Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
The latest update is out from Team Internet Group ( (GB:TIG) ).
Team Internet Group reported its trading update for FY 2024, revealing a slight decline in gross revenue and adjusted EBITDA compared to the previous year. Despite this, the company achieved record operating cash flow and maintained balanced earnings composition. The DIS segment showed strong performance with above-market growth, while the Comparison segment benefited from its AI-native platform, driving notable revenue and EBITDA increases. However, the Search segment experienced challenges, prioritizing customer experience over volume growth. The company remains focused on sustainable earnings growth and shareholder returns through disciplined capital allocation.
More about Team Internet Group
Team Internet Group Plc is a leading global internet solutions company that focuses on creating connections between businesses and domains, brands and consumers, and publishers and advertisers. It operates primarily in the domain name management solutions and digital advertising markets, with significant operations in its Domains, Identity & Software (DIS) segment and its Comparison and Search segments. The company is known for its subscription-based recurring revenues and privacy-safe online consumer journeys.
YTD Price Performance: 14.77%
Average Trading Volume: 744,539
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £264.3M
For a thorough assessment of TIG stock, go to TipRanks’ Stock Analysis page.
