Reglikedomain industry desk

Half revenue eclipses $110 million — CentralNic first

Half revenue eclipses $110 million — CentralNic first

Q2 wasn’t as bad as thought.

Picture of stock chart with the words earnings note

Domain name firm CentralNic (London AIM: CNIC) disclosed today that its first-half 2020 revenue will be more than $110 million. This is more than it generated in all of 2019.

The revenue jump is largely due to acquisitions, the biggest of which was Team Internet. Team Internet operates domain monetization firms ParkingCrew and Tonic.

The results are somewhat of a surprise. CentralNic hired research firm Edison Investment Research to cover the firm, and its initial note forecasted regarding $100 million revenue for the half. Edison predicted a drop in Q2 due to challenges with online ads during the pandemic.

Apparently, the ad landscape was better than expected during the quarter.

CentralNic will note its full results for the half on September 1.

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