Team Internet Group (LON:TIG) 2023 Full Year Results
Key financial results
- Revenue: $836.9 million (15% increase from fiscal 2022).
- Net profit: $24.3 million (up from a loss of $2.08 million in fiscal 2022).
- Margin: 2.9% (up from net loss in FY22). The earnings turnaround was driven by higher revenue.
- Earnings per share: $0.089 (up from a loss of $0.008 in fiscal 2022).
All data shown in the table above is for the trailing 12 month (TTM) period
Internet Team’s earnings per share beat expectations
Revenues were in line with analysts’ expectations. Earnings per share (EPS) beat analysts’ expectations by 92%.
The main driver of revenue over the past 12 months was the online marketing segment, which contributed $657.1 million in total revenue (79% of total revenue). Notably, cost of sales worth $645.8 million accounted for 77% of total revenue, highlighting the impact on earnings. The largest operating expense was general and administrative costs, which amounted to $148.8 million (89% of total expenses). Learn how TIG’s revenues and expenses affect its earnings.
Looking ahead, revenue is expected to grow at an average annual rate of 6.6% over the next 3 years, compared with a 3.2% growth forecast for the UK media industry.
performance British media industry.
The company’s shares were essentially unchanged from a week ago.
Risk Analysis
We didn’t want it to rain too much on the parade, but we also found 2 Warning Signs for Team Internet Group You need to pay attention.
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