CentralNic reports Q1, announces Microsoft deal and board changes

Domain name and online advertising company rollup CentralNic released news recently.

First, on the earnings front, the company expects to report $194.9 revenue for Q1 when the official tally is complete. That’s up 24% year over year. It says gross profit was $45.8 million, and its Adjusted EBITDA number will be $21.3 million. Those are each increases of 15% year over year.

Second, the company has inked an ad deal with Microsoft Bing that will help diversify its revenue. Last year, Google ads were responsible for a substantial part of the company’s monetization.

CentralNic Group Plc (LON:CNIC) is one of the world’s leading providers of internet infrastructure services. The company provide tools for those who wish to go beyond consuming internet content. CentralNic’s services are designed for those who seek to contribute, to communicate, to build, to promote and to earn online.

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CentralNic Plc (CNIC)

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