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CentralNic expects H1 revenue of $174 million
Kevin Murphy,
July 28, 2021, 18:53:54 (UTC),
Domain Services
A decade ago, CentralNic was scraping by selling domain names at the third level, and now it’s now on track to clear $300 million top line this year.
The domain industry consolidator said yesterday that it expects revenue for the first half of 2021 to be in the region of $174 million, which earnings before interest, tax, depreciation and amortization of $20 million.
Third-quarter revenue is expected to be about $90 million, which works out to 63% growth or roughly 25% organic growth, excluding the impact of recent acquisitions.
Organic growth was 16% for the first quarter 2021 and 9% for the full year 2020.
The company also said cash is up and debt is down.
It’s pretty good going for a company that, when it listed on London’s AIM market in 2013 had H1 revenue of about $2 million, based on not much more than its dubious business of selling 3LDs under the likes of .gb.com and .uk.com and a couple of low-volume ccTLD back-end contracts.
Since then, its acquisition streak has seen it branch out into registrars (where it owns a bunch, wholesale and retail, of various sizes, all over the world) new gTLD back-end services (where it runs at least 90 TLDs) and, more recently, domain monetization.
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