Team Internet Group Plc (LON:TIG), the global internet company that generates recurring revenue from creating meaningful and successful connections: businesses to domains, brands to consumers, publishers to advertisers, is pleased to announce its unaudited financial results for the nine months ended 30 September 2023.
September 2023 YTD Financial Summary:
● Gross revenue increased by 16% to USD 611.7m (nine months ended September 2022 (“September 2022 YTD”): USD 526.7m)
● Organic revenue growth* for the trailing twelve months ended 30 September 2023 (“TTM 2023”) of approximately 19%
● Net revenue (Gross profit) increased by 8% to USD 138.5m (September 2022 YTD: USD 128.3m)
● Adjusted EBITDA** increased by 11% to USD 68.8m (September 2022 YTD: USD 62.0m)
● Adjusted EPS increased by 28% to USD 17.56 cents (September 2022 YTD: USD 13.68 cents)