TREMOR INTERNATIONAL LIMITED ( (NEXN) ) has released its Q4 earnings. Here is a breakdown of the information TREMOR INTERNATIONAL LIMITED presented to its investors.
Nexxen International Ltd. is a global advertising technology platform specializing in data and advanced TV, offering a comprehensive technology stack that includes demand-side and supply-side platforms. The company recently reported its financial results for the fourth quarter and full year of 2024, showcasing significant growth and strategic advancements.
In the fourth quarter of 2024, Nexxen achieved record-breaking results with a 16% increase in Contribution ex-TAC, a 15% rise in programmatic revenue, and an impressive 86% growth in CTV revenue year-over-year. The company also reported a 38% increase in Adjusted EBITDA, reflecting a strong financial performance. Additionally, Nexxen simplified its trading structure by consolidating to a single U.S. Ordinary Share listing and announced a new $50 million share repurchase program.
Key financial highlights include an all-time high quarterly Contribution ex-TAC of $105.2 million and a programmatic revenue of $98.7 million. The company’s CTV revenue surged to $37.0 million, making up 38% of programmatic revenue. For the full year 2024, Nexxen reported a 9% increase in both Contribution ex-TAC and programmatic revenue, alongside a 33% rise in CTV revenue. The company ended the year with $187.1 million in cash and cash equivalents and no long-term debt.
Looking ahead, Nexxen plans to enhance its AI capabilities and expand its U.S. investor presence, aiming for a full-year 2025 Contribution ex-TAC of approximately $380 million and an Adjusted EBITDA of about $125 million. The company intends to continue investing in technology and data to attract more customer spending and partnerships, positioning itself for future growth.