31 May '18, 2pm

CentralNic reports 2017 earnings, merger with KeyDrive still in the works

Company reports revenue increase in 2017 and hopes to merge with KeyDrive in Q3. Domain name company CentralNic (London AIM: CNIC) published its 2017 annual report (pdf) today. Topline revenue increased from £22.1m in 2016 to £24.3m in 2017. Profit after tax was basically flat at £1.0, but the company’s Adjusted EBITA measure grew from £5.5m to £6.6m. CentralNic divides its business into three groups: Retail – domain name registrars such as Instra and Internet.bs Wholesale – registry services, such as managing the back end for .xyz Enterprise – mostly premium domain name sales, but also corporate domain management and dot-brands Revenue grew in the retail and wholesale divisions but slipped in enterprise. CentralNic has been on a premium domain hamster wheel that the company admits is running out of energy. On the wholesale side, revenue growth came mostly from .xyz and Ra...

Full article: https://domainnamewire.com/2018/05/31/centralnic-reports-...

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