Team Internet Group plc Earnings Recaps
Q2 2026
Sep 9, 2026
Team Internet’s shares were flat after results, reflecting a broadly in-line update rather than a clear upside surprise. The group returned to operating profitability and delivered strong Comparison growth, but gross revenue fell 33% year-on-year as Search transitioned away from AdSense for Domains.
Key takeaways
- H1 gross revenue declined 33% to $179 million, while net revenue was $61 million; gross margin improved six percentage points to 34%.
- Adjusted EBITDA was $9.5 million, below the prior-year first half but ahead of H2 2025; operating profit returned to positive territory at $3 million.
- Comparison net revenue grew 38% and profits increased 56%, supported by a new customer-acquisition channel; management described it as the group’s second earnings pillar.
- DIS net revenue rose 8% versus both comparative half-years, with profit up 28% and value-added services reaching nearly 19% of revenue.
- Net debt stood at $117 million. Management reaffirmed that year-end net debt should be broadly in line with market consensus, while refinancing work continues.