Artwork

Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

Team Internet CEO Michael Riedl on strong first-half performance; Shinez integration

7:22
 
Share
 

Manage episode 433992172 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Team Internet Group PLC (AIM:TIG, OTCQX:TIGXF) CEO Michael Riedl takes Proactive Stephen Gunnion through the company’s first-half results. Riedl highlighted the continuation of growth in gross revenue, alongside an even faster increase in net revenue, leading to adjusted EBITDA reaching $46.6 million. Additionally, he emphasised the 13% rise in operating profit compared to the first half of 2023 and a 14% increase in adjusted EPS, resulting from a share buyback initiative. Riedl also discussed the factors contributing to this growth, particularly the strong performance of their German product comparison business and the retail domain business. He noted that the average price per domain name has risen to $11.90, driven by a favourable product mix and the strength of the retail segment. Furthermore, Riedl touched on the expected normalisation of cash conversion to around 100% for the full year, which was slightly impacted in the first half due to technicalities with payment timings. Finally, Riedl shared insights on the successful integration of Shinez, TONIC, and VGL into a synergistic platform, highlighting the reciprocal synergies these businesses are creating across different stages of the conversion funnel. Visit Proactive's YouTube channel for more videos, and don’t forget to like, subscribe, and enable notifications for future updates. #TeamInternetGroup #FinancialResults2024 #TechIndustryGrowth #MichaelRiedl #InvestorUpdate #EBITDA #OnlineMarketing #DomainBusiness #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
  continue reading

614 episodes

Artwork
iconShare
 
Manage episode 433992172 series 2891889
Content provided by Proactive Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Proactive Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Team Internet Group PLC (AIM:TIG, OTCQX:TIGXF) CEO Michael Riedl takes Proactive Stephen Gunnion through the company’s first-half results. Riedl highlighted the continuation of growth in gross revenue, alongside an even faster increase in net revenue, leading to adjusted EBITDA reaching $46.6 million. Additionally, he emphasised the 13% rise in operating profit compared to the first half of 2023 and a 14% increase in adjusted EPS, resulting from a share buyback initiative. Riedl also discussed the factors contributing to this growth, particularly the strong performance of their German product comparison business and the retail domain business. He noted that the average price per domain name has risen to $11.90, driven by a favourable product mix and the strength of the retail segment. Furthermore, Riedl touched on the expected normalisation of cash conversion to around 100% for the full year, which was slightly impacted in the first half due to technicalities with payment timings. Finally, Riedl shared insights on the successful integration of Shinez, TONIC, and VGL into a synergistic platform, highlighting the reciprocal synergies these businesses are creating across different stages of the conversion funnel. Visit Proactive's YouTube channel for more videos, and don’t forget to like, subscribe, and enable notifications for future updates. #TeamInternetGroup #FinancialResults2024 #TechIndustryGrowth #MichaelRiedl #InvestorUpdate #EBITDA #OnlineMarketing #DomainBusiness #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
  continue reading

614 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Quick Reference Guide