Team Internet to report record gross revenue of $835 million

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, has announced its trading update for the full year 2023.

The Company now expects to report record gross revenue of c.USD 835 million, net revenue (gross profit) of c.USD 190 million and adjusted EBITDA¹ of c.USD 96 million for the financial year 2023. These represent increases of c.15%, c.7% and c.12% respectively versus the prior year, ahead of the recently upgraded market consensus² for 2023. Adjusted for acquisitions and FX, year-on-year organic growth³ for 2023 was c.12%.

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