Q3 2022 Catena Media PLC Earnings Call Transcript

Mar 03, 2024

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Nov 17, 2022 / 09:00AM GMT
Operator

Good morning, and welcome to the Catena Media Q3 2022 Earnings Call. (Operator Instructions) Please note this event is being recorded.

I would now like to turn the conference over to Mr. Michael Daly. Please go ahead, sir.

Michael Daly - Catena Media plc - CEO

Thank you. Welcome to Catena Media's Interim Report January through September 2022. I'm Michael Daly, CEO; and I'm joined by Peter Messner, our group CFO.

Catena Media continues our journey in North America, seeing a very healthy Q3 there with 25% uplift in revenue from Q2 and 11% growth year-over-year despite the very tough comparables from 2021 for us. The quarter saw the launch of Kansas in September, a relatively small state, but one that overweighted for us in the launch month. The quarter also saw the start to the 2022 NFL season.

I am particularly pleased with the 11% annual growth given that last year's Q3 had the strong launch of Arizona, a state approximately 2.5x the size and with more operators at launch. If we were to put aside these onetime launch events of

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