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CentralNic notes 16% organic growth in Q1

CentralNic notes 16% organic growth in Q1

Firm notes organic growth in all three of its business segments.

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CentralNic (London AIM: CNIC) noted earnings for Q1 today.

The firm stated its organic revenue grew 16% compared to Q1 2020. It stated that all three of its business segments grew organically year over year.

With acquisitions, revenue grew 48% to $84.4 million and gross profit increased by 58% to $27.9 million. The firm’s adjusted EBITDA number increased by 23% to $10.1 million.

The firm expects full-year numbers to be in line with market expectations.

CentralNic is renaming its monetization segment “Online Marketing” since the firm added multiple ad businesses last year. It stated that none of its marketing platforms use third-party cookies or collect personal data on clients, so it expects them to do well as Chrome blocks third-party cookies and Apple institutes its fresh privacy controls.

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