Catena Media, a publicly-traded online gambling information company, issued their Q2 earnings update a couple of weeks ago, saying they have reduced its revenues forecast due to the Google Site reputation abuse policy update. Catena Media employs 300 people in Malta, the United Kingdom, Sweden, the United States. It provides tips to gamblers, and profits by selling visitor data to online gambling companies and casinos, according to Wikipedia .
You can read the update over here , which says: The organic search policy changes relate to a site reputation abuse update by Google that took effect in May and which adversely affects the rankings of sports betting and casino content published by many major news media websites. The update will reduce revenues and direct costs arising from some of the group’s media partnerships. At the same time, Catena Media has also observed an offsetting effect in the form of higher traffic and organic search rankings for some of its owned and operated brands, as search patterns return to favouring high-quality, relevant content.
Glenn Gabe was the first I saw to notice this: 'Site reputation abuse' in the (gaming) news -> Google search change prompts Catena Media to scrap full-year forecast "The gaming affiliate group expects the change in algorithm to harm the effectiveness of some media partnerships." "It said that changes to the organic search..
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com/0KyQgFOzxs So I waited, to see what impact this had on their stock price since June.
