Catena Media reveals a 35% decline in Q4 revenues

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Publicly traded affiliate Catena Media has revealed that earnings for the fourth quarter of 2024 were €46.9 million (US$48.7 million)1 EUR = 1.0391 USD
2025-02-12Powered by CMG CurrenShift, a 35% decrease from the third quarter.

North America revenue also decreased during the fourth quarter, producing €8.9 million (US$9.25 million)1 EUR = 1.0391 USD
2025-02-12Powered by CMG CurrenShift, which represented a 28% drop.

The number of new depositing customers fell by 19%, and adjusted EBITDA increased by 2% to €1.5 million (US$1.56 million)1 EUR = 1.0391 USD
2025-02-12Powered by CMG CurrenShift. EBITDA from continuing operations totaled €0.8 million (US$831,000)1 EUR = 1.0391 USD
2025-02-12Powered by CMG CurrenShift, a 62% rise.

Catena Media Chief Executive Officer Manuel Stan said, “The Q4 results reflected the ongoing challenges we face in our core markets. For the second consecutive quarter, profitability improved following the measures taken since mid-year to streamline the cost structure.”

Overall, from January to December 2024, adjusted EBITDA totaled €5.4 million (US$5.61 million)1 EUR = 1.0391 USD
2025-02-12Powered by CMG CurrenShift, a decline of 79%. Total operating expenses came to €96.1 million (US$99.9 million)1 EUR = 1.0391 USD
2025-02-12Powered by CMG CurrenShift, with direct costs declining to €11 million (US$11.4 million)1 EUR = 1.0391 USD
2025-02-12Powered by CMG CurrenShift due to the non-renewal of its media partnerships and optimization of various other agreements.

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Personnel expenses, excluding items affecting comparability, decreased by 5% to €22.4 million (US$23.3 million)1 EUR = 1.0391 USD
2025-02-12Powered by CMG CurrenShift.

Catena Media expressed that this was due to measures taken to streamline its content production and marketing teams, which led to restructuring leadership roles and reduced headcounts.

Regarding Catena Media’s core priorities going forward, Stan added, “Catena Media has in the past spread its resources too thinly across multiple initiatives, diverting attention from core products. Management seeks to correct this by concentrating efforts on the group’s top-performing sites

and products. Further brand optimisation plans are in preparation as we focus hard on how best to serve our customers.”

The results come after Stan assured stakeholders that there would be no further layoffs at the company during an earnings call for the third quarter of 2024. Stan took over as Chief Executive Officer of Catena Media in March 2024 after Michael Daly resigned in February.