Feb 13, 2024 / 08:00AM GMT
MIchael Daly - Catena Media plc - CEO
Good morning. I'm Michael Daly, CEO of Catena Media; and I'm joined by Erik Edeen, our Interim Group CFO. This is our Q4-2023 report. Today, we'll cover the Q4- and full-year highlights of the group, focusing on continuing operations, thus discounting the impact of assets divested. The information from full company, including now divested assets as well as the breakout of continuing operations are all available in our full report.
In Q4, Catena Media underperformed, seeing revenues decreased by 41% year over year. This was a combination of our performance for its growing competition in North America, the lower CPA rates that operators imposed in mid 2023, as well as our move towards more revenue share agreements. The quarter saw 17% of new depositing customers, NDCs on revenue share, a number which will continue to grow over future quarters, but not in a straight line as some events like the Kentucky State launch at the end of Q3 will move this percentage off into periods -- of higher in periods where we see NDC spikes from operators now on rev share. But over
Q4 2023 Catena Media PLC Earnings Call Transcript
Feb 14, 2024
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