CEO Michael Riedl should be pretty content with his first set of quarterly results since taking the reins (CentralNic gets a new CEO) at CentralNic, the fast-growing acquisitive internet domain name and web services provider, at the end of last year.
CentralNic has made a strong start to 2023 executing on its platform model. Acquisitions made in 2022 have contributed to strong gross revenue growth of 24% to $194.9m (Q122 $156.6m). Bolt-on additions have formed a key part of the mix allowing CentralNic to build capability in two main areas. Firstly, ‘online presence’ which includes the basic tools to get an organisation online – so things like web addresses, websites, hosting, email etc., all paid for via annual subscriptions. Secondly, it provides ‘online marketing’ services which both help attract customers to a site and generate revenues paid for via rolling open-ended revenue share contracts.
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.