Revenue growth hits record 25% in Q2 — CentralNic organic

Revenue accelerates with addition of advertising businesses.

Picture of stock chart with the words earnings note

Domain name firm CentralNic (London AIM: CNIC) disclosed today that its organic year-over-year revenue growth in Q2 was 25%, a record for the firm. This compares to organic growth of 16% in Q1 and 9% in all of 2000. While the notice doesn’t state it, I believe this growth is primarily coming from its advertising businesses, counting domain monetization platform ParkingCrew.

Overall revenue was $90 million, up 63% year over year counting acquisitions.

For the first half of 2021, the firm expects to note revenue of $174 million and adjusted EBITDA of $20 million, representing 56% revenue growth and 32% adjusted EBITDA growth compared to the first half of 2020.

The firm grew its cash reserves by $10.8 million during the half, despite reducing its debt load by $1 million and paying $13 million for the acquisitions of Safebrands and Wando and the final deferred consideration payment for Team Internet.

CentralNic will note its official H1 results on August 21.

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