Nexxen’s Q2 24 results show record Q2 net revenue of $83.1m or +1% ahead of consensus, Q2 adjusted EBITDA growth of +27% yoy to $26.8m or +19% ahead of consensus, and a confident reaffirmation of the FY24 guidance that leads us to reiterate our FY24E and FY25E forecasts at this point. Record Q2 programmatic revenue of $78.6m importantly includes record Q2 CTV revenue of $28.2m, which marks a return to +14% yoy CTV growth, due to stronger CTV demand and multiple initiatives showing excellent earl ....
22 Aug 2024
Nexxen - Q2 net revenue and EBITDA +1% and +19% ahead
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Nexxen - Q2 net revenue and EBITDA +1% and +19% ahead
Nexxen International Ltd. (NEXN:LON) | 316 37.9 3.9% | Mkt Cap: 421.1m
- Published:
22 Aug 2024 -
Author:
Michael Hill | Kimberley Carstens -
Pages:
25
Nexxen’s Q2 24 results show record Q2 net revenue of $83.1m or +1% ahead of consensus, Q2 adjusted EBITDA growth of +27% yoy to $26.8m or +19% ahead of consensus, and a confident reaffirmation of the FY24 guidance that leads us to reiterate our FY24E and FY25E forecasts at this point. Record Q2 programmatic revenue of $78.6m importantly includes record Q2 CTV revenue of $28.2m, which marks a return to +14% yoy CTV growth, due to stronger CTV demand and multiple initiatives showing excellent earl ....