The financial impact of the transaction will be non-material on IHS Markit earnings or earnings guidance. The stock price has decreased by -61.20% in the last 52 weeks. The beta is 1.51, so Catena Media’s price volatility has been higher than the market average.
Company details: Catena Media plc
Catena Media plc, together with its subsidiaries, provides affiliation marketing services for operators of online sports betting and casino platforms in North America, the Asia Pacific, and Latin America. The Casino segment provides content, insights, and offers that connect people interested in slots, poker, blackjack, and other casino games with platform operators. The Sports segment publishes targeted content on sports teams, individuals, and fixtures that informs sports, fantasy sports, and e-sports betting fans and helps to choose the right offers from online operators. The company also owns and develops websites and media platforms, which attract visitors through organic traffic and paid media. Catena Media plc was founded in 2008 and is headquartered in Gzira, Malta. Catena Media is a global leader in generating high-value leads for operators of online casino, sports betting and financial trading platforms.
- The company also owns and develops websites and media platforms, which attract visitors through organic traffic and paid media.
- Catena Media plc, together with its subsidiaries, provides affiliation marketing services for operators of online sports betting and casino platforms in North America, the Asia Pacific, and Latin America.
- The group intends to continue streamlining the business in line with this focus.
- Based in Singapore, the company provides services to banks and asset managers in North America, Europe, Asia, and Australia.
- “The MarkitSERV team has been working closely with Catena for several years to help investment firms and banks overcome the numerous data and technology hurdles they face in trade reporting,” said Julian Chesser, head of Asia Pacific for MarkitSERV at IHS Markit.
General Business Overview
In the first nine months of 2022 the operations reported a double-digit decline in revenue to EUR 12.9 million. EBITDA for the same period totalled EUR 8.4 million, or EUR 6.2 million including central group overheads. The purchase price shall be paid in cash in three tranches, with EUR 20 million to be paid on closing, EUR 10 million 12 months from closing and the remaining EUR 15 million 24 months from closing. In the last 12 months, operating cash flow was -196,078 and capital expenditures -33,215, giving a free cash flow of -229,293.
The company has a current ratio of 1.86, with a Debt / Equity ratio of 18.72. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
Financial Position
The group’s large portfolio of web-based affiliation brands guides online users to customer websites and enriches the experience of players worldwide. Headquartered in Malta, the group employs over 450 people in Europe, North America, Asia-Pacific and Oceania. “The MarkitSERV team has been working closely with Catena for several years to help investment firms and banks overcome the numerous data and technology hurdles they face in trade reporting,” said Julian Chesser, head of Asia Pacific for MarkitSERV at IHS Markit. “Bringing the expertise and technology from Catena into MarkitSERV and our other compliance platforms will enable us to provide even more comprehensive and efficient trade reporting services to customers globally.”
Financial Services & Investing
Ltd. specializes in architecture, design, and delivery of advanced technology solutions for the financial services industry. Based in Singapore, the company provides services to banks and asset managers in North America, Europe, Asia, and Australia. Catena combines in-depth knowledge of the financial markets with expertise in implementing innovative solutions. MarkitSERV provides end-to-end trade processing and workflow solutions that support all participants in OTC trading, from post-trade lexatrade notices of execution, trade confirmation and allocations to clearing and reporting.
Its solutions support a broad range of asset classes and products, working continuously with the global financial industry to ensure swift and efficient coverage of new products. Catena Media’s previously-communicated strategic review has concluded in a clear focus on the fast-growing, regulated North American markets. The group intends to continue streamlining the business in line with this focus.
This includes divesting from markets and assets, such as the Financial Trading brands and the group’s remaining European brands, which third parties have shown interest in acquiring. Catena was founded by its Chairman, Randall E. Duran, in 2002 as a fintech consultancy and transformed to become a software-as-a-service (SaaS) provider of trade reporting solutions in 2014. Its award-winning TRACE Reporting platform automates and manages trade reporting, providing cross-asset coverage, valuation and collateral reporting, and reconciliation. TRACE Reporting covers G20 jurisdictions, such shakepay review as ASIC, MAS, HKMA, and EMIR, as well as MiFID II reporting. The divested businesses’ intangible assets had a combined net book value of EUR 27.2 million as of 31 October 2022.
