29% organic growth through Q3, stock surges — CentralNic boasts

Firm notes continued surge in the latter half of 2022.

Domain name and online advertising firm CentralNic (AIM: CNIC) disclosed today that its organic revenue grew 29% through Q3 2021 compared to the same period last year. Adding in revenue from acquisitions, revenue is up 66% during this time.

The firm states revenue through September was at least $280 million, compared to $168.5 in the first three quarters of 2020.

Organic growth accelerated in the third quarter; Q1 organic growth was 16% and Q2 organic growth was 25%.

CentralNic’s biggest buyout win is likely Team Internet, a domain monetization firm it purchased in 2019 for less than 4 times adjusted EBITDA. Internet advertising prices took off the following year as the pandemic pushed businesses online. (Revenue per thousand (RPM) for domain parking, counting at Team Internet’s ParkingCrew, lifted significantly that year. The firm subsequently purchased more online advertising platforms. While this has propelled the firm’s growth of late, this type of revenue is generally less stable than that from domain registration, its core business as of a couple of years ago.

Shares are up regarding 8% today to 123.5 pence as of 8:20 am PDT. The stock has surged over 40% since the beginning of June.