Team Internet Group (TIG) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with a welcome to both in-person and online shareholders, with instructions for participation and Q&A submission.

• The meeting was declared open after confirming a quorum, and housekeeping rules were outlined.

• The board and executive team were introduced, with apologies noted for absent directors.

Financial performance review

• Domains, Identity, and Software division reported $203 million in revenue and over $19 million EBITDA for 2024.

• Comparison division achieved top position in German product comparison, with significant user trust and international expansion underway.

• Search division generated over $500 million in revenue and $50 million EBITDA, currently transitioning to a new ad product.

• Interim margin compression expected in Search due to transition, with EBITDA guidance for 2025 set at $60–62 million.

• Double-digit growth anticipated from 2026 onward, with Domains in strongest historical condition.

Board and executive committee updates

• Board composition and committee roles were detailed, including Audit and Risk, and Remuneration and Nomination Committees.

• Several directors were absent but sent apologies.