Catena Media Plc · OMXSTO:CTM
Catena Media — Q2 2025 Earnings Presentation
16 slides from Catena Media's earnings presentation, Aug 12, 2025
Slide 1: Q2 Interim Report April – June 2025
Q2 Interim Report April – June 2025 Manuel Stan Mike Gerrow CEO CFO
Slide 2: Overview
Overview → Revenue broadly stable for third consecutive quarter at EUR 9.6m – down 2% from Q1 but up 6% adjusted for the weaker US dollar → Adjusted EBITDA more than doubled to EUR 1.4m, lifting margin to 14% (5) → Continued progress on cost optimisation – total costs down 33% YoY driven by lower pe
Slide 3: Financial summary
Financial summary Group Revenue (EURm) NDCs (‘000s) Continuing ops → Revenue from continuing operations of EUR 9.6m (12.8), down 25% YoY and 2% QoQ 9.6 12.8 20.2 31.5 → Adjusted EBITDA margin up 9 pp to 14% Apr-Jun 2025 Apr-Jun 2024 Apr-Jun 2025 Apr-Jun 2024 → North America contributed 90% (88) of g
Slide 4: Organic search score
Organic search score → Average score reflects top rankings for 70+ most important keywords across Catena Media’s products → Organic rankings continued to face pressure amid lingering effects of algorithm updates and strong competition → Ranking volatility persisted across several key brands, though
Slide 5: Financials
Financials Q2 2025 5
Slide 6: North America
North America North Revenue (EURm) America → Revenue 23% lower YoY at EUR 8.7m (11.2), and down 1% vs Q1, indicating stabilisation 8.7 11.2 o 7% increase from Q1 once adjusted for FX Apr-Jun 2025 Apr-Jun 2024 → North America contributed 90% (88) of group revenue → Sports revenue declined QoQ due to
Slide 7: Rest of World
Rest of World Rest of World Revenue (EURm) Continuing operations → Revenue decreased 44% YoY to EUR 0.9m (1.6), driven by weaker performance in Japan 0.9 1.6 → Regulatory uncertainty in Japan continues to affect operator Apr-Jun 2025 Apr-Jun 2024 activity and revenue levels → Esports assets were div
Slide 8: Segment performance
Segment performance Segments Continuing operations → Sports revenue down 39% YoY to EUR 1.7m Sports revenue (EURm) Casino revenue (EURm) → QoQ Sports revenue down 21% – amid regular seasonality and strong competitive pressures 1.7 2.8 7.8 10.0 Apr-Jun 2025 Apr-Jun 2024 Apr-Jun 2025 Apr-Jun 2024 → Ad
Slide 9: Cost development
Cost development Cost development¹ Continuing operations → Continued progress on cost optimisation – total costs down 33% YoY driven by lower personnel and operating expenses → Headcount reduced by 25% in May, will generate estimated annual cost saving of EUR 4.5-5.0m → Major tech stack changes, inc
Slide 10: Financial position
Financial position → EUR 3.5m in final divestment proceeds received in Q2 → Senior bond repaid in June 2025, group now in net cash position excluding hybrid capital securities → Interest payments on hybrid capital securities deferred until further notice to allow flexibility → Cash and cash equivale
Slide 11: Strategy and outlook
Strategy and outlook Q2 2025 11
Slide 12: Launches in North America
Market penetration* Launches in North America 50% 16% Sports Casino → Missouri due to launch legalised online sports betting in December. Catena Media is preparing for the go-live 50% 84% → Alberta expected to legalise online sports betting and casino Yet to regulate Yet to regulate gaming in early
Slide 13: Strategic focus areas
Strategic focus areas People Product Profit + Eliminated 50+ roles and flattened + Subaffiliation and CRM contributed to + Adjusted EBITDA margin more than organisation by removing senior revenue mix diversification and helped doubled to 14% in Q2 as cost base management layer offset SEO pressure re
Slide 14: Key takeaways and financial targets
Key takeaways Financial targets → Revenue stable for third straight quarter, showing early signs of 1. Double-digit organic growth in group revenue for 2026 and in group stabilisation adjusted EBITDA for 2025 and 2026 → Adjusted for currency revenue increased 6% from Q1 2025 2. Net interest-bearing
Slide 15: Q&A
Q&A Q2 2025 15
Slide 16: Contact information and upcoming events
Contact information Upcoming events Investor Relations Interim report Q3 2025 ir@catenamedia.com 4 November 2025 Manuel Stan, CEO manuel.stan@catenamedia.com Michael Gerrow, CFO michael.gerrow@catenamedia.com 16