Catena Media experienced strong growth in the third quarter of 2025. The company made €11.6 million in revenue, a 9% increase from €10.7 million last year. When adjusted for currency changes, revenue rose 15%, and adjusted EBITDA more than doubled to €2.9 million, giving a 25% profit margin. North America was its main market, bringing in €11.2 million, or 96% of total revenue. Even though new depositing customers fell by 12%, profits improved due to better cost control.

The company took a €16.5 million loss after cutting the value of some North American and Asia-Pacific assets. In the first nine months of 2025, total revenue was €31 million, a 21% decrease from last year. However, adjusted EBITDA rose 35% to €5.2 million, with the margin improving to 18%. CEO Manuel Stan said the quarter showed steady progress driven by cost-cutting and better organic search focus.

New Platform to Strengthen North American Presence

One of the biggest highlights of the quarter was the launch of MRKTPLAYS.com, Catena’s new affiliate platform, which went live in September. The platform connects affiliates and betting operators in a single digital space, making it easier to grow their networks and reach more users. The company said partners have shown early interest, showing big potential for future growth in this area.

Catena also improved its overall efficiency by combining its major brands into one central technology platform. This change has helped boost consistency, scalability, and performance across its main products and services, setting a stronger base for expansion.

Casino Integration and Market Challenges

In its casino business, Catena continued moving its top brands into the new platform to make operations simpler and easier to manage. The company said the social sweepstakes casino market remains important for gathering customer data, even though it faces stricter regulations. For example, California’s upcoming ban in January has created some uncertainty in that sector.

Meanwhile, the company’s sports division is still under pressure, though gradual improvement is expected. CEO Stan said the upcoming launch of legal sports betting in Missouri this December could help lift performance slightly in the next quarter.

Focus on Long-Term Stability and Growth

Stan admitted that Catena faces ongoing challenges from changing search trends caused by generative AI and stricter global regulations. However, he said the company’s diversified portfolio, strong SEO base, and disciplined management provide a solid foundation for long-term success.

He added that the company’s focus on smarter cost control, better technology, and new revenue sources is paying off. With stronger financial results and an expanding North American presence, Catena Media is positioning itself for a more stable and profitable future.