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.
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
