Catena Media has reported an increase of 53 per cent in operating revenue to €40.7m in the first quarter of 2021.
Organic search revenue increased by 61 per cent and totalled €38.4m. Adjusted EBITDA increased by 94 per cent and totalled €25.1m, corresponding to an adjusted EBITDA margin of 62 per cent
“Our excellent performance reflects a solid focus on driving our global portfolio of affiliation brands. Revenue growth in North America was exceptional, supported by the successful launch of operations in Michigan and Virginia,” said CEO Michael Daly.
