Catena Media plc (CTM) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Katina Media Q1 2026 report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to CEO Manuel Stan and CFO Michael Gero. Please go ahead. Good morning. Good evening, everyone. Welcome to Catena Media's Q1 Interim Report. I am Aron Stan, and today I am joined by our Chief Financial Officer, Lime Giroux. Today, we will be speaking to our Q1 Interim Report, related financials, and our strategy and outlook going forward. We will start today's presentation with a high-level summary of the most important developments in the board. I am pleased to see another solid quarter with strong revenue and, more importantly, continued efficiencies translating into a strong bottom line. Q1 revenue amounted to €12.3 million. This represents an improvement of 26% versus the same period last year and 21% down versus last quarter. While this is a decline from a very strong Q4, it is a significant step up from Q1 previous year. The adjusted EBITDA almost tripled 2.7 million euros from 0.9 million euros the corresponding quarter last year. This meant lifting the margin to 22% up from 9% the same period last year. This was our third consecutive quarter. over 20%. We continue to focus on operational efficiency and diversification. The diversification efforts continued, and performance marketing channels showed another strong closer, albeit a step down from the old-time high registered in Q4. Our disciplined cost management approach continued in Q1. Normalized for direct cost and incentive programs, the year-on-year comparable costs have decreased with 26%. From a geograp...