CentralNic massively expands share buyback programme

CentralNic plans to return a lot more capital to shareholders via share buybacks than previously planned.

About six weeks ago, the company announced its second-ever buyback program totalling £4 million. Just a little over a month later, the company now says it will spend up to £34 million buying shares on the open market. That is equal to about 10% of the company’s current market capitalization.

CentralNic is a rollup of domain name and online advertising companies. Until recently, it reinvested all of its cash flow into new acquisitions. But the company is shifting strategies and returning more capital to shareholders.

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)

CentralNic’s unprecedented journey: 10 years post-IPO

18th September 2023

In the fast-paced realm of the digital world, ten years can seem like an eternity-it’s a canvas of endless innovation, challenges, and reinvention. For CentralNic, the past decade has been nothing short of transformative, marking its

Titan Partners with Team Internet to offer business email

15th September 2023

Titan, a leading business email service provider, announced a strategic partnership with the Team Internet Group (TIG) formerly CentralNic, a leading global internet solutions company. Team Internet’s dual focus includes domain name management (Online Presence) and high-growth digital

CentralNic celebrates 10th IPO anniversary with rebrand to Team Internet

11th September 2023

On the occasion of its 10th anniversary since its Initial Public Offering (IPO), CentralNic Group, the global internet services holding company, has unveiled its rebrand to Team Internet Group. Effective from the 5th September 2023, the

CentralNic rebrands as Team Internet

7th September 2023

Another well-known domain industry firm has rebranded itself around a forgettable, search-resistant company name. CentralNic is now Team Internet, though it will continue to use “CentralNic” in its domains business. The company has changed its primary

CentralNic buys LA-based Adrenalads for $2.35m

5th September 2023

Internet specialist CentralNic announced the acquisition of Los Angeles-based Adrenalads on Friday, for cash consideration of $2.35m. The AIM-traded company said the acquisition was aimed at bolstering its media-buying arm Zeropark, and improving its overall efficiencies and market

CentralNic Group to change name to Team Internet Group Plc

4th September 2023

CentralNic Group plc (trading as Team Internet (LON:CNIC)), the global internet company generating recurring revenue from privacy-safe, AI based customer journeys that help online consumers make informed choices, has announced that on 28 September 2023 it will

CentralNic Group acquires Adrenalads LLC for a consideration of USD 2.35m in cash

1st September 2023

CentralNic Group PLC (LON:CNIC), the global internet company that derives recurring revenue from privacy-safe, AI-based customer journeys that help online consumers make informed choices, has delightedly announced it has acquired Adrenalads LLC for a consideration of USD

CentralNic CEO calls on industry to tackle climate change

30th August 2023

CentralNic CEO Michael Riedl is calling on his counterparts at other large domain name registries and registrars to meet up to coordinate the industry’s response to climate change. During a broad keynote at the London Domain

CentralNic Group turns to AI to drive performance

24th August 2023

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,

CentralNic up 18% in H1

21st August 2023

AIM-listed fast-growing acquisitive internet domain name and web services provider, CentralNic continues to expand at an impressive clip. The pace of top line growth appears, however, to be slowing as the year progresses. Turnover for the six months

CentralNic Group: Fine-tuning the growth engine

18th August 2023

CentralNic’s H123 results showed continuing revenue growth and margin expansion, with growth now being driven more organically and across both operating segments. Partnerships could be key to unlocking growth from underutilised brands, with management winning several

CentralNic to utilise AI for accelerated performance

15th August 2023

CentralNic Group announced its plans to leverage artificial intelligence (AI) in order to enhance its performance, following positive results in all of its business segments during the first half of the year. During this period, gross

CentralNic delivers another strong performance during H1 2023

14th August 2023

CentralNic Group Plc (LON:CNIC), the global internet company which helps online consumers make informed choices, has announced its unaudited financial results for the six months ended 30 June 2023. Financial summary: ● Gross revenue increased by 18% to USD 396.4m

CentralNic to host Capital Markets presentation on Monday 4 September 2023

14th August 2023

CentralNic Group plc (LON:CNIC), the global internet company that derives recurring revenue from privacy-safe, AI based customer journeys that help online consumers make informed choices, will be hosting a Capital Markets presentation for institutional investors, analysts

CentralNic launches partnerships with Booking.com, Klarna and Shopify

11th August 2023

CentralNic Group PLC on Monday said it has secured a ‘significant’ deal with online travel agency Booking.com, as well as other partnerships with platforms such as Klarna and Sovrn. The London-based internet services holding company that

Adapting to new technology

8th August 2023

In the bustling year of 1995, Microsoft released Windows 95. The commercial featured a huge Rolling Stones hit, and the brand-new OS caused massive shock waves in the tech world. Let’s imagine an old-school redactor staring at

CentralNic announces strategic alliances

7th August 2023

CentralNic Group PLC (LON:CNIC), the global internet company that derives recurring revenue from privacy-safe, AI-based customer journeys that help online consumers make informed choices, has announced a series of recent strategic partnerships, achievements, and the overall

Ensuring you’re not being scammed when buying a domain name

1st August 2023

Whether you wish to build a beautiful blog or start a small online business, you’ll need a domain name for it—hopefully, you’ll find one that’s short, catchy, and straight to the point. However, when it comes

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