification efforts continued and + Adjusted EBITDA margin remained at over reached the highest level since June 2022, performance marketing channels showed 20% for the third consecutive quarter re
Slide 12: North America market status
Our North American footprint North America market status → The era of rapid Sports and Casino launches is largely behind us – no new combined market has launched since Ontario in Q2 2022, a gap of over 4 years CA-ON ME CA-AB VT NH → Alberta is scheduled to launch online casino and NY MA sports betti
Slide 13: Key takeaways and financial targets
Key takeaways Financial targets → Revenue up 26% YoY and down 21% QoQ – lower than a very strong Q4 but a significant step up from Q1 previous year → Adjusted EBITDA tripled to EUR 2.7m (EUR 0.9m), lifting the margin to 22% 1. Double-digit organic growth in group (9%) – third consecutive quarter wit
Slide 14: Q&A
Q&A Q1 2026 14
Slide 15: Contact information and upcoming events
Contact information Upcoming events Investor Relations Annual General Meeting 2026 ir@catenamedia.com 27 May 2026 Manuel Stan, CEO Interim Report Q2 2026 manuel.stan@catenamedia.com 11 August 2026 Michael Gerrow, CFO Interim Report Q3 2026 michael.gerrow@catenamedia.com 10 November 2026 15