Stock market cheers CentralNic’s first-half earnings

Company turns in solid results and expects to top analysts’ expectations for the year.

CentralNic (AIM: CNIC) previewed its H1 earnings today and cited continued strong topline growth.

Shares are up about 15% on the news.

The company said revenue was $335 million for the first six months of 2022, up 92% from the same period a year ago.

Trailing twelve months organic revenue growth was 62%. That’s up from the end of last quarter when the measure was 53%.

CentralNic’s Adjusted EBITDA number was up 85% year over year to $38 million.

You can credit the company’s online advertising business for the growth. The revenue per thousand (RPM) the company is receiving has doubled over the past year.

Despite general economic concerns, CentralNic’s board expects the company to hit “at least the upper end” of analysts’ expectations for the year. It says analyst expectations are $570 million to $603 million revenue and USD $66 million to $70 million adjusted EBITDA.

CentralNic owns ParkingCrew, Hexonet, Moniker, Instra, and other domain and advertising platforms.

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