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CentralNic revenue almost doubles
Kevin Murphy,
August 30, 2022, 13:18:52 (UTC),
Domain Registries
CentralNic has reported its first-half financial results, showing revenue up 93% to $334.6 million when compared to the same period last year.
Given the company’s acquisitive nature, some of the growth of course came from companies it has recently bought, but CentralNic said trailing 12-month organic revenue growth was a health 62%.
Adjusted EBITDA for the period was $38.6 million, up 97% on the first half of 2021.
Domain names, what the company calls its Online Presence segment, now account for a minority of CentralNic’s revenue, $76.8 million in the half, down a bit on last year due to currency exchange rates.
The company said it has been shaking up its strategy by reducing the amount of discounted domains it sells. Average revenue-per-domain went up from $8.90 to $9.60, but volumes were down from 6.5 million to 6 million as a result.
The Online Marketing segment grew 167% to $257.8 million. Organic revenue growth was 98%, “predominantly driven by CentralNic’s TONIC media buying business”.
Visitor sessions was up from 1.1 billion to 2 billion and RPM was up 87% from $106.
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