Team Internet Group reveals strategic growth initiatives after strong FY23 performance [Video]

Team Internet Group PLC (AIM:TIG, OTCQX:TIGXF) showcased its financial achievements and strategic directions during the Proactive One2One Investor Forum. The CFO, William “Billy” Green, alongside the Head of Investor Relations, Martin Surzyn, delineated the company’s operations across two main segments: the longstanding online presence business and the burgeoning online marketing sector.

The latter has significantly contributed to Team Internet’s growth, with a 14% increase in gross revenue to £657 million in FY23, and nearly 6 billion facilitated online consumer journeys. The online presence segment, operating under the brand CentralNic, is recognised for its domain provision services.

A notable emphasis was placed on the company’s robust growth, underpinned by a 15% revenue increase in FY23, primarily attributed to organic growth within both operational segments. The presentation highlighted the strategic significance of industry megatrends, notably the shift towards social media and the consequent advertiser reliance on Team Internet’s ad tech platform, Tonic, to bridge consumer engagement from social …