CentralNic posts more strong results
Organic revenue growth continues to shine.
CentralNic (AIM: CNIC) reported updated results for the year today, and they are strong.
The company expects to report revenue of approximately USD $525 million, net revenue of at least $127 million, and adjusted EBITDA of at least $61 million for the nine months ending 30 September 2022. That’s an increase of 86%, 49% and 89% respectively.
CentralNic’s revenue was $335 million through the first six months of the year, so Q3 revenue was about $190 million.
Year-over-year organic growth for the trailing twelve months is about 66%. That figure was 53% at the end of Q1 and 62% at the end of Q2, so it’s trending in a positive direction.
With the latest results, CentralNic says it should top current market expectations for full-year results.
The company credits its online marketing segment — domain parking, affiliate and traffic arbitrage — for the outsized growth. CentralNic has made aggressive acquisitions in this space in recent years.
It now has more dry powder to make these acquisitions, too. The company has refinanced its debt and added $100 million in additional revolving credit.
Shares of CentralNic were up about 8% today.
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