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CentralNic says it’s making more money than expected
Kevin Murphy,
October 18, 2021, 06:18:06 (UTC),
Domain Registries
Domain all-rounder CentralNic this morning told the markets it thinks it will hit or beat expectations this year.
CEO Ben Crawford said in a statement this morning that at the end of 2021 the company expects to be “at or above” analyst estimates of $348.6 million to $355.3 million at the top line and profit of $41.1 million to $42.0 million.
For the nine month ended September 30, CentralNic expects revenue to come in at $280 million or above, with adjusted EBIDTDA of at least $32 million, up 66% and 45% respective on the same 2020 period.
That represents organic growth, normalizing the impact of acquisitions, or 29%, the company said.
While the company did not reveal the drivers behind its growth, in recent quarters the best performer has been its domain monetization business, which provides revenue from parking ads and traffic redirection.
It will report its results November 22.
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