A prominent digital gaming promotion firm, Catena Media, has declared sustained income expansion in the initial quarter of 2020, notwithstanding the consequences of the COVID-19 outbreak.
The organization documented a 2% rise in earnings year-over-year, attaining €26.7 million (roughly $29 million). This upsurge was fueled by robust results in the casino division, which currently constitutes the bulk of their income, counterbalancing a minor decrease in the sports wagering vertical owing to extensive athletic event postponements.
Catena Media executives conveyed contentment with the firm’s capacity to adjust to the demanding conditions, emphasizing their nimble reaction in concentrating on substitute domains such as internet casino amusements. Chief Executive Per Hellberg commended the company’s workforce for their commitment and smooth shift to telecommuting, guaranteeing sustained operational effectiveness.
This encouraging commencement to the year implies that Catena Media is advantageously situated to endure the continuing worldwide instability and exploit the developing online gaming environment.