Tremor has reported strong FY20 results with EBITDA +3% ahead of our estimate, and has highlighted that its strong momentum is continuing in Q1 21, and stated that it is exploring the potential of a dual-listing in the US. FY20 gross revenue of $405m is in line with our prior estimate, and the operational gearing of Tremor’s platform has driven H2 20 EBITDA to $58.7m of $60.5m of FY20 EBITDA, after a heavily COVID-impacted H1 20. With Tremor’s US peers guiding for Q1 21 revenue growth of 13-41%, ....
10 Mar 2021
Tremor - FY20 +3% ahead, strong Q1 momentum
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Tremor - FY20 +3% ahead, strong Q1 momentum
Nexxen International Ltd. (NEXN:LON) | 211 0 0.0% | Mkt Cap: 294.9m
- Published:
10 Mar 2021 -
Author:
Michael Hill | Cavendish Research -
Pages:
25
Tremor has reported strong FY20 results with EBITDA +3% ahead of our estimate, and has highlighted that its strong momentum is continuing in Q1 21, and stated that it is exploring the potential of a dual-listing in the US. FY20 gross revenue of $405m is in line with our prior estimate, and the operational gearing of Tremor’s platform has driven H2 20 EBITDA to $58.7m of $60.5m of FY20 EBITDA, after a heavily COVID-impacted H1 20. With Tremor’s US peers guiding for Q1 21 revenue growth of 13-41%, ....