Catena Media reports 1% decrease in Q2 revenue to €9.5m, H1 adjusted EBITDA grows 70%

Catena Media has reported its financial results for the second quarter and first half of 2026, as revenue and adjusted EBITDA during the quarterly period decreased year-on-year due to the persistence of organic search headwinds. 

For Q2, revenue decreased 1% to €9.5m (US$11m), while adjusted EBITDA fell 11% for a total of €1.2m. North America operations managed to increase revenue by 6%, however, reporting €9.2m for Q2 2026. 

Catena Media’s EBITDA from continuing operations decreased 46% to €1.2m, although new depositing customers grew by 23% during Q2 to 24,781. 

CEO Manuel Stan addressed the softer Q2 performance from Catena Media, having said, “These results reflect industry-wide headwinds in organic search and mark a pause after several quarters of strong operating performance. 

“The quarterly revenue decline underlines a structural reality facing our industry: traditional affiliation remains closely tied to the shifting dynamics of organic search.”

During H1, Catena Media was able to produce results more in line with expectation, having increased revenue by 12% for a total of €21.8m. North America operations once again led the way with €21m of revenue, equating to growth of 20%. 

New depositing customers increased 41% for the first half period to 59,354 users, while adjusted EBITDA from continuing operations rose 70% to €3.9m. 

EBITDA from continuing operations grew 35% to €3.8m, as Catena Media confirmed plans to “reshape the business towards a model that reduces exposure to any single external factor” in its Q2 and H1 2026 report. 

On 11 February, Catena Media and MetaBet expanded their collaboration to refer potential customers looking for sports betting widgets, odds feeds and fan engagement tools directly to MetaBet.

In return, MetaBet will route customers from its network to Catena Media for any sub-affiliate or performance marketing solution needs.