Team Internet Group plc (LSE:TIG) reported unaudited results for 2025 broadly in line with market guidance, posting gross revenue of $481.9 million, net revenue of $136.2 million and adjusted EBITDA of $42.7 million. While these figures represent a notable year-on-year decline, they landed near the upper end of analyst expectations. During the period, the company lifted its gross margin to 28.3%, improved cash generation and lowered net debt, even as structural changes within its Search division weighed on traffic volumes and monetisation performance.
The group said its core platforms — Domains, Identity & Software and Comparison — continued to demonstrate stability and now account for roughly 80% of group EBITDA. These segments are also seeing increasing adoption of higher-margin, value-added services. Meanwhile, management confirmed that negotiations over a potential sale of the DIS segment are progressing positively and could result in a valuation exceeding the company’s current market capitalisation. Such a transaction could significantly reshape the portfolio and unlock shareholder value while the Search business transitions toward newer monetisation models.
The company’s stock score is mainly influenced by financial pressures, including declining revenues and relatively high leverage levels. Technical indicators also suggest a bearish trend in the shares. Valuation metrics remain challenged by a negative price-to-earnings ratio, although this is partly offset by the presence of a dividend yield. The ongoing strategic review is viewed as a constructive corporate development that could support longer-term growth and value creation.
More about Team Internet Group
Team Internet Group is a global provider of internet infrastructure and digital marketing solutions focused on enabling online identity and discovery for businesses, brands and consumers. The company operates domain name management, identity and software solutions through its DIS segment, while its Comparison and Search divisions generate digital advertising revenue, largely through recurring and revenue-share-based business models.
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