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CentralNic Group turns to AI to drive performance

CentralNic Group PLC has announced its intention to leverage artificial intelligence (AI) technology to further enhance its performance. The web services group achieved positive results across all business segments in the first half of the year, with gross revenue increasing by 18% to $396.4 million, and net revenue rising by 11% to $91.2 million for the six months ending on June 30th, 2023. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 16%, amounting to $44.6 million, and adjusted earnings per share (EPS) saw a 34% increase to 11.37 cents.

CentralNic’s CEO, Michael Riedl, highlighted the company’s commitment to fortifying its business model and creating a market leader in its field.

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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