Team Internet Group earnings date
Team Internet Group (4CN) Q2 2026 Earnings Report
DE:4CN Q2 2026 EPS Results
- Actual EPS
- EUR 0.03
- Consensus EPS
- EUR 0.03
- Beat/Miss
- Met expectations
- One Year Ago EPS
- EUR 0.05
DE:4CN Q2 2026 Revenue Results
- Actual Revenue
- EUR 159.33M
- Expected Revenue
- EUR 55.14M
- Beat/Miss
- Beat by +EUR 104.19M
- YoY Revenue Growth
- -34.58%
Earnings Announcement Details
- Quarter
- Q2 2026
- Date
- 09/07/2026
- Time
- Before Open
- Conference Call
- Monday, September 7, 2026
Team Internet Group's next earnings date is estimated for November 24, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
The call was predominantly positive: management reported delivery in line with commitments, strong Comparison growth, improved margins, a return to group operating profitability, and a completed Search transition with profitability emerging in June and continuing through July and August. The main negatives were the expected gross revenue decline, the $2.6 million Search loss in H1, higher net debt, temporary DIS volume and EBITDA-conversion declines, and the lack of a completed DIS transaction. Highlights significantly outweighed the lowlights.
Management expects net debt to decrease to around $100 million by the end of the year, with year-end net debt somewhere between $94 million and $100 million, and it is a challenge to get under $100 million; H2 earnings are expected to be stronger, with the trend of year-on-year earnings growth continuing in the second half of 2026. DIS is expected to show growth on all three numbers at the latest in 2027. Search is expected to contribute in the second half of 2026, mop up as much as possible of its H1 loss of $2.6 million, and potentially break even for the year; it is expected to become a meaningful profit contributor through 2027 into 2028, with Search OpEx running at a lower number than the $20 million annualized figure. AdSense for Domains will be zero in the second half of the year, while the strategic review remains expected to result in a transaction around year-end, with value materially exceed $160 million, although there cannot be certainty that a transaction will be agreed.
- H1 Trading Delivered in Line with CommitmentsManagement said H1 trading was in line with consensus, adjusted EBITDA was ahead of the second half of 2025, and group operating profit returned to the black.
- Improved Revenue Quality and Gross MarginNet revenue was $61 million, while gross margin increased from 28% to 34%, a 6 percentage-point improvement. Management attributed the improvement to a richer revenue mix and a greater share of each revenue dollar being retained by the group.
- First-Half Operating Profit ReturnedAdjusted EBITDA was $9.5 million, ahead of the second half of 2025, which management said means the trough is behind the group. Operating profit was $3 million, the group's first half-year operating profit since the first half of 2024.
- Comparison Became the Second Earnings PillarComparison net revenue increased 38% and profits increased 56%. The segment opened a substantial new customer acquisition channel and is now becoming the group's second earnings pillar.
- Comparison Delivered Strong Operational LeverageComparison achieved 68% conversion of net revenue into EBITDA, with profits growing faster than revenue. Management cited deeper monetization through manufacturer and retailer commissions, higher conversion rates, higher basket sizes, higher commission rates, and the use of agentic AI to reduce hiring needs as drivers.
- Comparison International Expansion ProgressedInternational sales increased from 5% to 5.2% of Comparison sales. France materially outgrew the German-speaking core markets and was described as progressing toward becoming a powerhouse, while the group continued investing in already profitable international markets.
- New Comparison Acquisition Channels DevelopedComparison developed conversion funnels for shopping ads and plans to use them to engage customers on social media, expanding acquisition beyond classical Google Search text ads.
- DIS Continued to CompoundDIS net revenue increased 8% against both halves of last year, profit increased 28%, and the segment achieved a 34% margin on net revenue.
- DIS Diversification AdvancedValue-added services, including registry services, SSL certificates, trustee services, and software, represented almost 19% of DIS revenue, compared with only slightly north of 17% previously.
- Search Transition Reached ProfitabilityManagement said Search completed its transition, became profitable in June, and remained in a similar position in July and August. Search moved from being a drain on profitability and cash in January through May to contributing to the group.
- Search Monetization Shifted to New ProductsAdSense for Domains was negligible in H1 and will be zero in H2. Next-generation monetization products, including RSOC and other formats, represented 90% of Search revenue, compared with 24% a year earlier.
- Search Operating Efficiency ImprovedManagement said Search operating expenses were already running materially below the approximately $10 million reported for H1, implying a lower annualized figure. The group also highlighted a consequential application of agentic AI and increased automation.
- Balance Sheet Flexibility ImprovedThe facilities agreement was amended, covenant headroom was materially widened, and facility maturities were aligned so that no lender within the facility needs to be repaid from it until October 2027. Management said executable refinancing options exist and the balance sheet does not depend on a transaction from the strategic review.
- Strategic Review AdvancedThe strategic review was described as being at an advanced stage, with discussions ongoing and multiple parties interested in all or parts of DIS. The board reaffirmed its expectation that value would materially exceed $160 million, with any agreed transaction expected to complete around year-end.
- Damages Claims Process ContinuedManagement said competitive disadvantage and corresponding damages had been established by final regulatory decisions, courts had ruled favorably for other claimants in comparable proceedings, and the group's own recovery process was well underway and self-funded.
- Capital Allocation Framework OutlinedManagement said that following a disposal or major antitrust award, the intended sequence would be to retire debt, return excess capital through a potential buyback or special dividend, and reinstate the dividend policy that was suspended in 2025. Future M&A is expected to remain a strategic tool but with a more selective approach.
- Positive Second-Half OutlookManagement expects the group's structurally stronger second half to continue, supported by peak Q4 e-commerce activity. The group plans to further grow DIS, broaden Comparison into new customer groups and countries, manage Search for profitability, and continue the strategic review. It expects a stronger H2 2026 and continued year-on-year earnings growth in the second half.
- AI Resilience and Cost Advantages HighlightedManagement said traffic and conversion numbers continued to show upward trends despite the launch of generative AI tools. It stated that pre-built Comparison websites have compute costs about 99% lower than Anthropic or OpenAI, load faster, reduce reliance on prompting skills, and help address hallucination and data-decay issues.
DE:4CN Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Nov 24, 2026 | 2026 (Q3) | ―- | 0.05 | ― | ― |
| Sep 07, 2026 | 2026 (Q2) | 0.030.03 | 0.05 | -45.76% (-0.02) | |
| Jun 15, 2026 | 2025 (Q4) | ―0.03 | ― | ― | |
| May 25, 2026 | 2026 (Q1) | ―- | ― | ― | |
| Nov 25, 2025 | 2025 (Q3) | ―- | 0.1 | ― | |
| Sep 01, 2025 | 2025 (Q2) | ―0.05 | 0.1 | -44.86% (-0.04) | |
| May 19, 2025 | 2025 (Q1) | ―- | 0.06 | ― | |
| Mar 24, 2025 | 2024 (Q4) | 0.14-0.11 | 0.04 | -384.85% (-0.15) | |
| Nov 11, 2024 | 2024 (Q3) | ―0.01 | 0.14 | -94.69% (-0.13) | |
| Aug 12, 2024 | 2024 (Q2) | ―0.10 | 0.1 | -5.31% (-0.01) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
