In FY2025 Catena Media focused on restructuring its business and refining its product strategy while at the same time showing how market pressures and changing operator behaviour are reshaping affiliate economics – see more details: 

• In FY 2025 total revenue reached EUR 46.6m (FY 2024: EUR 49.6m). The drop was mainly driven by the sports side of the business with  EUR 7.4m (FY 2024: EUR 13.9m).  Casino business grew instead reaching EUR 39.2m in FY 2025. 
• Though the group reported an operating loss of EUR 9.2m in FY 2025, it managed to reduce loss levels like in FY 2024 with EUR 46.5m.  Lower impairments and tighter cost control helped to reduce losses in 2025.
• As part of restructuring efforts the costs side  decreased during 2025; total operating expenses reached EUR 55.8m (FY 2024: EUR 96.1m). Less impairments and less personnel costs stabilised the business.
• As a consequence net loss for the year was only EUR 7.5m in 2025, compared to EUR 44.2m in FY2024.
• A detailed analysis of the segments shows that casino maintained stable  and transformed losses into positive a small operating profit reaching EUR 0.1m in FY 2025. Sports is still under pressure like in 2024, but losses reduced to EUR 8.5m from EUR 41.9m. That gap is still notable, though the direction of travel has improved.

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