Tremor International Ltd ( (NEXN) ) has released its Q3 earnings. Here is a breakdown of the information Tremor International Ltd presented to its investors.
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Nexxen International Ltd. is a global advertising technology company specializing in advanced TV and data solutions, operating within the AdTech sector, with a flexible and unified platform that caters to advertisers, agencies, and broadcasters worldwide. The company recently announced its financial results for the third quarter of 2024, highlighting significant growth in key financial metrics and strategic advancements. Nexxen reported a 12% year-over-year increase in Contribution ex-TAC for Q3 2024, reaching a record $85.5 million, alongside a 49% growth in Adjusted EBITDA, reflecting a stronger EBITDA margin of 37%. The company also achieved a 52% year-over-year surge in CTV revenue, marking a new record, and maintained a robust cash position with $166.5 million in net cash. Looking forward, Nexxen remains optimistic about its growth prospects, reaffirming its full-year guidance for Contribution ex-TAC and raising its Adjusted EBITDA guidance, while focusing on strategic investments in technology, data, and AI to enhance its platform’s capabilities.
