Team Internet Group Plc (LON:TIG), the global internet company that generates recurring revenue from creating meaningful and successful connections: business to domains, brands to consumers, publishers to advertisers, has announced its audited annual report for the financial year 2023 is now available on the Group’s website at the following link: https://teaminternet.com/annual-interim-reports/. The annual report will shortly be posted to those shareholders who have opted to receive a hard copy.
A record year for revenue, adjusted EBITDA and profit after tax
Financial summary:
· Revenue increased by 15% to USD 836.9m (FY2022: USD 728.2m)
· Organic revenue growth of 13%
· Net revenue (gross profit) increased by 8% to USD 191.1m (FY2022: USD 177.7m)
· Adjusted EBITDA increased by 12% to USD 96.4m (FY2022: USD 86.0m)
· Operating profit increased by 26% to USD 42.3m (FY2022: USD 33.6m)
· Profit before tax increased by 98% to USD 29.3m (FY2022: USD 14.8m)
· Profit after tax increased to USD 24.3m (FY2022: loss of USD 2.1m)