CentralNic Group PLC (LON: CNIC) posted earnings on Monday, and 2022 was a very good year. With gross revenue up 77% compared to 2021. The stock closed up on Monday.
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CentralNic Group PLC on Monday said it booked record revenue in 2022, owing to its “outstanding business portfolio”.
The London-based domain name registry and registrar services firm said it expects 2022 gross revenue of about USD728 million, up 77% from USD410.5 million in 2021, and ahead of recently upgraded market expectations.
CentralNic said 2022 adjusted earnings before interest, tax, depreciation and amortisation are expected to be USD85 million, up 84% from USD46.3 million a year ago.
The company added that it expects net revenue of USD177 million, an increase of 33% from USD118.5 million a year ago.
Year-on-year organic growth in 2022 was about 60%, CentralNic said, largely due to the growth of its online marketing division, as a result of increasing demand for its privacy-safe online customer acquisition services, it said.
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