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An announcement from Team Internet Group ( (GB:TIG) ) is now available.
Team Internet Group PLC has released its audited annual report for 2024, showing a decrease in gross revenue by 4.1% to USD 802.8 million and a decline in operating profit by 82.1% due to impairment charges related to its subsidiary, Shinez I.O Ltd. Despite these challenges, the company achieved record adjusted operating cash flow of USD 99.1 million and maintained robust margins, demonstrating resilience in a shifting digital landscape. The company is focusing on strategic transformation, including AI-driven monetization and enhancing its tech stack, to position itself for sustainable growth and return to double-digit EBITDA growth by 2026.
More about Team Internet Group
Team Internet Group PLC is a global internet company that specializes in generating recurring revenue by facilitating connections between businesses and domains, brands and consumers, and publishers and advertisers. The company operates in the digital marketing and internet services industry, focusing on creating meaningful interactions and optimizing digital presence.
YTD Price Performance: -34.43%
Average Trading Volume: 842,366
Technical Sentiment Signal: Buy
Current Market Cap: £149M
For a thorough assessment of TIG stock, go to TipRanks’ Stock Analysis page.