Malta's Catena Media prelim Q3 revenue falls, hurt by generative search impact

By Reuters News


Overview

  • Malta lead generator's preliminary Q3 revenue fell 29% yr/yr

  • Q3 preliminary adjusted EBITDA declined sharply yr/yr

  • Company no longer expects to meet 2026 double-digit organic growth targets


Outlook

  • Catena Media no longer expects double-digit organic growth in revenue and adj EBITDA in 2026

  • Company plans to diversify revenue streams and launch TraffiqX platform in Q1 2027


Result Drivers

  • GENERATIVE SEARCH IMPACT - Co said generative search reduced new traffic across affiliate industry

  • SEARCH RANKINGS DECLINE - Co said AI-driven personalised search and search engine changes led to lower traditional search rankings

  • OPERATOR MARKETING CUTS - Co said some operators cut marketing budgets during seasonal summer slowdown


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Prelim Revenue

EUR 8.30 mln

Q3 Prelim Adjusted EBITDA

EUR 700,000


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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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