Team Internet Group full-year 2023 earnings: EPS beats estimates

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).
Income and Expenditure Breakdown
Target: TIG Income and Expenditure Breakdown March 20, 2024

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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This article from Simply Wall St is general in nature. We only use unbiased methodologies to provide commentary based on historical data and analyst forecasts, and our articles are not intended to provide financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your objectives or your financial situation. Our goal is to provide you with long-term focused analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned.

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