Ann: Half Year Accounts, page-111

The big opportunity for growth based on recognized revenue is that it understates its true growth rate for informed investors, hence why WCG should introduce a non-GAAP metric called Collections.

Collections are calculated as revenue plus change in deferred revenue. Wix & GoDaddy reports this in its quarterly earnings and WCG could do the same.

But to answer your question directly it's important to listen to JD and then you will see why 5G networks is growing.

Webcentral CEO Joe Demase on Q2 2022 Results - Earnings Call Transcript

Feb. 21, 2022 11:04 AM

"So it's going to be quite an interesting 6 months. The domain names are certainly becoming just as important or if not more important than trademarks these days. So it's a really exciting time for the industry and exciting opportunity for us. We've launched a -- the second part of this is we launched a cloud port product.

So we spoke about -- we've run dark fiber around fiber network to 80 data centers across Australia. We're now connecting a cloud product, which allows you to connect from 1 data center to another data center, we've lit up with a product called Ciena, automated provisioning for 25 data centers here in Australia, but we can also give you direct connectivity to LA, Singapore, New Zealand, Tokyo from March, and that's anywhere from 1 gigabit per second capacity up to 100 gigabit per second capacity."

https://seekingalpha.com/article/4488816-webcentral-group-fngwf-ceo-joe-demase-on-q2-2022-results-earnings-call-transcript