Nine months unaudited results to 30 September 2024

Increasing gross margins and cost control provide the basis for sustaining bottom-line profitability and increased adjusted EPS

Team Internet Group Plc (AIM: TIG, OTCQX: TIGXF), the global internet company that generates recurring revenue from creating meaningful and successful connections: businesses to domains, brands to consumers, publishers to advertisers, announces its unaudited financial results for the nine months ended 30 September 2024 ("September 2024 YTD").

Financial summary:

• Gross revenue increased by 1% to USD 615.1m (versus nine months ended 30 September 2023 ("September 2023 YTD"): USD 611.7m)
• Net revenue (gross profit) increased by 4% to USD 143.6m (September 2023 YTD: USD 138.5m), with gross margin increasing from 22.6% to 23.3%
• Adjusted EBITDA(i) increased by 2% to USD 70.1m (September 2023 YTD: USD 68.8m), with adjusted EBITDA as a percentage of net revenue stable at approximately 49%
• Operating profit decreased by less than 1% to USD 31.2m (September 2023 YTD restated(ii): USD 31.4m), following a USD 2.7m higher amortisation charge, combined with a similar reduction in share-based payment expenses year-on-year
• Profit before tax decreased by 9% to USD 18.3m (September 2023 YTD: USD 20.0m)
• Profit after tax decreased by 7% to USD 11.9m (September 2023 YTD: USD 12.8m)
• Adjusted EPS (diluted) increased by 7% to USD 16.83 cents (September 2023 YTD restated(ii): USD 15.68 cents)
• Net debt(iii) of USD 99.7m (31 December 2023: USD 74.1m, 30 June 2024: USD 109.9m) and leverage(iv) of 1.20x. The Group has continued to be cash generative during Q3 2024, reducing net debt by USD 10.2m. As of September 2024 YTD, the Group has incurred non-operating cash outflows, including a cash outflow (net of acquired cash) of USD 31.8m for the acquisition of Shinez, USD 13.8m for share repurchases, and a USD 6.4m dividend payment
• Adjusted operating cash conversion of 91% (September 2023 YTD: 95%). We expect cash conversion to continue to normalise nearer to 100% over the remainder of the year

Q3 highlights:

• In the Online Marketing segment, for the core products of TONIC and ParkingCrew, the number of visitor sessions increased by 15% to 6.5 billion for TTM 2024 from 5.6 billion for the trailing twelve-month period ended 30 September 2023 ("TTM 2023"). Revenue per thousand sessions ("RPM") decreased by 18% from USD 97 to USD 79
• The Online Presence segment recorded organic revenue growth of 5% for TTM 2024
• Adjusted EBITDA as a percentage of net revenue reached 49% for September 2024 YTD, a slight decrease from 50% in September 2023 YTD. However, consistent quarter-on-quarter improvements have been observed throughout the year, supported by improved operating leverage, delivering Q3 2024 adjusted EBITDA of USD 23.5m (Q3 2023: USD 24.2m) with EBITDA conversion of 51% (Q3 2023: 51%)

Post period-end events:

• On 2 October 2024, a payment of USD 3.0m was made for the acquisition of M.A Aporia, related to contingent consideration tied to the ongoing employment of specific employees. We anticipate that this will be the last material acquisition related contingent payment across the Group
• Interim dividend of 1.0 pence per ordinary share paid on 4 October 2024

Outlook:

The Directors are pleased to report that Team Internet Group's core businesses remain strong and resilient. While our recent acquisition of Shinez has yet to contribute to EBITDA, we are actively adjusting its operating model and cost base to improve performance. The Group's established operations continue to provide a solid foundation for growth and cash generation. The Group remains on track to produce record profits in 2024 and 2025, albeit at more moderate growth rates than originally anticipated. The Group now expects to deliver approximately USD 97m adjusted EBITDA for 2024.

Looking ahead, the Directors are committed to maximising value across the Group's asset base. We continue to enhance the revenue and profitability of our Online Presence business, which now contributes a substantial share of our overall profitability and operates under a subscription-based revenue model. The Board will continue to assess group structure to maximise Shareholder returns.

Our portfolio comprises a mix of market-leading assets in digital marketing and domain management. While the Group's Online Marketing assets are more transactional and operate in structural growth markets, the Online Presence assets, though lower growth over an economic cycle, offer high predictability and profitability. The Board believes the market does not fully recognise the value of this diverse asset mix and is committed to providing greater information by reporting on the profitability of each of these divisions in the 2024 annual results, as well as separating out our Comparison business, which has grown to the extent that it is expected to qualify as a separate reporting segment. In addition, the Board intends to explore a range of options to increase Shareholder value including balance sheet optimisation through share buybacks and dividends, as well as a comprehensive review of asset ownership. Additionally, the ongoing deployment of AI tools across all business areas presents opportunities for automation and profitability enhancement.

The Group's commitment to operational efficiency, paired with continuous innovation, reinforces our confidence in delivering sustainable Shareholder value and returns.

Michael Riedl, CEO of Team Internet, commented: "Team Internet has delivered a resilient performance in our core businesses within a dynamic market environment and the Group is poised to maintain record levels of profitability. Although our recent acquisition has not yet contributed to EBITDA, I am confident in its strategic value to our long-term objectives. In contrast, our Comparison business, created from the acquisition of VGL Publishing AG, has grown significantly, demonstrating the success of our acquisition strategy. Our focus is now more than ever on realising synergies through strategic integration, enhancing value across the sum of the parts of our established assets and accelerating Shareholder returns. With our ongoing commitment to innovation and operational excellence, we are well-positioned to return to higher growth in profit and cash flow."

Results presentation:

There will be a webinar/conference call for equity analysts at 10am UK time today. This event will be hosted by CEO Michael Riedl and CFO William Green.

Further, an Investor Meet Company session will be held at 12pm UK time today: https://www.investormeetcompany.com/team-internet-group-plc/register-investor

(i)Earnings before interest, tax, depreciation, amortisation, impairment, non-core operating expenses, foreign exchange gains and losses, and share-based payment expenses

(ii)Please see note 12 for further information on prior period restatements, which are of the same nature as reported in the June 2024 unaudited interim financial statements

(iii)Includes cash (USD 93.3m), bank debt and prepaid finance costs (USD 192.3m) and hedging liabilities (USD 0.7m) as of 30 September 2024 (31 December 2023 cash (USD 92.7m), bank debt and prepaid finance costs (USD 166.6m) and hedging liabilities (USD 0.2m))

(iv)Includes Net Debt as defined under(iii)(a) excluding prepaid finance costs, (b) plus guarantee obligations, and (c) plus the best estimate of any crystallised deferred consideration payable in cash, all divided by pro forma EBITDA, i.e. last twelve months' EBITDA including acquired entities' EBITDA on a pro forma basis, and adjusted for rental expenses capitalised under IFRS 16 and non-core expenses

MANAGEMENT COMMENTARY ON PERFORMANCE

Introduction

Team Internet's core businesses continue to be robust and resilient, with the Group's established operations serving as a solid base for future growth and cash generation.

Performance overview

The Group's key financial metrics are listed below:

* Certain prior period figures are restated, please refer to note 12 for further information.

Online Marketing segment

Net revenue increased by 1% from USD 94.3m to USD 95.4m. The segment saw 15% growth in the number of consumer journeys, from 5.6 billion for TTM 2023 to 6.5 billion for TTM 2024. Click prices continue to be under pressure on both the demand (revenue) and supply (cost of sales) side, with RPM(1) decreasing by 18% from USD 97 to USD 79. These metrics relate to the TONIC and ParkingCrew platforms and do not cover the Group's product comparison business, VGL, where RPM has increased 19% to USD 246, with visitor sessions 33% higher.

During the period, in line with market best practice, the Group pursued higher traffic quality metrics and less reliance on short-form video. As a result, whilst volume growth remained healthy, it did not fully compensate for lower RPM. A key and significant investment in the last eighteen months is the launch of the search on content business model, and this is expected to assist the Group in improving both metrics over time.

Our Online Marketing segment aims to become the leading Digital Audience Matching platform. We match audiences and advertisers between platforms that are not innately integrated, such as linking social media users with search ad campaigns on leading search engines, programmatic display, and video ad inventory. We also connect users starting their product search on search engines with leading e-commerce platforms and their marketplace partners. In line with our OM2 - omni-media, omni-monetisation - vision, we continually expand our network of digital audiences and demand sources. By harnessing the power of artificial intelligence, we enhance the relevance and value of our first-party data as we expand our international footprint.

The Group aims to leverage the recently acquired Shinez platform to generate revenue from previously unmonetised TONIC and VGL visitor sessions through programmatic display and video advertising on a pay-per-view basis. In return, the behavioural insights gathered from TONIC and VGL will enable Shinez to more effectively connect advertisers with relevant audiences when viewing its content. By doing so, we will drive future profitability through improved targeting, increased RPM, and the accumulation of valuable first-party data. In response to unanticipated changes in Shinez's specific target markets and the resulting underperformance relative to expectations, the Group has swiftly taken corrective actions, including integrating additional advertising inventory, refining revenue optimisation strategies and a more general review of its operating model. Please refer to note 10.a for more information.

Online Presence segment

Net revenue increased by 9% from USD 44.2m to USD 48.2m, with much improved operating margins, continuing the year-on-year growth which the segment demonstrated throughout 2023, driven by the structural shift in demand towards Top Level Domains where Team Internet has a competitive edge. The number of processed domain registration years decreased by 6% from 14.0m for TTM 2023 to 13.2m for TTM 2024, and the average revenue per domain year increased by 13% from USD 10.8 to USD 12.2(2).

The Online Presence segment empowers businesses and individuals worldwide to create, maintain, and protect their digital identities, starting with a domain name. This segment serves its global subscriber base through both direct and indirect channels.

Michael Riedl

Chief Executive Officer

• Based on analysis of c.78% of the Online Marketing segment which can be adequately and reliably described by this KPI
• Based on analysis of c.86% of the Online Presence segment which can be adequately and reliably described by this KPI

All amounts relate to continuing activities

• Non-core operating expenses include items related primarily to acquisition, integration and other related costs, which are not incurred as part of the underlying trading performance of the Group, and which are therefore adjusted for, in line with Group policy. * Certain prior period figures are restated, please refer to note 12 for further information.

The financial statements on pages 1 to 21 were approved by the Board of Directors and authorised for issue on 11 November 2024.

* Certain prior period figures are restated, please refer to note 12 for further information.

• Share capital represents the nominal value of the Company's cumulative issued share capital.
• Share-based payment reserve represents the cumulative value of share-based payments recognised through equity and deferred tax assets arising thereon.

* Certain prior period figures are restated, please refer to note 12 for further information.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

General information

Team Internet Group Plc is the UK holding company of a group of companies whose principal activities create meaningful and successful connections from businesses to domains, brands to consumers, publishers to advertisers, enabling everyone to realise their digital ambitions. The Company is registered in England and Wales (company number 08576358). Its registered office and principal place of business is 4th Floor, Saddlers House, 44 Gutter Lane, London EC2V 6BR.

Basis of preparation

The financial results for the nine months ended 30 September 2024 have been prepared in accordance with the accounting policies outlined in the Group's 2023 statutory financial statements, except for the changes to IAS 1: Presentation of Financial Statements effective 1 January 2024 and the classification of the reassessment of contingent consideration in the income statement, and comply with the disclosure requirements of IAS 34: Interim Financial Reporting. The financial statements have been restated for the changes in accounting policies and errors in respect of contingent consideration, please refer to note 12 for further information.

The Group adopted the following new pronouncements during the period to 30 September 2024, which did not have a material impact on the Group's interim financial statements:

• Amendment to IFRS 16 - Leases on sale and leaseback; and
• Amendment to IAS 7 and IFRS 7 - Supplier finance.

The unaudited financial results are condensed and do not comprise statutory accounts within the meaning of section 434 of the Companies Act 2006. The financial statements for the year ended 31 December 2023, upon which the auditors issued an unqualified opinion, are available on the Group's website and did not contain statements under section 498(2) or (3) of the Companies Act 2006.

Going concern

As at 30 September 2024, the Group had access to over USD 148.3m of liquidity, comprising cash and cash equivalents of USD 93.3m and access to an undrawn Revolving Credit Facility (RCF) of USD 55.0m. In considering whether the Group's financial statements can be prepared on a going concern basis, the Directors have reviewed the Group's business activities together with factors likely to affect its performance, financial position and access to liquidity (including consideration of financial covenants).

The Group has net current assets of USD 19.2m at 30 September 2024. Current liabilities include USD 22.5m of liabilities not expected to result in a cash outflow in the foreseeable future, comprising deferred revenue of USD 8.1m and payments received on account from customers of USD 14.4m. Excluding these liabilities, the Group has net current assets of USD 41.7m.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS (continued)

Segment analysis

The Group has two reporting segments, Online Marketing and Online Presence. Online Marketing is comprised of three operating segments which meet the qualitative and quantitative thresholds for aggregation as one reporting segment. Online Presence is comprised of one operating segment.

Our Online Marketing segment aims to become the leading Digital Audience Matching platform, matching audiences and advertisers between platforms that are not innately integrated. Our Online Presence segment enables business and individuals globally to create, maintain and protect their digital identity online, commencing the journey with a domain name. The Online Presence segment is serving its global subscriber base through direct and indirect channels.

The Group's reporting segments performed as follows during the period:

The Group's revenue is invoiced directly to the following geographical areas:

* Certain prior period figures are restated, please refer to note 12 for further information.

Net finance costs

* Certain period figures are restated, please refer to note 12 for further information.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS (continued)

Earnings per share

Earnings per share has been calculated by dividing the consolidated profit after taxation attributable to ordinary Shareholders by the weighted average number of ordinary shares in issue during the period, plus vested options, as these options have little or no exercise price, less shares held in treasury and by the Group's Employee Benefit Trust.

* Certain prior period figures are restated, please refer to note 12 for further information.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS (continued)

Intangible assets

* Certain prior period figures are restated, please refer to note 12 for further information.

Net debt is shown in the table below:

The Group's drawn-down RCF of USD 45.0m (31 December 2023: USD 20.0m, 30 September 2023: USD 20.0m) is classified as a non-current liability following the IAS 1 amendment effective 1 January 2024 (see note 12 for further information). The RCF would become repayable if the Group breaches a quarterly covenant, which are leverage and interest cover covenants. There is no indication that the Group will breach these covenants.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS (continued)

• Business combinations
• Update on the Acquisition of Shinez I.O. Ltd

On 26 April 2024, Team Internet Group Plc acquired the entire issued share capital of a leading Israel-based online marketing business, Shinez I.O. Ltd.

Shinez specialises in the production and promotion of highly engaging content across diverse channels such as social media, search engines, and native networks. Its current 40 popular portals include luxandlush.com, cooking4all.com and theprimarymarket.com. Leveraging this expertise, Shinez monetises real-time visits through an expansive network of advertising exchanges, utilising cutting-edge technology and strategies. This approach maximises the revenue potential of each piece of content, and positions Shinez at the forefront of digital marketing innovation.

Team Internet acquired Shinez for an enterprise value of USD 41.8m, on a net debt-free basis and subject to customary adjustments for net working capital, payable in cash. The initial consideration represents a multiple of 4.0x Shinez's FY23 Adjusted EBITDA. Additional contingent consideration of up to USD 12.3m may become due subject to Shinez achieving ambitious financial targets over the next two years, payable in cash. As the USD 12.3m of contingent payments is also contingent on continued employment of specific employees, the fair value of this consideration will be charged to the income statement within non-core expenses as remuneration and is therefore not included within consideration in the table below. In view of the post-acquisition performance, the probability of any additional contingent consideration becoming due is negligible.

Total consideration payable in the table below of USD 42.5m comprises the enterprise value of USD 41.8m, less discounting of deferred consideration of USD 0.7m, plus working capital adjustments totalling USD 1.4m. Initial cash consideration, net of cash acquired, is USD 31.8m (USD 37.6m of initial cash consideration, less cash acquired of USD 5.8m).

The following table summarises the consideration paid for Shinez I.O. Ltd and the fair values of the assets and liabilities at the acquisition date, in line with Group policies. The fair values of the acquired assets and liabilities are provisional pending completion of the purchase price allocation as required under IFRS 3: Business combinations ("IFRS 3").

USD m

For the period post-acquisition to 30 September 2024, revenues of USD 21.7m, an adjusted EBITDA loss of USD 0.5m and a post-tax loss of USD 2.0m, including amortisation of acquired intangibles, have been generated by Shinez. If the acquisition had been made on 1 January 2024 the contribution to the Group's results, for the nine months ended 30 Sept 2024, would have been revenues of USD 50.3m, adjusted EBITDA of USD 0.7m and a loss after tax of USD 1.3m, including amortisation of acquired intangibles.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS (continued)

Business combinations (continued)

Goodwill arising on the acquisition primarily relates to the specific synergistic benefits able to be realised through Shinez being part of the larger Team Internet Group, as well as goodwill in relation to employees.

Since the acquisition of Shinez in April 2024, the asset has underperformed relative to expectations, primarily due to unanticipated changes in its specific target markets. In response, the Group has swiftly taken corrective actions, integrating additional advertising inventory and refining revenue optimisation strategies to enhance Shinez's performance.

While these measures aim to support Shinez's return to profitability, we currently expect limited EBITDA contribution in the near term. However, the technology, content library, social media reach, behavioural data, and skilled workforce assembled within Shinez represent a valuable asset base. We believe these elements will strengthen our competitive advantage as we advance our core Online Marketing services. The Shinez assets themselves will be redeveloped with a view to using primarily organic traffic, more short-form video content and higher intent advertising.

Deferred consideration payments

During the nine-month period ended 30 September 2024 the following deferred consideration payments were made:

• The final deferred cash consideration payment of USD 0.1m was made for the acquisition of NameAction in January 2024
• The final deferred cash consideration payment of EUR 1.0m (USD 1.1m) for the acquisition of SK-NIC was made in two instalments: EUR 0.4m (USD 0.4m) in March 2024 and EUR 0.6m (USD 0.7m) in May 2024
• A deferred cash consideration payment of USD 0.4m for the acquisition of Shinez I.O. Ltd was made in June 2024 in respect of operational milestones achieved
• In July 2024, a deferred consideration payment for the acquisition of M.A Aporia was settled in cash for USD 2.3m
• Share buyback programme and Employee Benefit Trust

During the period, the Company repurchased 7,913,694 shares under its share buyback programme at an average price of GBP 1.33 (USD 1.68), compared to 22,136,411 shares purchased in the year ended 31 December 2023 at GBP 1.27 (USD 1.59). These repurchased shares are held in treasury. The total value of share repurchases for the nine-month period ended 30 September 2024, including commission on shares purchased, amounted to GBP 10.6m (USD 13.4m).

At 30 September 2024 the Employee Benefit Trust ("EBT") held 5,926,601 shares (31 December 2023: 9,104,431 shares, 30 September 2023: 9,199,521 shares). In September 2024 YTD, the number of shares held in the EBT reduced due to satisfying the exercise of share options by employees of the Group. During 2024, 612,371 share options were granted, 3,165,730 share options were exercised and 885,278 share options were forfeited.

During the period 15,160,084 ordinary shares held in treasury were cancelled. Following the cancellation, the issued share capital of the Company is 273,500,000.

The number of shares held, and outstanding share options is as follows:

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS (continued)

Changes in accounting policies and correction of errors

Restatements have been made to the financial statements for the periods ended 31 December 2023 and 30 September 2023 as described below. There are no changes to taxation in respect of the restatements. Please note that these restatements are of the same nature as reported in the June 2024 unaudited interim financial statements.

Classification of borrowings and reassessment of contingent consideration - change in accounting policies

The consolidated statements of financial position at 31 December 2023 and at 30 September 2023 have been restated in line with the amendments to International Financial Statement IAS 1: Presentation of Financial Statements ("IAS 1"), effective 1 January 2024.

Following the changes to IAS 1, amounts drawn from the Group's RCF, and all prepaid finance costs, are classified as non-current liabilities in the financial statements. This is based on the Group's ability to defer payments for at least twelve months from the date of the financial statements as long as the Group is still in compliance with its banking covenants. This change in accounting policy has been applied retrospectively, with comparative figures for 31 December 2023 and 30 September 2023 restated, i.e. borrowings of USD 18.6m at 31 December 2023 and of USD 18.8m at 30 September 2023 have been reclassified from current to non-current borrowings.

The Group has also changed its policy in respect of the classification of changes in fair value of contingent consideration in respect of business combinations. Previously changes in the fair value of contingent consideration were recognised within finance costs. The Group has changed its policy to recognise such items within operating profit in instances where the fair value is reassessed as a result of over or underperformance by the acquired entity resulting in more, or less, consideration payable in relation to an earn-out. This change in accounting policy provides reliable and more relevant information on the nature of these transactions. Consequently, a credit of USD 2.8m in the nine-month period ended 30 September 2023, and in the year ended 31 December 2023, has been reclassified from finance costs to operating expenses (non-core expenses).

Contingent consideration - correction of errors

Fair value reassessments of contingent consideration after the finalisation of their fair value, but within twelve months of the date of acquisition, were previously accounted for as adjustments to goodwill. Under IFRS 3, such changes should be accounted for within the income statement. To correct this, USD 2.8m has been credited to operating costs (non-core expenses) within the income statement in the nine-month period ended 30 September 2023, and in the year ended 31 December 2023. Goodwill has increased by USD 2.1m at 31 December 2023 and 30 September 2023. There has also been an increase of USD 0.1m to goodwill in respect of foreign exchange differences which impacted the year ended 31 December 2023 related to these adjustments, nine-month period ended 30 September 2023 USD nil.

Contingent consideration should be reassessed at the end of each reporting period. Management did not fully reassess the contingent consideration at December 2023. Having now done so, based on the information available as at 31 December 2023, a further USD 2.1m has been credited to operating costs (non-core expenses) in the income statement for the year ended 31 December 2023 to correct this error and reduce the contingent consideration.

In line with IFRS 3, contingent consideration linked to the continued employment of owners of acquired entities should be treated as remuneration, charged to the income statement over the contingent period. Previously the Group treated these payments as part of the acquisition consideration for an acquired entity and included these amounts within goodwill. Consequently, in respect of one business combination, goodwill has been reduced by USD 5.6m at 31 December 2023 and 30 September 2023, and operating costs (non-core expenses) have increased by USD 3.6m in the year ended 31 December 2023 (of which USD 3.3m relates to nine-month period ended 30 September 2023). The impact on finance costs for the unwinding of the discount of deferred consideration is a reduction in finance costs of USD 0.2m for the year ended 31 December 2023 (of which USD 0.2m relates to the nine-month period ended 30 September 2023). Deferred consideration decreased by USD 5.1m at 31 December 2023 and USD 5.8m at 30 September 2023. Accruals in respect of contingent consideration treated as remuneration of USD 1.9m have been recognised at 31 December 2023 (30 September 2023: USD 4.4m). The impact on retained earnings at 1 January 2023 is USD 1.1m comprising contingent consideration treated as remuneration.

Impact on earnings per share

Earnings per share for the nine-month period ended 30 September 2023 and the year ended 31 December 2023 have been restated for the correction of errors shown in the table below.

In addition, in line with the change in policy within the audited 31 December 2023 financial statements, adjusted earnings per share for 30 September 2023 has been restated to exclude deferred tax, which mainly relates to items adjusted for within amortisation, and the treatment of vested and unvested options within the number of basic and diluted shares.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS (continued)

• Changes in accounting policies and correction of errors (continued)

The consolidated statement of comprehensive income, consolidated statement of financial position and consolidated statement of cash flows have been restated as follows:

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS (continued)

• Changes in accounting policies and correction of errors (continued)

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS (continued)

• Changes in accounting policies and correction of errors (continued)

Subsequent events

The following significant events occurred after the Group's period end date of 30 September 2024 and before the signing of these unaudited financial results on 11 November 2024:

• On 2 October 2024, a payment of USD 3.0m was made for the acquisition of M.A Aporia, related to contingent consideration tied to the ongoing employment of specific employees. We anticipate that this will be the last material acquisition related contingent payment across the Group
• Interim dividend of 1.0 pence per ordinary share paid on 4 October 2024

GLOSSARY

Adjusted earnings per share

Adjusted EBITDA

Adjusted operating cash conversion

Net debt

Non-core operating expenses

Organic revenue growth

Revenue by geographical location of indirect consumer

Revenue per domain year

Revenue per thousand sessions ("RPM")

Revenue generated for every thousand sessions or visits to a website.

Revenue per visitor session

Revenue generated from each visitor session to a website.

Top-Level Domain or 'TLD'