CentralNic delivered strong revenue growth in Q1 that demonstrates management’s strategy to invest in staff, new products and systems is delivering returns. The Direct division has returned to growth (+13%), as hoped, and the Indirect division has accelerated organic growth to 13% from 7% in 2020. The Monetisation division continues to lead organic growth (+19%), has been diversified by recent acquisitions and renamed Online Marketing. Recent policy changes by Google and Apple could further boos ....
01 Jun 2021
CentralNic Group plc* (CNIC LN) - FY21 Q1 Update
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CentralNic Group plc* (CNIC LN) - FY21 Q1 Update
Team Internet Group plc (TIG:LON) | 143 -1.1 (-0.6%) | Mkt Cap: 370.9m
- Published:
01 Jun 2021 -
Author:
Bob Liao, CFA -
Pages:
14
CentralNic delivered strong revenue growth in Q1 that demonstrates management’s strategy to invest in staff, new products and systems is delivering returns. The Direct division has returned to growth (+13%), as hoped, and the Indirect division has accelerated organic growth to 13% from 7% in 2020. The Monetisation division continues to lead organic growth (+19%), has been diversified by recent acquisitions and renamed Online Marketing. Recent policy changes by Google and Apple could further boos ....