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 revenue experienced a significant surge of 18%, reaching $396.4 million, while net revenue saw a growth of 11%, amounting to $91.2 million. Underlying earnings (adjusted EBITDA) also increased by 16% to $44.6 million, with adjusted EPS rising by 34% to 11.37 cents.
CEO Michael Riedl expressed the company’s commitment to strengthening its business model through initiatives that boost operating leverage, stating, “Our ongoing efforts aim to create a market leader in its field and maximize shareholder value.”
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.