Catena Media Plc · OMXSTO:CTM
Catena Media — Q3 2025 Earnings Presentation
15 slides from Catena Media's earnings presentation, Nov 4, 2025
Slide 1: Q3 Interim Report July–September 2025
Q3 Interim Report July–September 2025 Manuel Stan Mike Gerrow CEO CFO
Slide 2: Quarterly overview
Quarterly overview → Revenue up 22% from Q2 and 9% year-on-year, or 15% adjusted for weaker US dollar → Adjusted EBITDA more than doubled to EUR 2.9m and margin improved to 25% (13%) → Solid performance in organic search and continued progress in revenue diversification through growth in subaffiliat
Slide 3: Operational developments
Operational developments → Launched MRKTPLAYS next-generation subaffiliation platform in September o Connects affiliates and operators in streamlined ecosystem o Replaces manual processes with scalable infrastructure that enhances service delivery o Empowers affiliates to grow their networks and ope
Slide 4: Organic search score
Organic search score → Continued organic search performance uptick after June Google algorithm update, reflecting strength of our products → At the end of September we registered our best average score in last six months → In Q3 all our top-tier products passed Google's Core Web Vitals assessment →
Slide 5: Financials Q3 2025
Financials Q3 2025 5
Slide 6: Financial summary
Financial summary Group Revenue (EURm) NDCs (‘000s) → Strong quarter with revenue from continuing operations of EUR Continuing ops 11.6m (10.7), up 22% QoQ and 9% YoY, or 15% adjusted for weaker US dollar → Adjusted EBITDA more than doubled both YoY and QoQ to EUR 2.9m 11.6 10.7 24.0 27.3 Jul-Sep 20
Slide 7: Segment performance
Segment performance Segments Continuing operations → Q3 revenue 85% casino, 15% sports Sports revenue (EURm) Casino revenue (EURm) → Casino revenue up 20% YoY to EUR 9.9m, or 33% adjusted for currency translation 1.8 2.5 9.9 8.2 Jul-Sep 2025 Jul-Sep 2024 Jul-Sep 2025 Jul-Sep 2024 → Casino revenue up
Slide 8: Cost development
Cost development Cost development¹ Continuing operations → Continued progress on cost optimisation – total costs down 6.9% YoY, driven by lower personnel and operating expenses → Direct costs increased by 145% YoY, driven by increased revenue diversification → Personnel expenses down 39% YoY, and de
Slide 9: Financial position
Financial position → Operating cash flow from continuing operations EUR 2.1m (1.8) → Cash and cash equivalents of EUR 8.4m (11.7) at 30 September → No debt instruments remaining → Hybrid capital securities o Nominal value EUR 43.7m o Interest rate STIBOR + 11% o Interest payments deferred o Current
Slide 10: Strategy and outlook Q3 2025
Strategy and outlook Q3 2025 10
Slide 11: Launches in North America
Market penetration* Launches in North America 50% 16% Sports Casino → Missouri due to launch legalised online sports betting in December. We are preparing for the go-live 50% 84% → Alberta expected to legalise online sports betting and casino Yet to regulate Yet to regulate gaming in 2026, but no ma
Slide 12: Strategic focus area evolution in Q3
Strategic focus area evolution in Q3 People Product Profit + Full impact seen from elimination of + Subaffiliation and CRM contributed to + Adjusted EBITDA margin almost doubled 50+ roles and removal of senior revenue mix diversification and helped to 25% as revenues improved and cost management lay
Slide 13: Key takeaways and Financial targets
Key takeaways Financial targets → Revenue up 9% YoY, showing further signs of operational stabilisation 1. Double-digit organic growth in group revenue for 2026 and in group adjusted EBITDA for 2025 and 2026 → Adjusted for currency translation, revenue increased 15% YoY 2. Net interest-bearing debt
Slide 14: Q&A Q3 2025
Q&A Q3 2025 14
Slide 15: Contact information and Upcoming events
Contact information Upcoming events Investor Relations Year-end Report Q4 2025 Interim Report Q2 2026 ir@catenamedia.com 10 February 2026 11 August 2026 Manuel Stan, CEO Annual Report 2025 Interim Report Q3 2026 manuel.stan@catenamedia.com Week 13 2026 10 November 2026 Michael Gerrow, CFO Interim Re