Tremor has announced in today’s update that its platform’s momentum has continued to accelerate since its last update on 22 October. Tremor now expects FY20 revenue and EBITDA to be in the range of $390-400m for revenue (from $340-360m), and $50-52m for EBITDA (from $30-36m). This leads us to upgrade our FY20 and FY21 revenue forecasts by +13% and +12% to $394m and $470m, and upgrade our FY20 and FY21 EBITDA by +54% and +12% to $51m and $62m. The upgrades reflect that Tremor’s differentiated pla ....
30 Nov 2020
Tremor - Accelerating momentum drives FY20 & FY21 upgrades
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Tremor - Accelerating momentum drives FY20 & FY21 upgrades
Nexxen International Ltd. (NEXN:LON) | 234 -2.3 (-0.4%) | Mkt Cap: 326.6m
- Published:
30 Nov 2020 -
Author:
Michael Hill | Cavendish Research -
Pages:
24
Tremor has announced in today’s update that its platform’s momentum has continued to accelerate since its last update on 22 October. Tremor now expects FY20 revenue and EBITDA to be in the range of $390-400m for revenue (from $340-360m), and $50-52m for EBITDA (from $30-36m). This leads us to upgrade our FY20 and FY21 revenue forecasts by +13% and +12% to $394m and $470m, and upgrade our FY20 and FY21 EBITDA by +54% and +12% to $51m and $62m. The upgrades reflect that Tremor’s differentiated pla ....