Team Internet Group Expects Earnings Growth in Second Half of 2026
Team Internet Group PLC (TIG) reported that it expects to return to year-on-year earnings growth in the second half of 2026, driven by its Search division returning to profitability in June. The company has completed a transition away from legacy AdSense for Domains revenue and is seeing improvements across several segments. Adjusted EBITDA fell 21% year on year to $19.5 million for the six months ending June but improved 8% compared to the second half of 2025. Net revenue declined by 16% to $61 million, while gross margin expanded significantly from 27.6% to 34.1%. The Comparison division saw a strong performance with adjusted EBITDA rising 54%, and Domains, Identity & Software also showed growth. Despite the Search segment recording a loss of $2.6 million for the half-year period, it turned profitable in June due to cost reductions and operational improvements like automation and expansion of Related Search on Content.
Topics: adjusted EBITDA debt increase financial performance revenue decline