CentralNic has outperformed revenue and EBITDA expectations again. Strong growth in Q4 accelerated full year organic revenue growth to 37% from 29% in 9M 2021. Both revenue and EBITDA are expected to be c. 6% ahead of our estimates. The Online Marketing division appears to be going from strength-to-strength, as the division’s PubTONIC product effectively delivers high conversion traffic to advertisers. We plan to review our forecasts after the release of full year results at the end of February. ....
17 Jan 2022
CentralNic (CNIC LN) - Growth ahead of expectations
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
CentralNic (CNIC LN) - Growth ahead of expectations
Team Internet Group plc (TIG:LON) | 139 0.3 0.1% | Mkt Cap: 361.4m
- Published:
17 Jan 2022 -
Author:
Bob Liao, CFA -
Pages:
6
CentralNic has outperformed revenue and EBITDA expectations again. Strong growth in Q4 accelerated full year organic revenue growth to 37% from 29% in 9M 2021. Both revenue and EBITDA are expected to be c. 6% ahead of our estimates. The Online Marketing division appears to be going from strength-to-strength, as the division’s PubTONIC product effectively delivers high conversion traffic to advertisers. We plan to review our forecasts after the release of full year results at the end of February. ....