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The Markets
by Proactive
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The Markets
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Software & services

CentralNic sees revenues at new record as online marketing forges ahead

Revenue overall rose by 88% to US$527mln with operating profits up more than five-fold

CentralNic Group PLC (AIM:CNIC) said strong organic growth was behind an 88% increase in its revenues for the first nine months of 2022.

Underlying profits (adjusted EBITDA) more than doubled during the period to £62mln, the domain name and digital marketing specialist added.

Both sets of numbers were records noted CentralNic, with the growth driven by its privacy-safe online marketing solutions.

Visitor sessions rose by 83% to 3.3bn in the year-to-date, while revenue per thousand sessions increased by 60% to US$104.1.

Revenue overall rose to US$527mln with operating profits up more than five-fold at US$35.1mln as margins improved.

In a statement, Ben Crawford, chief executive, said: "CentralNic continued to build momentum in the third quarter, despite slower growth in the wider economy, with year-on-year organic revenue growth now reaching a record 66%, EBITDA more than doubling, and operating profit on a completely new level due to CentralNic's operating leverage.

“This continued strong and consistent financial performance has allowed us to refinance at a notably improved interest rate, with a syndicate of quality banks.”

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