Catena Media announced its financial results for the second quarter and first half of 2025, presenting a complex situation of declining revenue and improved profitability. CEO Manuel Stan stated that this quarter's performance "demonstrates that our stabilization efforts are producing measurable effects."
In the second quarter, Catena Media's ongoing operational revenue was 9.6 million euros (approximately 11.2 million US dollars), a 25% decrease year-over-year and a 2% decrease from the previous quarter. The North American market remains the core source of revenue, contributing 8.7 million euros, accounting for 90%, but it saw a 23% decline year-over-year and a 1% decline from the previous quarter. During the same period, the number of new depositing customers (NDC) dropped to 20,229, a 36% decrease year-over-year.
Despite the pressure on revenue, profitability indicators significantly improved. Adjusted EBITDA grew 104% to 1.4 million euros, with the profit margin increasing from 5% to 14%. Ongoing operational EBITDA jumped from a loss of 600,000 euros in the same period last year to a positive 2.2 million euros. Earnings per share also turned from a loss of -0.04 euros to a gain of 0.01 euros.
First half (H1) data revealed more long-term challenges. Ongoing operational revenue decreased by 33% year-over-year to 19.4 million euros, with North American revenue down 32%; NDC numbers decreased by 44% to 42,147; adjusted EBITDA fell 9% to 2.3 million euros. However, ongoing operational EBITDA saw a significant rebound, exploding 744% year-over-year from 300,000 euros to 2.8 million euros.
Stan noted: "The quarter-over-quarter performance in the second quarter was the best in many years, thanks to improvements in our core business rather than market listings or seasonal factors. While we remain cautious about the outlook, in the second half of the year we will continue to focus on profitability, product diversification, operational optimization, and technological upgrades, concentrating on the markets where we have the most confidence in success."
He also thanked the team for their efforts and the shareholders for their support, stating that the company will continue to solidify its fundamentals while laying the groundwork for long-term resilience and sustainable growth.
