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- Verisign will kill off 37 Kevins (and 22,000 others), complaint claims
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Team Internet says domains business sale imminent
Team Internet expects to be able to announce the sale of its domains business in the next several weeks, coming at the end of a turbulent 2025 that saw revenue, and its share price, tumble.
The company — home to registry and registrar brands including CentralNic, BrandShelter, Moniker and domaindiscount24 — said of its Domains, Identity & Software (DIS) segment in a recent trading statement:
Discussions continue with selected parties regarding a potential disposal of the DIS segment, which the Board will pursue where it delivers fair value. While there can be no certainty that any transaction will be agreed, or as to its terms, the Board expects the outcome of the strategic review, including any agreement relating to a potential disposal of DIS, to be announced in the first half of Q3. Subject to customary conditions and regulatory approvals, the Board expects any resulting transaction to complete during 2026.
That suggests a deal could be announced anywhere from this week to mid-August.
Team Internet got badly burned by Google after the advertising giant changed the way it allows parking companies to monetize domains in early 2025. Its revenue per thousand page views was cut in half, down by 51% to $34 million last year.
The company is now talking about a legal case against Google (which it did not name directly), saying it is “pursuing a substantial damages claim against a major technology company, arising from anti-competitive conduct”.
In its audited 2025 results, announced Friday, the company said its DIS segment was down 4% to $194.6 million, with adjusted EBITDA up 10% at $21.4 million as it pursued a strategy of squeezing more profit out of each customer rather than pushing volume.
The Search segments, most affected by Google’s antics, saw its top line down 59% at $222 million, with EBITDA down 84% at $9 million. Overall, Team Internet saw revenue down 40% at $481.9 million, with EBITDA down 54% at $42.7 million.
The company also disclosed that it has had trouble meeting its financial commitments to its lenders, but that it has come to arrangement to have the banks forgive the transgressions.
It plans to either refinance or use the proceeds from the DIS disposal to service its debts.
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