In a challenging environment, Tremor has reported net revenue of $64.9m, adjusted EBITDA of $30.1m, and already realised the initially anticipated $50m of annualised cost synergies following the Amobee acquisition on 13 September. The current macro conditions have led to Q3 22 net revenue c9% light of consensus of $71.5m, and while adjusted EBITDA is also c9% light of consensus of $33.3m, it already includes a positive contribution from Amobee after a -$22m EBITDA loss in the 12 months to 30 Jun ....
14 Nov 2022
Tremor - Strong synergies in a challenging Q3 market
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Tremor - Strong synergies in a challenging Q3 market
Nexxen International Ltd. (NEXN:LON) | 285 -1.4 (-0.2%) | Mkt Cap: 383.7m
- Published:
14 Nov 2022 -
Author:
Michael Hill | Cavendish Research -
Pages:
24
In a challenging environment, Tremor has reported net revenue of $64.9m, adjusted EBITDA of $30.1m, and already realised the initially anticipated $50m of annualised cost synergies following the Amobee acquisition on 13 September. The current macro conditions have led to Q3 22 net revenue c9% light of consensus of $71.5m, and while adjusted EBITDA is also c9% light of consensus of $33.3m, it already includes a positive contribution from Amobee after a -$22m EBITDA loss in the 12 months to 30 Jun ....