Catena Media AI Stock Analysis
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Catena Media (CTM) AI Stock Analysis
Catena Media
(Nasdaq OMX AB:CTM)
The overall score of 44 reflects a company in significant distress. The most impactful factor is the severe and accelerating revenue decline and unprofitability, as highlighted in both the financial performance and the negative earnings call. While the balance sheet is strong with virtually no debt and the company generates positive cash flow, these defensive qualities are overshadowed by the deteriorating core business, a withdrawn growth target, and a strategic pivot that has yet to prove successful. The negative P/E ratio and bearish technical trends further confirm the lack of investor confidence.
Catena Media (CTM) vs. iShares MSCI Sweden ETF (EWD)
- Market Cap
- SEK 14.70M
- Dividend Yield
- ―
- Average Volume (3M)
- 152.42K
- Price to Earnings (P/E)
- -2.3
- Beta (1Y)
- 0.78
- Revenue Growth
- 7.50%
- EPS Growth
- 66.55%
- Country
- Sweden
- Employees
- 151
- Sector
- Communication Services
- Sector Strength
- 60
- Industry
- Internet Content & Information
Catena Media Business Overview & Revenue Model
Company Description
Catena Media plc, together with its subsidiaries, provides affiliation marketing services for operators of online sports betting and casino platforms in North America and Latin America. The company operates in two segments, Casino and Sports. The Cas...
How the Company Makes Money
Catena Media primarily makes money as an affiliate (performance marketing) partner to online gambling operators. It publishes reviews, comparisons, bonuses guides, and other content that attracts users via organic search and other digital channels; w...
Catena Media Earnings Call Summary
The call was predominantly negative. Q3 revenue, adjusted EBITDA, margins, new depositing customers, segment performance, and operating cash flow all declined, the company recognized a EUR 30.8 million noncash impairment, and it withdrew its 2026 double-digit organic growth target. Management highlighted cost reductions, a EUR 13.7 million cash balance, no senior debt, improving revenue per visit, and multiple diversification initiatives including loyalty programs, traffiqX, PlayPicks, and Catena Growth Ventures, but these initiatives remain part of a strategic pivot during a stated period of near-term challenge.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
The company no longer expects to reach its 2026 target of double-digit organic growth in group revenue and adjusted EBITDA; Bonus+ will become the cross-brand loyalty program across all of its brands from Q4 onwards, and the full traffiqX platform beta launch is scheduled for the first quarter of 2027. The company does not provide any revenue expectations for traffiqX, with the main focus on building significant liquidity for reaching success in 2027. The near term will be challenging, but management is confident that the strategic pivot will reduce reliance on organic traffic and unlock new sustainable revenue streams.
Catena Media Financial Statement Overview
Summary
Financial performance is weak, driven by a severely negative Income Statement Score of 18, reflecting persistent revenue decline and net losses. This is partially offset by a strong Balance Sheet Score of 65 due to aggressive deleveraging and a moderate Cash Flow Score of 55, as the company remains free cash flow positive. The overall picture is of a financially stable but rapidly shrinking business.
Income Statement
18Very NegativeBalance Sheet
65PositiveCash Flow
55Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 45.48M | 46.60M | 49.64M | 76.75M | 110.12M | 136.11M |
| Gross Profit | 18.79M | 34.20M | 38.65M | 63.31M | 98.74M | 120.62M |
| EBITDA | 9.29M | -5.64M | -40.59M | -11.21M | 49.05M | -405.00K |
| Net Income | -9.32M | -11.56M | -48.21M | -38.24M | 25.62M | -7.17M |
Balance Sheet | ||||||
| Total Assets | 97.15M | 113.11M | 146.81M | 242.03M | 322.63M | 366.17M |
| Cash, Cash Equivalents and Short-Term Investments | 13.68M | 9.32M | 8.48M | 38.51M | 23.87M | 26.96M |
| Total Debt | 466.00K | 37.86M | 21.85M | 57.59M | 76.66M | 88.75M |
| Total Liabilities | 3.44M | 5.58M | 23.98M | 66.84M | 100.11M | 137.65M |
| Stockholders Equity | 93.71M | 107.53M | 122.83M | 175.18M | 222.52M | 228.52M |
Cash Flow | ||||||
| Free Cash Flow | 7.15M | 6.25M | 137.00K | 19.91M | 26.87M | 22.45M |
| Operating Cash Flow | 7.58M | 7.51M | 2.66M | 20.04M | 56.38M | 65.80M |
| Investing Cash Flow | -1.88M | 19.41M | 11.62M | 34.34M | -30.91M | -43.36M |
| Financing Cash Flow | -1.02M | -24.90M | -44.74M | -34.88M | -27.66M | -24.18M |
Catena Media Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CTM, the sentiment is Positive. The current price of 3.17 is above the 20-day moving average (MA) of 2.90, above the 50-day MA of 2.94, and above the 200-day MA of 2.68, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 58.99 is Neutral, neither overbought nor oversold. The STOCH value of 37.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:CTM.
Catena Media Peers Comparison
Overall Rating
SE:ENRO67Neutral
SE:HEM63Neutral
SE:NYOR57Neutral
SE:FRAG49Neutral- SE:CTM44Neutral
SE:BRIGHT38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SE:ENRO | 67Neutral | SEK 481.94M | 20.56 | 7.67% | 7.05% | -2.84% | -59.42% |
| SE:HEM | 63Neutral | SEK 5.54B | 15.98 | 38.14% | 3.11% | -17.78% | -32.66% |
| Sector * | 60Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
| SE:NYOR | 57Neutral | SEK 382.23M | -24.23 | -4.06% | ― | 3.01% | -146.93% |
| SE:FRAG | 49Neutral | SEK 47.65M | 0.67 | 116.18% | ― | -86.97% | ― |
| SE:CTM | 44Neutral | SEK 247.33M | -2.32 | -10.52% | ― | 7.50% | 66.55% |
| SE:BRIGHT | 38Underperform | SEK 33.38M | -0.18 | -239.15% | ― | -22.11% | -1.01% |
* Communication Services Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SE:CTM | Catena Media plc | 3.17 | 1.32 | 71.35% | |
| SE:HEM | Hemnet Group AB | 61.05 | -115.61 | -65.44% | |
| SE:ENRO | Eniro Group AB Class A | 33.10 | 15.04 | 83.25% | |
| SE:BRIGHT | Speqta AB | 0.16 | -0.12 | -42.39% | |
| SE:NYOR | TradeDoubler AB | 6.80 | 0.32 | 4.94% | |
| SE:FRAG | Fragbite Group AB | 5.90 | -1.92 | -24.55% |
Catena Media Corporate Events
Catena Media reports Q3 revenue decline as search pressures weigh
Catena Media operates an affiliate business focused on the iGaming market, with owned and operated brands and offerings spanning casino, sports, loyalty and related digital products. North America accounted for 97% of continuing-operations revenue in...
Catena Media Repurchases 213,775 Shares Under Buyback Programme
Catena Media generates high-value leads for online casino and sports betting platforms through a global portfolio of digital brands. The company focuses on connecting users with operators and enhancing player experiences across international markets....
Catena Media Appoints Stefan Grech as Technology Chief
Catena Media has appointed Stefan Grech as Senior Vice President of Technology, effective immediately, placing him on the executive management team. Grech joined the company in 2020 and most recently served as Director of Technical Operations, overse...
Catena Media Sets November 10 Results Presentation
Catena Media announced that its third-quarter 2026 interim report is scheduled for publication on 10 November 2026. A webcast and teleconference hosted by the chief executive and chief financial officer will give investors an opportunity to ask quest...
Catena Media expands share buybacks to fund incentive plans
Catena Media has continued to execute its share buyback programme, repurchasing 235,599 ordinary shares on Nasdaq Stockholm between 26 and 30 October 2026 through ABG Sundal Collier. The buybacks, conducted under EU market abuse and safe harbour rule...
Catena Media Discloses Major Holdings After Share Buybacks
Catena Media has disclosed that, following share buybacks carried out between September and October 2026, it now holds 3,965,809 of its own ordinary shares, representing 5.03 percent of its total share capital. The company has filed a mandatory notif...
Catena Media Expands Treasury Stock Through Ongoing Share Buybacks
Catena Media has continued its ongoing share buyback programme, repurchasing 219,500 ordinary shares on Nasdaq Stockholm between 19 and 23 October 2026 to meet obligations under its long-term incentive schemes. The transactions lift the company’s tre...
Catena boosts earnings and expands Nordic logistics footprint in 2026
Catena AB reported strong growth for the first nine months of 2026, with rental income up 20 percent to SEK 2,347 million and net operating surplus rising 21 percent to SEK 1,972 million. Profit from property management increased 18 percent to SEK 1,...
Catena Media makes first Catena Growth Ventures investment in Repackz.fun
Catena Media has made its first investment through its new Catena Growth Ventures arm, taking a strategic stake in Collectbase Inc., the U.S. parent of digital gaming‑based collectibles platform Repackz.fun and community app Collectibles.com. The dea...
Catena Media Advances Share Buyback to Fund Long-Term Incentive Plans
Catena Media has continued executing its previously announced share buyback programme, repurchasing 138,700 ordinary shares on Nasdaq Stockholm between 12 and 16 October 2026 through ABG Sundal Collier AB. The buybacks are intended to meet obligation...
Catena invests SEK 131 million in new Finnish logistics hub
Catena is expanding its Finnish footprint with a SEK 131 million investment in a new logistics facility in Pirkkala, near Tampere Airport and adjacent to the E12 motorway. The 5,800 m² property, designed for warehouse, distribution, light-assembly an...
Catena Media Warns on 2026 Targets After Q3 Revenue Slump and Impairment
Catena Media released preliminary, unaudited figures for the third quarter of 2026 showing revenue of EUR 8.3m, down 29 percent year-on-year, and adjusted EBITDA of EUR 0.7m, as well as EUR 30-35m of non-cash impairment charges on intangible assets....
Catena appoints key shareholders to 2027 AGM Nomination Committee
Catena has appointed the members of its Nomination Committee ahead of the 2027 Annual General Meeting, following a decision at the 2026 AGM to base the committee on representatives of the four largest shareholders plus the Chairman of the Board. The...
Catena Media advances share buyback programme to fund incentive plans
Catena Media has continued executing its previously announced share buyback programme, repurchasing 108,100 ordinary shares on Nasdaq Stockholm between 5 and 9 October 2026 through ABG Sundal Collier AB. The transactions form part of a broader plan t...
Catena reshapes senior management as business development chief exits
Catena has announced a change in its senior management as Head of Business and Projects, Adam Ljungviken, will leave the company in October 2026 for personal reasons. Ljungviken, who joined in 2023 and joined the senior management team in 2025, playe...
Catena Media Advances Share Buyback Programme to Fund Incentive Plans
Catena Media has executed a series of share repurchases between 28 September and 2 October 2026, buying back 89,600 ordinary shares on Nasdaq Stockholm under its ongoing share buyback programme. The transactions were carried out by ABG Sundal Collier...
Catena Buys €2.15bn Finnish Logistics Portfolio to Strengthen Nordic Platform
Catena has expanded its Finnish footprint by acquiring a portfolio of 10 logistics properties from Urban Partners for about SEK 2.15 billion, financed through internal funds and external credit facilities. The deal, structured as a corporate transact...
Catena Media Expands Treasury Stock Through Latest Share Buybacks
Catena Media has continued to execute on its previously announced share buyback programme, repurchasing 98,900 ordinary shares on Nasdaq Stockholm between 21 and 25 September 2026 to cover obligations under its long-term incentive schemes. The transa...
Catena Media expands share buyback to support incentive programmes
Catena Media has continued executing its share buyback programme, repurchasing 123,666 ordinary shares on Nasdaq Stockholm between 14 and 18 September 2026 through ABG Sundal Collier AB. The buybacks are intended to meet obligations under the company...
Catena Media Names Board Member Martin Zetterlund Interim CTO
Catena Media has appointed board member Martin Zetterlund as interim chief technology officer, effective 17 September 2026, under a consultancy arrangement while it continues to recruit a permanent CTO. Zetterlund will lead the technology function an...
Catena Media executes share buybacks to fund incentive plans
Catena Media repurchased 11,534 of its own ordinary shares on Nasdaq Stockholm during week 37, 2026, as part of a recently launched share buyback programme. The buybacks are intended to meet obligations under the company’s long-term incentive program...
Catena Media launches SEK 28m share buyback to fund incentive plans and reduce capital
Catena Media has launched a share buyback programme to repurchase its own shares in order to meet obligations under its outstanding long-term incentive programmes for employees and participants. The move follows completion of required preparatory ste...
Catena Media Cuts Hybrid Debt Through Discount Tender Offer
Catena Media plc has completed a voluntary tender offer to repurchase part of its outstanding hybrid capital securities, ISIN SE0014262192, at a tender price of 20 percent of nominal value, or SEK 20 for every SEK 100. Holders tendered securities wit...
Catena Media launches cut-price tender offer for hybrid capital securities
Catena Media has launched a voluntary tender offer for its outstanding hybrid capital securities, giving investors the option to sell back their holdings at 20 percent of nominal value, or SEK 20 for every SEK 100, with no accrued or capitalised inte...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 14, 2026