CentralNic repots 16% organic growth in Q1

Company reports organic growth in all three of its business segments.

CentralNic (London AIM: CNIC) reported earnings for Q1 today.

The company said its organic revenue grew 16% compared to Q1 2019. It said that all three of its business segments grew organically year over year.

With acquisitions, revenue grew 48% to $84.4 million and gross profit increased by 58% to $27.9 million. The company’s adjusted EBITDA number increased by 23% to $10.1 million.

The company expects full-year numbers to be in line with market expectations.

CentralNic is renaming its monetization segment “Online Marketing” because the company added multiple ad businesses last year. It said that none of its marketing platforms use third-party cookies or collect personal data on customers, so it expects them to do well as Chrome blocks third-party cookies and Apple institutes its new privacy controls.

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