Team Internet flags results at least in line with analyst expectations

15th Jun 2026 16:07

(Sharecast News) - Team Internet said on Monday that 2025 results remained in line with or above analyst expectations and that trading in 2026 to date was also in line with expectations, supported by improving Search profitability and strong growth in its Domains, Identity & Software and Comparison divisions.

The AIM-traded internet group said 2025 gross revenue fell to $481.9m from $802.8m, while net revenue declined to $136.2m from $187.5m and adjusted EBITDA dropped to $42.7m from $91.9m.

The company reported an operating loss of $49.9m after $41.7m of impairment charges, mainly related to Search, while adjusted operating cash flow was $66.0m and net debt fell to $87.6m from $96.4m.

For the five months to 31 May, Team Internet generated gross revenue of $148m, net revenue of $50m and adjusted EBITDA of $16m.

"The market is still pricing Team Internet for the disruption we have already worked through, not the stronger, more focused business we have built," said chief executive Michael Riedl.

The company said its strategic review was progressing, with an outcome on a potential sale of the Domains, Identity & Software division expected in the first half of the third quarter.

At 1549 BST, shares in Team Internet Group were up 0.63% at 39.75p.

Reporting by Josh White for Sharecast.com.

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