Exclusive: Catena Media offloads FX affiliate websites to employee Jason Hopgood
The transaction, which closed on January 31, brings to a close Catena’s attempt to build a “financials” division.
The transaction, which closed on January 31, brings to a close Catena’s attempt to build a “financials” division.
Third parties have shown interest in acquiring all the remaining assets of the Catena Media group.
Revenue from Catena’s Financial Trading segment has tumbled to just 1% of company revenue by Q3-2022, at just €367,000 for the quarter.
After seeing its shares plunge to a 52-week low following the release of its Q1 financial results last week, online […]
Revenue in Catena’s Financial Trading segment continued to suffer, down by 24% YoY to just EUR 0.8 million.
Q2 figures for Catena Media came in at Revenue of €30.4 million – down 25% QoQ from Q1 – and EBITDA of €14.9 million, down 41%.
Per Hellberg had been with Catena since mid 2018, after serving as CEO of Swedish online magazines site Readly for five years.
Catena Media noted that it was making “no further investments into the Financial Services segment”, its FX affiliate websites group.