Team Internet Group Plc (LON: TIG, OTCQX: TIGXF), the global internet company that generates recurring revenue from creating meaningful and successful connections: businesses to domains, brands to consumers, publishers to advertisers, has announced its unaudited financial results for the three months ended 31 March 2024.
Financial Summary:
● Organic revenue growth* of approximately 8%, for the trailing twelve months ended 31 March 2024 (“TTM 2024”)
● Gross revenue increased by 1% to USD 195.9m (versus three months ended March 2023 (“Q1 2023”): USD 194.9m)
● Net revenue (Gross profit) increased by 4% to USD 47.6m (Q1 2023: USD 45.8m), with gross margin increasing from 23.5% to 24.3%, a relative 3% uplift