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Nexxen International (NEXN)
NASDAQ:NEXN
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.16Last Year’s EPS
$0.2Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 15, 2024
|% Change Since: 31.29%
|Next Earnings Date:Mar 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook for Nexxen with significant growth in key areas such as CTV and adjusted EBITDA. The company has also secured new partnerships and clients, and raised its financial guidance for the year. However, there was a noted decline in the travel vertical, though it did not significantly impact the overall performance.Company Guidance
During the Nexxen third quarter earnings call, the company provided a robust set of metrics reflecting their financial and operational performance, along with forward-looking guidance. Nexxen reported a contribution ex-TAC of $85.5 million for Q3 2024, marking a 12% increase from Q3 2023, and achieved programmatic revenue of $81.6 million, reflecting 10% growth. Their CTV revenue saw a significant rise, reaching $29.7 million, which is a 52% increase from the previous year, and video revenue grew to account for 71% of programmatic revenue. The company also reported an adjusted EBITDA of $31.6 million, a 49% year-over-year increase, with a margin improvement to 37% from 28%. Nexxen raised its full-year adjusted EBITDA guidance to approximately $107 million from $100 million, while reaffirming its contribution ex-TAC forecast of $340 million to $345 million. The call highlighted strategic partnerships, data-driven advancements, and the integration of GenAI across their platform as key drivers for future growth.Record Q3 Results
Nexxen achieved record Q3 results with a contribution ex-TAC of $85.5 million, marking a 12% growth from Q3 2023.
Strong CTV Growth
CTV revenue reached $29.7 million in Q3, reflecting a significant 52% growth compared to Q3 2023. CTV revenue represented 36% of programmatic revenue, up from 26% in Q3 2023.
Adjusted EBITDA Increase
Nexxen reported an adjusted EBITDA of $31.6 million, a 49% increase year-over-year, with an adjusted EBITDA margin of 37%, up from 28% in Q3 2023.
New Partnerships and Clients
Nexxen added 138 new actively spending first-time advertiser customers, including 31 new enterprise self-service customers and 61 new supply partners in Q3.
Cash Flow and Share Repurchase
The company generated $39.9 million in net cash from operating activities, a more than threefold increase from Q3 2023, and repurchased approximately 5.1 million ordinary shares.
Raised Full Year 2024 Guidance
Nexxen raised its full-year 2024 adjusted EBITDA guidance to approximately $107 million from $100 million.
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NEXN Earnings History
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.
Beat
Missed
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NEXN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 15, 2024 | $7.67 | $7.48 | -2.48% |
| Aug 22, 2024 | $7.39 | $7.71 | +4.33% |
| May 20, 2024 | $5.73 | $5.91 | +3.14% |
| Mar 06, 2024 | $5.14 | $5.35 | +4.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nexxen International (NEXN) report earnings?
Nexxen International (NEXN) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Nexxen International (NEXN) earnings time?
Nexxen International (NEXN) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NEXN EPS forecast?
NEXN EPS forecast for the fiscal quarter 2024 (Q4) is $0.16.
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