CentralNic has updated its financial projections for the year, saying it expects to “materially exceed” the current analysts’ estimates.
The London-listed company expects to next month report revenue for the nine months to September 30 up 86% at $525 million and adjusted EBITDA of “at least” $61 million, up 89% compared to last year.
That’s just for three quarters. The latest analyst consensus estimate was for revenue of $626.6 million and EBITDA of $72.5 million for the entire year, the company said.
Twelve-month organic growth, excluding the effect of acquisitions, to September 30 is estimated at 66%.
CentralNic said growth is being “driven predominantly by the growth of the Online Marketing Segment, which continues to win market share as a result of the ever-increasing demand for online customer acquisition services that are privacy-safe.”