Nexxen’s Q3 24 results show Q3 net revenue growth of +12% yoy to a Q3 record of $85.5m or +1% ahead of consensus, Q3 adjusted EBITDA growth of +49% yoy to $31.6m or +31% ahead of consensus, upgraded guidance for FY24 adjusted EBITDA of c$107m that leads us to upgrade our FY24E and FY25E adjusted EBITDA by +7% and +3%, and the proposed delisting of Nexxen shares from AIM. Record Q3 programmatic revenue of $81.6m or +10% yoy growth has been driven by a strong performance from numerous initiatives ....
