Team Internet has issued a trading update for FY25 announcing that results for FY25 are expected to be at the top end of the analyst consensus range of $40m-$43m adjusted EBITDA. This follows strong momentum in the final quarter of 2025, despite challenging market conditions. Zeus forecast adjusted EBITDA for FY25 of $42.3m, so the top end of the consensus range ($43.0m) is c. 2% ahead of our estimates. We leave our forecasts unchanged until the more comprehensive trading update that is expecte ....
