Nexxen has announced Q4 net revenue +2% ahead of consensus, Q4 adjusted EBITDA +4% ahead of consensus, and FY24 guidance that leads our FY24E revenue and EBITDA to be +3% and +4% ahead of consensus. Q4 net revenue of $90.5m is +2% ahead of Q4 consensus of $88.5m, with the Programmatic division’s $86.0m of net revenue delivering 95% of group net revenue. After successfully realising $65m of annualised synergies from the Amobee acquisition at Q2 23 results, strong cost control has driven Q4 adjust ....
06 Mar 2024
Nexxen - Q4 results +2-4% ahead of cons, FY24E forecasts +3-4% ahead
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Nexxen - Q4 results +2-4% ahead of cons, FY24E forecasts +3-4% ahead
Nexxen International Ltd. (NEXN:LON) | 258 14.2 2.2% | Mkt Cap: 355.2m
- Published:
06 Mar 2024 -
Author:
Michael Hill | Kimberley Carstens -
Pages:
26
Nexxen has announced Q4 net revenue +2% ahead of consensus, Q4 adjusted EBITDA +4% ahead of consensus, and FY24 guidance that leads our FY24E revenue and EBITDA to be +3% and +4% ahead of consensus. Q4 net revenue of $90.5m is +2% ahead of Q4 consensus of $88.5m, with the Programmatic division’s $86.0m of net revenue delivering 95% of group net revenue. After successfully realising $65m of annualised synergies from the Amobee acquisition at Q2 23 results, strong cost control has driven Q4 adjust ....