Catena Media Welcomes Stephen Taylor-Matthews to Board

What happens when innovation meets transformation? Catena Media, a leader in iGaming affiliate marketing, is answering that question with its latest board reshuffle. With the departure of Øystein Engebretsen and the addition of Stephen Taylor-Matthews, the company is making bold moves to navigate its ongoing transformation phase. As Catena Media pivots toward a leaner, product-focused structure, Taylor-Matthews’ two decades of expertise in AI, data analytics, and online gaming are set to bring invaluable insights.

Catena Media Board Reshuffle: Stephen Taylor-Matthews Joins as Øystein Engebretsen Departs

Key Points:

1. Stephen Taylor-Matthews, an AI and gaming veteran, joins Catena Media’s board during a pivotal transformation phase.
2. Øystein Engebretsen departs after six years, marking the end of a significant chapter in Catena Media’s leadership.
3. Despite revenue challenges, Catena Media remains optimistic about its leaner, product-focused structure for long-term growth.

Stephen Taylor-Matthews, based in London, brings a wealth of experience to Catena Media’s board. As the founder of Polynate, an AI-driven sports engagement company, and a former leader at Underdog Fantasy, GoatGaming, and Betgenius, he embodies innovation and strategic thinking.

Commenting on his appointment, Taylor-Matthews expressed enthusiasm:
“Catena Media is in a transformation phase, and I’m excited to be joining the board at this juncture. I look forward to contributing my industry expertise and insight.”

Board chairman Erik Flinck welcomed Taylor-Matthews, highlighting his potential to shape the company’s strategic direction amid ongoing restructuring.

Farewell to Øystein Engebretsen

After six years of dedicated service, Øystein Engebretsen is stepping down from the board. His tenure, marked by strategic contributions during periods of significant growth and challenges, has left a lasting impact.

Flinck expressed gratitude, saying:
“Øystein has made a valuable and important contribution to Catena Media. I warmly thank him for his efforts and wish him well in his future ventures.”

Navigating Revenue Challenges

Catena Media’s Q3 2024 earnings report highlighted sharp declines:

• Revenue dropped 33% year-on-year to €10.7m.
• Adjusted EBITDA from continuing operations fell 59% to €1.3m, with margins shrinking to 13% from 20%.
• Total EBITDA turned negative at -€1.4m, reflecting ongoing challenges.

Despite these hurdles, CEO Manuel Stan remained optimistic. During the earnings call, he reassured stakeholders, stating:
“We are confident now that we have the right structure in place. Our focus is on improving margins and achieving long-term profitability.”

The addition of Stephen Taylor-Matthews to Catena Media’s board signifies a renewed focus on innovation and strategic transformation. While the departure of Øystein Engebretsen closes an important chapter, the company is embracing its next phase with a streamlined structure and a forward-looking vision.

As Catena Media navigates challenges and opportunities in a dynamic industry, its focus on AI, gaming innovation, and strategic leadership positions it for a promising future. The company’s journey serves as a testament to the resilience and adaptability required to thrive in today’s competitive gaming landscape.