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Team Internet

Team Internet Group is a multinational services holding company headquartered in London, England, that provides distribution, online product comparison, and AI-driven digital customer solutions to businesses, brands, publishers, and consumers worldwide. Formerly known as CentralNic Group , the company rebranded to Team Internet Group in 2023 and is publicly traded on the () of the London under the ticker TIG, with additional listing on the OTCQX as TIGXF. Team Internet generates recurring revenue primarily through three operating segments: Domains, Identity & Software (DIS), which focuses on domain monetization and management; Comparison, which offers online product comparison services; and Search, which provides advertising and traffic monetization solutions. Recognized as one of Europe's fastest-growing technology companies by the Financial Times, Team Internet emphasizes creating meaningful online connections and has expanded through strategic acquisitions to enhance its global presence in the internet infrastructure sector. As of November 2025, is exploring the potential sale of its core domains business, which it believes could fetch a value exceeding its current .

History

Founding and Early Operations

CentralNic was established in 1996 in , , initially as a web services company focused on developing proprietary registry software to support the global distribution of domain names. originated from efforts in the mid-1990s to address the growing demand for domain name infrastructure during the early commercial expansion of the , providing shared registry services that enabled multiple top-level domains (TLDs) to operate on a single technical platform. This approach allowed for efficient management of domain registrations without each TLD requiring its own dedicated backend systems. In its early operations during the late , CentralNic played a significant role in supporting alternative DNS architectures amid the 's rapid growth and the limitations of the standard root zone managed by the (IANA). The company operated second-level domains under .com, such as GB.com and US.com, which served as practical alternatives to official TLDs (ccTLDs) in regions where access to primary ccTLDs was restricted or underdeveloped. These services catered to international users seeking localized domain options and helped bridge gaps in global internet addressing before widespread standardization. CentralNic's platform facilitated registrations for these alternative namespaces, contributing to the diversity of available domain choices at a time when the DNS system was evolving from academic and governmental control to broader commercial use. A pivotal early milestone occurred in November 2011, when CentralNic achieved direct accreditation as a from the Internet Corporation for Assigned Names and Numbers (), allowing it to handle registrations for generic TLDs (gTLDs) without relying solely on partnerships. Prior to this, the company had operated through reseller agreements and its registry services, but accreditation expanded its capabilities to interact directly with the authoritative DNS root. This step solidified CentralNic's position in the domain ecosystem and aligned its operations more closely with ICANN's governance framework. The initial of CentralNic centered on wholesale domain reselling, where it acted as an supplying to downstream registrars and resellers, alongside building and maintaining robust technical infrastructure for TLD operators. This dual focus on backend and networks emphasized scalability and reliability, enabling the company to support a variety of niche and emerging domain extensions without the overhead of full-scale registry operations for each. By prioritizing for , CentralNic established itself as a key enabler for smaller or alternative TLDs seeking cost-effective entry into the market.

Expansion, Acquisitions, and Rebranding

Following its on the market of the in September 2013, CentralNic Group PLC pursued an aggressive expansion strategy through strategic acquisitions to broaden its services and footprint. In December 2013, the company acquired the assets of DomiNIC GmbH, a developer of portfolio management software, enhancing its and capabilities for resellers and registrars. This move supported CentralNic's early post-IPO growth, enabling more efficient handling of data and processes across its expanding . The company's international expansion accelerated in the late with key deals targeting networks and regional portfolios. In 2018, CentralNic completed a transformative merger with KeyDrive SA for approximately $35.8 million, acquiring a portfolio of European top-level domains (ccTLDs) such as .eu and .de reseller rights, along with Key-Systems, a major . This acquisition significantly boosted CentralNic's presence in and global services, adding over 1 million under management and facilitating entry into new markets. Building on this, the 2019 acquisition of Team Internet AG for $48 million introduced advanced and technologies, diversifying revenue streams beyond traditional registry operations. The COVID-19 pandemic further catalyzed CentralNic's growth by accelerating the global shift to digital services, particularly in online presence and e-commerce. From 2020 to 2022, the company reported substantial revenue increases, with total revenue rising 71% to $410.5 million in 2021 from $240 million in 2020, driven by heightened demand for domain registrations and digital marketing tools amid remote work and online business expansions. Organic growth contributed 9% in 2020 and accelerated to 39% in 2021, underscoring the resilience and scalability of its services during the crisis. In September 2023, CentralNic Group rebranded to Team Internet Group PLC, with shares trading under the ticker TIG, to better reflect its evolution into a comprehensive services provider encompassing domains, , and software solutions. This rebranding highlighted the company's diversification since the 2019 Team Internet acquisition and its focus on connecting businesses and consumers online. A notable recent milestone came in June 2025, when Team Internet, in partnership with Colombia's CCI, was selected by the Colombian and Communications Technologies to operate the .co ccTLD for a 10-year term starting October 2025, migrating over 3.3 million domains and expanding its Latin American presence. In October 2025, the migration of the .co domains was successfully completed. In November 2025, Team Internet announced a strategic review process, initiated following approaches from potential buyers, to explore options including the potential sale of its core domains business, which believes could achieve a value exceeding its current of approximately £300 million.

Corporate Structure

Leadership and Governance

Team Internet Group plc is led by Michael Riedl, who was appointed in December 2022 and brings extensive experience in digital advertising and online marketing, including a prior role as CEO of an online marketing business acquired by . Prior to his CEO position, Riedl served as the 's Group CFO from 2019, following the acquisition of KeyDrive SA, where he had served as CFO since 2011, and holds advanced degrees including an MBA and a Harvard certificate. The is William Green, appointed in 2022 after joining as Director in 2019; Green is a Fellow of the Institute of Chartered Accountants in with prior senior finance roles at FremantleMedia and , focusing on tech and media sectors. These executives oversee strategic direction in a founded by Ben Crawford, who transitioned to an external advisory capacity after his tenure as CEO until 2022. The consists of a non-executive Chairman, Iain McDonald—a global tech and expert and founder of Belerion Capital—alongside two executive directors (the CEO and CFO) and five independent non-executive directors, ensuring a balance of independence and expertise as required by the . Key non-executive members include Samuel Dayani, a partner at Joseph Samuel Group involved in the company's early acquisition; Marie Holive, former CFO of NBC Universal; Claire MacLellan, ex-COO of ; Max Royde, managing partner at Kestrel Partners; and Horst Siffrin, a former German diplomat and ex-Chairman of KeyDrive SA. The board operates through dedicated committees for , , and nominations, chaired by independent non-executives to promote accountability and oversight in line with the Code's principles on board leadership, division of responsibilities, and evaluation. Corporate governance emphasizes integration of environmental, social, and governance (ESG) factors, with the board monitoring sustainability initiatives and reporting on ESG performance in annual filings, including carbon emissions and diversity metrics aligned with Streamlined Energy and Carbon Reporting guidelines. Data privacy compliance is a core policy, with operations adhering to the General Data Protection Regulation (GDPR) through robust handling practices outlined in the company's , ensuring lawful processing and user rights protection across EU activities. As an AIM-listed company on the London Stock Exchange since 2013, Team Internet maintains a of approximately £110 million as of November 2025, reflecting its governance framework's focus on transparency and shareholder value.

Subsidiaries and Key Acquisitions

Team Internet operates through a holding structure comprising over 20 operating companies, with its global headquarters in , , and offices in more than 10 countries including , the , , , and . These entities are primarily organized under parent companies such as CentralNic Limited and CentralNic EU SE, focusing on domain services, traffic monetization, and across regions like , , and . Among its core subsidiaries, CentralNic Reseller provides domain wholesale services, enabling resellers worldwide to access a portfolio of top-level domains through platforms originally developed from the RRPproxy system, which was rebranded in 2022. KeyDrive, acquired in 2018 for €40 million, manages country code top-level domains (ccTLDs) in and , including operations through Key-Systems , a leading , and OpenRegistry, which provides back-end registry services for select ccTLDs such as .vg and , via its 1API platform. This acquisition integrated KeyDrive's reseller infrastructure, enhancing Team Internet's vertical control over domain distribution. In 2024, Team Internet acquired Shinez I.O. Ltd for an enterprise value of USD 41.8 million, a performance marketing firm that bolsters the segment by integrating content publication and advertising capabilities with existing comparison platforms like Vergleich.org under VGL Publishing AG. Earlier, the 2022 acquisition of Fireball Search GmbH for €315,000 introduced legacy search technology, which has been integrated into ad networks to optimize traffic monetization and direct navigation services. The company's acquisition strategy emphasizes in domain registration, registry operations, and adjacent digital services such as and product comparison, with more than 15 deals completed since its IPO to expand geographic reach and service depth. As of November 2025, the company is considering the sale of its core domains business, potentially affecting its domain-related subsidiaries.

Business Segments

Domain Registry Services

Team Internet operates as a back-end registry services provider for top-level domains (TLDs), managing the technical infrastructure required for domain name registration, resolution, and maintenance in compliance with Internet Corporation for Assigned Names and Numbers (ICANN) and (IANA) standards. This includes handling (DNS) operations through a global network of 60 locations that process over 1 billion queries per day, ensuring 100% uptime for more than 21 years, as well as maintaining WHOIS databases for domain ownership information and enforcing registry policies such as registration restrictions and processes. The company supports over half of the top 20 new generic TLDs (gTLDs), acting as the authoritative registry for these extensions by coordinating with accredited registrars worldwide. A key aspect of Team Internet's registry operations involves monetization strategies for undeveloped or parked domains, where owners can generate through services provided via its ParkingCrew. This includes cash programs that display targeted advertisements on placeholder pages, sharing from ad clicks or impressions with domain owners, as well as affiliate programs that integrate promotional to drive commissions from user interactions. These tools are particularly effective for high-traffic undeveloped s, allowing Team Internet to optimize while facilitating potential domain sales or development. The technical foundation of these services relies on proprietary platforms, notably CentralNic's shared registry system, which serves as a scalable back-end for over 50 TLDs and enables efficient handling of registrations, renewals, and transfers across diverse extensions. This system integrates billing and cash collection for retailers, supports automated policy enforcement, and provides robust security features, including ISO 27001 certification for . By leveraging this infrastructure, Team Internet ensures seamless interoperability with ICANN's (EPP) for real-time domain management. Team Internet's in registry services is multifaceted, deriving primarily from fixed and fees under long-term registry contracts with TLD operators, wholesale to downstream for sales, and commissions from auctions and sales facilitated through platforms like TLD Registrar Solutions. These contracts often include performance-based incentives tied to registration volumes and operational reliability, while wholesale fees are charged per year processed. sales contribute additional income from high-value transactions, enhancing overall margins in this segment. As of 2025, Team Internet manages registrations for millions of domains globally, with approximately 12.9 million domain registration years processed in the trailing twelve months ending June 2025, reflecting a focus on expansion in emerging markets such as and through partnerships like the operation of Colombia's .co TLD. This scale underscores the company's role in supporting growth in underserved regions, where demand for affordable and reliable is rising. As of November 2025, the company has launched a strategic review exploring options including the potential sale of its core domains business, which management believes could be valued in excess of the group's current of approximately £300 million.

Identity and Software (DIS)

The Identity and Software () segment of Team Internet provides essential tools for establishing and securing presences, focusing on solutions, security certificates, and user-friendly software for website development. Core offerings include services that authenticate users through and methods, ensuring secure registrations and access for businesses. These services are integrated across brands such as OnlyDomains and domaindiscount24, which provide business functionalities tied to purchases for streamlined . Additionally, the segment issues SSL certificates to encrypt and protect websites from threats, available through brands like EuropeRegistry, AsiaRegistry, and GlobeHosting, supporting up to 256-bit encryption for secure transactions. Website builder platforms form another pillar, enabling seamless integration with domains for rapid site deployment. Tools like those from iwantmyname connect domains to popular applications for blogging, photography, and , while OnlyDomains offers hosting with one-click setup options. These products target small and medium-sized businesses (), enterprises, entrepreneurs, and individuals seeking affordable, secure online setups, with over 210,000 direct customers served globally. The segment caters particularly to mid-cap corporations and multinational brands in regions like , , and emerging markets, emphasizing ease of use for non-technical users through bundled domain-to-site deployment features. In 2025, the segment has driven significant growth amid the ongoing expansion following the , contributing to the group's resilience despite broader challenges. For the first half of 2025, DIS generated gross of USD 103.9 million and net of USD 37.9 million, accounting for approximately 39% of the group's H1 gross , with adjusted EBITDA rising 29% to USD 10.7 million due to operational efficiencies. Full-year forecasts project DIS adjusted EBITDA at USD 21-22 million, representing approximately 47-55% of the group's expected USD 40-45 million adjusted EBITDA as of 2025, underscoring its role in diversified income streams. This performance reflects a 7.9% net increase from levels, fueled by heightened demand for secure digital tools in online retail and services. Innovations within DIS enhance security and scalability, including AI-driven automation for customer verification processes to detect fraud in real-time during identity checks. The segment has introduced the program in 2024, consolidating multiple platforms into streamlined offerings for faster website builds and certificate issuance. Partnerships with cloud providers and platforms like , , and enable scalable , allowing integrations that support global resellers and over 2,600 users. These collaborations facilitate AI-enhanced ad tracking and personalized (TLD) experiences, improving user trust and efficiency. What differentiates DIS is its bundling of , , and software tools with services, creating a seamless for end-users without needing multiple vendors. This approach, backed by over 20 years of integration expertise and ISO 27001, 9001, and 22301 certifications, ensures high reliability and global accessibility to more than 1,200 TLD extensions. By focusing on and a robust network, the segment empowers SMBs and enterprises to establish fraud-resistant online identities quickly, setting it apart in a fragmented .

Comparison and Search

The Comparison segment of Team Internet operates aggregator platforms that facilitate price and product across sectors such as , , and , enabling consumers to access independent reviews and recommendations from multiple providers. These platforms, including Vergleich.org, primarily serve German-speaking markets but have expanded into , , and regions, with plans for English-speaking markets in 2025. occurs through affiliate commissions via rolling revenue-share contracts and chargeable clicks or redirects to sites like and , ensuring high-intent traffic conversion without reliance on third-party cookies. In 2024, the Comparison segment generated gross revenue of USD 63.0 million, a 43% year-over-year increase, driven by a 29% rise in visitor sessions to 188.5 million and a 22% improvement in to USD 249. This segment's net revenue reached USD 22.4 million, accounting for 12% of the group's total, with adjusted EBITDA surging 89% to USD 16.1 million, highlighting its scalability and focus on data-driven . As of November 2025, FY25 adjusted EBITDA is forecasted at USD 11-13 million. The Search segment encompasses networks that deliver targeted ads based on , including direct advertisements on parked domains and tools for publisher monetization such as domain traffic optimization. Platforms like handle referral traffic from native, search, and social sources, while ParkingCrew specializes in to generate pay-per-thousand ad impressions for domain owners. Operations emphasize privacy-safe, AI-generated consumer journeys through and review sites like Shinez, transitioning from legacy models like AdSense for Domains to revenue-share operating contracts by March 2025. These were integrated following the 2019 acquisition of Team Internet AG by CentralNic (now Team Internet Group), which brought established monetization capabilities. For 2024, the Search segment reported gross revenue of USD 537.1 million, down 11% year-over-year amid shifts in ad ecosystems, yet visitor sessions grew 16% to 6.8 billion, supporting net revenue of USD 91.5 million (49% of group total) and adjusted EBITDA of USD 56.4 million. In the first half of 2025, gross revenue stood at USD 132 million, reflecting ongoing adaptation to algorithmic changes. As of November 2025, FY25 adjusted EBITDA is forecasted at USD 8-10 million. Team Internet's integrated model leverages its domain portfolio to redirect to and Search results, creating seamless consumer pathways from resolution to affiliate-driven conversions or ad displays, which accounted for approximately 60% of group gross revenue in the first half of (USD 160 million out of USD 263.9 million). This enhances efficiency, with domains serving as entry points for high-volume, intent-based . Both segments adhere to data protection and consumer transparency standards, including GDPR for privacy-safe operations and general with advertising regulations to mitigate risks in traffic acquisition and . While specific adherence is embedded in broader policies, the company maintains dedicated teams to ensure transparent ad practices across its platforms.

Domain Portfolio

Country Code Top-Level Domains (ccTLDs)

Team Internet manages a portfolio of top-level domains (ccTLDs) as a registry or back-end , focusing on partnerships with governments to enhance national digital infrastructures. Through subsidiaries like CentralNic Registry and SK-NIC, the company oversees operations for ccTLDs in various regions, including , Europe, and the Pacific. These efforts involve technical infrastructure, policy compliance, and revenue generation to support local presence. A key example is the .co ccTLD for , awarded to Team Internet in partnership with Central Comercializadora de Internet (CCI) via the Equipo PuntoCo in June 2025. This 10-year agreement replaced the previous operator, , and includes a revenue-sharing model where the venture retains 8% of gross revenues from domain registrations and renewals, with 92% allocated to the Colombian Ministry of Information and Communications Technologies. The transition successfully migrated over 3.3 million .co in October 2025, one of the largest such operations recorded, leveraging CentralNic's scalable platform for seamless DNS and services. In Europe, Team Internet operates the .sk ccTLD for through its subsidiary SK-NIC A.S., managing over 477,000 registrations as of November 2025 as the exclusive national registry since its inception. The .sk domain supports 's , with SK-NIC donating 5% of annual revenues to the SK-NIC Fund, which has funded 129 projects totaling USD 1.8 million since 2019, including education initiatives like Skills4Teachers. Additional European and regional ccTLDs include .saarland for Germany's region, managed via DotSaarland , emphasizing local identity and geo-specific online promotion. Contracts for these ccTLDs typically last 5-10 years, with revenue-sharing arrangements tailored to governmental priorities, such as fixed fees or percentage-based models to fund national IT development. Team Internet extends its ccTLD services to other regions, providing back-end registry operations for domains like .la (), .pw (), .fm (), and .fo (). These agreements, often spanning 5-10 years, incorporate revenue-sharing with local authorities, ranging from 30-50% in some cases to support infrastructure while ensuring operational sustainability. Operationally, the company adapts to each ccTLD's local policies, including restrictions on registrant eligibility and content guidelines, while implementing (IDN) support for non-Latin scripts to accommodate linguistic diversity. Promotional strategies target underserved regions through reseller networks and awareness campaigns, aiming to increase adoption rates and digital inclusion in emerging markets. ccTLDs form a substantial part of Team Internet's domain portfolio, contributing to the Domains, Identity and Software () segment's net revenue of USD 73.6 million in , representing 39% of the group's total net revenue of USD 187.5 million. This segment saw 8% net revenue growth year-over-year, driven by expansions like the .co contract and rising demand for ccTLDs amid global digitalization trends, with average revenue per domain increasing 10% to USD 12.5.

New Generic Top-Level Domains (gTLDs)

Team Internet, formerly known as CentralNic Group, emerged as a significant participant in the new (gTLD) program initiated in 2012, which expanded the by delegating over 1,200 new gTLDs to the following the evaluation of nearly 2,000 applications. The company supported this expansion by acting as a backend provider for client applications and its own portfolio, leveraging its expertise in registry services to facilitate delegations and launches. This involvement positioned Team Internet as a leading backend provider, enabling the technical operations for multiple extensions during the program's rollout phase, which began delegations in 2014. Through strategic partnerships, Team Internet previously managed prominent new gTLDs such as .online, .site, .network, and .tech in collaboration with operators like Registry, providing essential infrastructure including DNS management, registrar integration, and compliance with requirements. .xyz is operated by XYZ.COM LLC. These efforts stem from the company's early accreditation as an registrar in 2011 and its subsequent mergers, such as the 2018 acquisition of KeyDrive SA, which broadened its capacity to support gTLD ecosystems. As of 2024, Team Internet oversaw more than 17 million domain names across 101 new gTLDs, underscoring its role in scaling the . Following the November 2025 migration of the portfolio to , Team Internet's new gTLD domain management has decreased by approximately 10 million domains. Operationally, Team Internet emphasized strategies for high-value domains within its gTLD portfolio, targeting brands seeking distinctive identities as affordable alternatives to saturated extensions like .com. initiatives focused on promoting these extensions to enterprises and developers, often through bundled services in the company's Domain, Identity, and Software () segment, which integrates domain launches with tools for building, hosting, and cybersecurity. This approach drove growth, with the segment processing 13.2 million years in 2024 and achieving a 10% year-over-year increase in average revenue per to $12.50. In terms of market position, Team Internet maintained a competitive edge through its network of over 1,500 registrars and partnerships with major players like and Newfold Digital. Looking ahead, the company is preparing for ICANN's next application round anticipated in 2026 by submitting expressions of interest and supporting client applications during the ongoing preparatory phase in 2025, including policy consultations on standardized data services. This continued engagement reflects its commitment to the program's evolution, despite recent transitions such as the November 2025 migration of certain partner portfolios to alternative providers.

Second-Level Domains

Team Internet facilitates the registration of second-level domains (SLDs) under the top-level domains (TLDs) it manages as a registry backend provider, enabling direct access for and end-users worldwide. Through its CentralNic platform, the company supports registrations across more than 1,200 extensions, including ccTLDs like .sk (Slovakia's national with over 477,000 registrations as of November 2025) and geo-TLDs such as and . This service operates via a of over 1,500 accredited registrars, allowing seamless hand-registration of available SLDs for businesses and individuals seeking targeted online presence. In the aftermarket, Team Internet offers sales of premium SLDs through auctions and brokerage facilitated by its subsidiaries, including BrandShelter's acquisition services. These brokerage options handle negotiations for high-value names, providing purchasing to protect buyers from competitive bidding or price inflation, with a focus on SLDs under unofficial country alternatives like .uk.com and .us.com. Such transactions cater to brands needing geographically evocative without official ccTLD restrictions. Monetization strategies for SLDs emphasize generation from expired or undeveloped domains via ParkingCrew, Team Internet's flagship parking platform. ParkingCrew deploys cash parking pages with targeted to capture , yielding ad through partnerships with major networks; it processes millions of domains globally, with auto-optimization ensuring maximum earnings per click. Hand-registration remains a key avenue for capturing high-value SLDs at standard fees, particularly for names under extensions like .online, where demand drives quick uptake post-release. Practical examples include SLD operations under .co.uk equivalents like .uk.com, which Team Internet maintains as a private registry for UK-focused branding, and .online for versatile web projects. The company provides bulk management tools through platforms such as Internet.bs, allowing portfolio owners to handle registrations, renewals, and transfers en masse with API integrations for efficiency. In 2025, Team Internet has emphasized SLDs tied to emerging technologies, including AI-related names under supported TLDs, aligning with industry-wide surges in registrations for terms like "ai" and "chat" as second-level components. While overall domain revenue faced headwinds from search monetization shifts, average revenue per domain rose 8% to $12.80 in the first half of the year, reflecting stronger focus on premium SLD flipping and sales.

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