The following is a summary of the Nexxen International Ltd. (NEXN) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Nexxen achieved Q3 contribution ex-TAC of $85.5 million, reflecting a 12% year-over-year growth.

• Programmatic revenue reached $81.6 million, up 10% from Q3 2023, with CTV revenue growing 52% to $29.7 million.

• Adjusted EBITDA was $31.6 million, growing 49% year-over-year, with margins increasing to 37% from 28%.

• Non-IFRS diluted earnings per share increased to $0.14 in Q3 2024 from $0.09 in Q3 2023.

Business Progress:

• Nexxen leveraged its end-to-end platform, emphasizing strong sales execution, and scaling partnerships under improved market conditions.

• The company focused on technological advancements and integrated GenAI across its platform to enhance customer results and usability.

Opportunities:

• Expanding data capabilities and technological enhancements with GenAI.

• Growing the media commerce segment with strategic partnerships and improving capabilities in data management and audience enrichment.

Risks:

• Potential impacts from macroeconomic conditions and privacy changes affecting data utilization and advertising effectiveness.

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