CentralNic posts unaudited financials and claims to be an AI firm

Everyone’s an AI firm now.

Sometimes I feel like CentralNic (AIM: CNIC) releases its earnings the same way I was taught to write an essay in school: first, explain what you’re going to write. Then write it. Then explain what you just wrote.

CentralNic first provides a “Trading Update” with its financials. Then it releases unaudited statements. Then it issues the final, audited statements.

Yesterday, CentralNic did the second party by releasing its unaudited results for last year. They are in line with the rounded numbers provided last month: revenue up 77% to $728.2 million, organic growth up 60%, fresh revenue up 50%, and adjusted EBITDA up 86%.

Oh, and CentralNic is now an AI firm. Its release states it’s a “global internet firm that derives recurring revenue from privacy-safe, AI based client journeys…” This is updated from the description it used in December that it’s a “global internet software firm that derives recurring revenue from marketplaces for Online Presence and Online Marketing services.”

On the advertising revenue side, the firm stated visitor sessions on its ad properties increased by 77% to 4.6 billion. RPM for ads increased 37% to $105.00. (Keep in mind that firms that undertake arbitrage can grow their RPM greater than most people by targeting high-paying topics.)

CentralNic’s long time CEO Ben Crawford left at the end of last year. It will be interesting to if the firm heads in a different direction.