The business also saw a significant increase in the number of new depositing customers (NDCs) it had provided its partners with during the quarter, registering 153,701, up from 94,710.
Catena said that increased activity in Japan and North America was the biggest contributor to its revenue growth, and that it saw organic growth of 23% over the period.
North America accounted for 51% of group revenue overall, while Japan brought in a further 9% of group revenue.
Excluding the German sports betting and casino market, it said, which accounts for around 4% of group revenue and has recently been affected by the launch of a new regulatory regime, organic growth would be around 34%.
By vertical, casino was the business’ largest market, bringing in 60% of its revenue. Sports betting brought in a further 38%, while the financial trading sector accounted for just 2% of group revenues.
38% of all revenue was earned on a revenue share basis, 53% came from cost-per-acquisition agreements, and 9% from fixed fees.
The business’ EBITDA margin remained constant year-on-year, at 48%, while its increased revenues gave adjusted EBITDA of €16.0m, up 33.3% from €12.0m in Q2 2020.
This, Catena said, was in spite of further heavy investment in North America and transformation programme investments in Europe.
After a loss of €49.4m from impairment on intangible assets, however, combined with depreciation and amortisation costs of €2.2m, the business recorded an operating loss of €36.7m for the quarter, compared to a €9.4m operating profit in Q3 2020.Catena then paid €1.2m in interest on borrowings and spent a further €800,000 on other finance costs, declaring a loss before tax of €38.7m.
After a tax benefit of €1.6m, the business declared a loss for the quarter of €37.1m, compared to a €3.3m profit in Q3 2020.
With regards to its strategy for the future, Catena has set out a plan based on the principles of organic growth, geographical expansion of existing products, cost-efficiency improvements and strategic M&A.
In growth markets such as its existing operations in the US, Japan, Central and South Europe, Catena said its strategy will be to achieve fast growth and good margin through operational efficiency and investment.
In more mature markets, such as the UK, Sweden and Germany, the business will aim to improve its margin through cost reductions and efficiency improvements.
Catena said while this will generate a low margin initially, the markets have significant long-term potential.
The business expects North America to continue being its core growth driver moving forward, and expects profitable double-digit organic growth on an annual basis, it said.
Its acquisition of i15 Media, LLC, announced in September, will prove a valuable asset during the NFL season, it said, and together with Catena’s Lineups.com, acquired earlier this year, had helped maximise revenue from the season’s opening.