Team Internet said discussions on division disposal proceeding well
Team Internet Group PLC on Monday said the discussions to dispose its Domains, Identity & Software are continuing to progress well and that it will deliver full-year audited results above or near the top end of expectations.
In a trading update, the London-based internet services multinational said its board remains confident that any transaction regarding the DIS segment ‘would deliver a value-maximising outcome in excess of the group’s current market capitalisation’.
Team Internet shares were up 4.2% to 41.15 pence each on Monday afternoon in London.
It also reiterated that it expects to announce revenue of $481.9 million in 2025, down 40% from $802.8 million the previous year but well within the expectation range between $371 million and $541 million.
The company said the reduction ‘primarily reflects the previously disclosed transition within the search segment from legacy monetisation channels towards next-generation solutions’.
It also expects report adjusted earnings before interest, tax, depreciation, and amortisation of $42.7 million, down 54% from 2024’s $91.9 million, in the audited results.
Chief Executive Officer Michael Riedl said that the core platform remains robust and that ‘Looking ahead, we view the year with confidence’.
‘Continued operational recovery, combined with disciplined capital allocation and potential strategic portfolio actions, creates opportunities to unlock and grow shareholder value’, he added.
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