{"id":198,"date":"2024-06-18T01:44:32","date_gmt":"2024-06-17T22:44:32","guid":{"rendered":"https:\/\/trueffortunecasinonodepositbonus.icu\/2024\/06\/18\/catena-media-predicts-strong-finish-to-the-year-fueled-by-north-american-growth\/"},"modified":"2024-06-20T17:14:40","modified_gmt":"2024-06-20T14:14:40","slug":"catena-media-predicts-strong-finish-to-the-year-fueled-by-north-american-growth","status":"publish","type":"post","link":"https:\/\/trueffortunecasinonodepositbonus.icu\/2024\/06\/18\/catena-media-predicts-strong-finish-to-the-year-fueled-by-north-american-growth\/","title":{"rendered":"Catena Media Predicts Strong Finish to the Year Fueled by North American Growth"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/y9Y83IcgkZ4\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Catena Media forecasts a robust conclusion to the year, with their North American operations driving this surge.  They predict earnings of $16.4 million from the area in the fourth quarter, a significant 31% increase from the previous year. This constitutes a substantial 78% of their overall income, underscoring their prosperous concentration on the flourishing North American market.<\/p>\n<p>For the quarter as a whole, they are anticipating roughly $23.8 million in revenue, a 15% climb. Their profitability is also appearing positive, with projected earnings (adjusted EBITDA) of $9.4 million, a 14% rise.<\/p>\n<p>There is, however, a slight caveat.  Because of a singular accounting modification (a $7.8 million reduction), their formal &#8220;profit&#8221; will be reflected as lower on paper.<\/p>\n<p>Chief Executive Michael Daly is understandably content, particularly with the North American results. He emphasized the successful introductions in Maryland and Ohio, noting that the latter marked their &#8220;most robust US state launch phase to date.&#8221;  He perceives this as validation that their strategic emphasis on North America is yielding results.<\/p>\n<p>In separate developments, Catena has engaged Carnegie Investment Bank as their new financial counsel, suggesting potential actions for the company in the coming months. <\/p>\n<p>The firm is exploring all available avenues, including divesting certain holdings or potentially the entire operation. They&#8217;ve engaged high-profile financial consultants to assist in evaluating proposals from interested parties. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Catena Media forecasts a robust conclusion to the year, with their North American operations driving&#8230;<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Catena Media Roars: North America Fuels Record Q4 Earnings<\/title>\n<meta name=\"description\" content=\"Catena Media is set for a HUGE Q4, projecting $16.4 million in North American earnings alone - a 31% jump! 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