Earnings+More - Aug 18: ‘Long winter ahead’ says Catena
Aug 18: ‘Long winter ahead’ says CatenaCatena Media Q2, Rank FY, Sportradar analyst reaction, US online analyst update, Pennsylvania data for July +MoreGood morning. On the agenda today:
Catena Media Q2
Paradigm a dozen: As previously announced, a strategic review initiated in May was extended in August to look at the entire European business, notably its AskGamblers and financial trading assets which the company said had received ”strong interest”.
Safety first: Asked why Catena Media appeared to be more affected by macroeconomics than its contemporaries, CEO Michael Daly said the group was being “prudent and cautious, planning for the worst to take the best”.
Unexpected items in the bagging areas: Lower than expected revenues in Ontario and delayed US state launches are “likely to delay attainment” of the 12-month $100m revenue goal in North America to H123. The company said Ontario was “uninspiring” due to “unexpectedly strict marketing restrictions”. Model behavior: CPA was still the favored business model for affiliates in North America, but Daly said revenue share would keep developing going forward and he was seeing “operators coming to the table with serious discussions”.
** SPONSOR’S MESSAGE: BettingJobs is the global leading recruitment solutions provider to the iGaming, Sports Betting and Lotteries sectors. Boasting a 19-year track record supporting the iGaming industry, and with a team of experts and world-class knowledge, it’s no surprise BettingJobs is experiencing rapid growth with outstanding results. Does your company have plans to expand teams to cope with strong growth and demand? ContactBettingJobs.com today where their dedicated team members will help you find exactly what you are looking for. Rank FY
Heavy weather: The company pointed out its operating profit performance was in line with its updated guidance from June with the H2 performance adversely impacted by difficult trading conditions in its casino business, particularly in London where Rank operates nine casinos.
White paper, white heat: Talking about the leaked details of the UK government’s gambling White Paper, O’Reilly said the company was happy with the potential for harmonization between 1968 and 2005 Act casinos but said he was disappointed the publication looks likely to be delayed to either late autumn or even next year.
Keep on moving: With Rank’s online business, the company is in the final stages of completing the migration of its brands to its new in-house platform with Grosvenor being the last brand to move by the end of the current quarter.
Sportradar analyst reaction
Looking up: The prospects of reaching profitability in the US ahead of schedule, a $200m pay down of debt, the growing importance of in-play and the strong growth in the ad:s business were among the positives for the team at Deutsche Bank from Sportradar’s Q2 earnings.
👀Sportradar share price, Aug 17 US online analyst update
Soon come: The team at Roth suggest investors are now “buying into the narrative” of sports-betting profitability and while they believe the current marketing lull will soon pass they believe the intensity of promotions and advertising will be less than was experienced in the same period last year.
🏖️The boys of summer: US OSB and iGaming stocks in the past month FundraiseOddin.gg, an esports-betting odds and risk management provider, has successfully concluded a $4.5m Series A funding round. The fundraise was led by existing investors Velo Partners and Genting Ventures. DatalinesPennsylvania: Sports-betting GGR in July rose 20.9% YoY to $33.2m while NGR (ex-promos) rose 28.1% YoY to $25.4m. Handle was up 10.5% YoY to $336.5m.
NewslinesPenn Entertainment has confirmed its intention to take up the option to buy the remaining 74% of Barstool Sports that it didn't already own and make the company a wholly-owned subsidiary. The buyout will be completed in February. Neverending story: According to reports, Maryland’s online sports-betting market could open in February, in time for the Super Bowl. But it remains only a possibility, according to an official from the Maryland Lottery and Gaming Control Agency. B-More: Separately, the Orioles announced a partnership with the Nevada-based SuperBook Sports for a retail operation to be established at Oriole Park in Camden Yards in Baltimore. The operation is expected to be completed next year.. What we’re writingWhat we’re readingMechanical failure: “Reading this book reminded me of watching a cat lick a dog’s eye goo.” Calendar
Contact us
If you liked this post from Earnings+More, why not share it? |
Older messages
Aug 17: In-play "unstoppable", says Sportradar
Wednesday, August 17, 2022
Sportradar Q2, GAN analyst reaction, Flutter analyst reaction +More
Aug 16: Genius Sports vs. the dollar
Tuesday, August 16, 2022
Genius Sports Q2, Inspired/AGS, GiG, GAN Q2s, EBET confirms restructure +More
Aug 15: Inspired makes $370m AGS bid
Monday, August 15, 2022
Inspired bid for AGS, Flutter analyst update, Disney OSB comments, the shares week, startup focus - WagerWire +More
Aug12: Weekend edition #59
Friday, August 12, 2022
Flutter says FanDuel hit profitability in Q2, 888 H1s, Super Group Q2, sector watch - financial trading +More
Aug 10: Catena seeks European exit?
Friday, August 12, 2022
Catena media strategic review, Wynn Resorts, Light & Wonder and Red Rock Resorts Q2s, earnings in brief +More
You Might Also Like
Caliplay dispute eclipses Playtech’s progress
Friday, March 29, 2024
Playtech earnings review, 888's US B2C sale, sector leaders take bad news hit +More ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Overcoming ads blindness
Friday, March 29, 2024
Today's hack Why not switching from usual ads to converting your audience into email subscribers in exchange for rewards? What are you willing to see more in banner ads? 1. Sales pitches. 2. Brands
Ambani, Adani join hands in power move
Friday, March 29, 2024
Also in today's edition: India's auto export weakness; No one wants CXOs ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
It's Time to Unlock the Vault
Friday, March 29, 2024
The ability to shortcut your way to profits is finally here View in browser ClickBank Hand holding a microphone You need to know this, There is an opportunity to shortcut your way to profits as an
🔍 Ryan Trahan & Joyride's Launch Playbook
Friday, March 29, 2024
What they did. How they did it. And what to learn from it.
Help Micronesian Seminar
Friday, March 29, 2024
Weekender #43 ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
🎙️ New Episode of The Dime Todd Harrison: Chewing Through Noise in The Cannabis Industry with a Focus on Catalysts
Thursday, March 28, 2024
Listen here 🎙️ Todd Harrison: Chewing Through Noise in The Cannabis Industry with a Focus on Catalysts Imagine this: warm, sunny Florida. Rescheduling has just been announced, and you're eager
Wealthy people don't cover their windows
Thursday, March 28, 2024
Plus the real cost of self funded searches, the math behind renting vs buying & more.
🤯 [$50 an hour] Remote Flutter Jobs, Zapier Freelancer, Junior Dev Jobs and more!
Thursday, March 28, 2024
March 28, 2024 | Read Online 🤯 [$50 an hour] Remote Flutter Jobs, Zapier Freelancer, Junior Dev Jobs and more! fb tw in email Welcome to another CrackedDevs Daily, this time with some hot new jobs! 🚀 1
Discovery Phase for Coinbase SEC Lawsuit
Thursday, March 28, 2024
Plus UK's FCA Targets Memecoin Influencers