The group expects a resumption of organic growth in the second half of 2024 and full-year adjusted EBITDA in the range of
The new targets are:
- Double-digit organic growth in both revenue and adjusted EBITDA for 2025 and 2026 at group level.
- Net interest-bearing debt to adjusted EBITDA ratio of 0-1.75.
The shift towards a more sustainable revenue model involves recruiting more players via revenue-share agreements with operators compared to cost-per-acquisition (CPA) contracts and implementing a programme of investments in tech and data innovation that is being rolled out in Q1 and Q2 2024.
These investments, planned as a result of the strategic review, will reinvent the group's core technological focus by strengthening the organisation with new product offerings that prioritise technology, innovation and immersive user experiences. The primary initiatives include investments in artificial intelligence (AI), paid media, subaffiliation and further strategic media partners to broaden audiences and deliver greater value to partners.
Investments into AI include the establishment of a joint venture with a specialist AI partner to develop a generative AI application dedicated exclusively to content production for online betting and casino gaming affiliation. This initiative launched its first minimum viable product (MVP) in
AI innovations and other tech-facing enhancements will enable
Contact details for further information:
Investor Relations
Email: ir@catenamedia.com
Email: michael.daly@catenamedia.com
Email: erik.edeen@catenamedia.com
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https://mb.cision.com/Main/12863/3927300/2599247.pdf
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