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TNL Mediagene (TNMG)
NASDAQ:TNMG
US Market

TNL Mediagene (TNMG) AI Stock Analysis

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TNMG

TNL Mediagene

(NASDAQ:TNMG)

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Neutral 41 (OpenAI - 5.2)
Rating:41Neutral
Price Target:
$3.00
▼(-17.81% Downside)
The score is primarily held down by very weak financial performance—severe losses, negative cash flow, and elevated leverage despite strong revenue growth. Technicals add downside risk given the broader downtrend (below key longer-term moving averages and negative MACD). Valuation is also constrained by ongoing losses (negative P/E) and no dividend support.
Positive Factors
Revenue Growth
Sustained +35.3% YoY revenue growth signals durable demand for the company’s digital media and marketing services. Strong top-line expansion provides a base to scale fixed-costs, improve unit economics over time, and supports long-term monetization and customer acquisition investments.
Available Financing
The amended note agreement and second tranche provide committed capital and extend the company’s runway, reducing immediate liquidity stress. Access to structured financing supports execution of strategic initiatives and M&A roll-up plans over the next 12–18 months if cash burn is managed.
Governance Remediation
Replacing the auditor and addressing prior internal control weaknesses is a structural governance improvement. Stronger external audit oversight and audit-committee engagement can materially improve financial reporting quality and investor confidence over the medium term.
Negative Factors
Deep Operating Losses
Very large negative margins show core operations generate losses despite revenue growth, indicating structural profitability issues. Without sustained margin improvement or cost restructuring, the business will struggle to fund reinvestment and deliver shareholder returns over the next several quarters.
Negative Cash Generation
Persistent negative operating and free cash flow signals the company cannot convert revenues into cash, increasing reliance on external funding. This undermines long-term resilience, raises refinancing risk, and constrains the ability to invest in product development or M&A without dilutive financing.
Nasdaq Oversight Risk
The one-year Discretionary Panel Monitor creates heightened regulatory scrutiny and the prospect of accelerated delisting if standards slip. Management must prioritize compliance over optional strategic initiatives, increasing execution risk and potential costs for maintaining listing status long term.

TNL Mediagene (TNMG) vs. SPDR S&P 500 ETF (SPY)

TNL Mediagene Business Overview & Revenue Model

Company DescriptionTNL Mediagene operates as a media company in Taiwan and Japan. The company operates The News Lens, a news site; Business Insider Japan, a news site focused on developments inside and outside Japan in business, finance, politics, and technology; Business Yee, a specialized Chinese-language business news site; DIGIDAY JAPAN, a publication for Japanese and international digital marketing news; MASHING UP, a conference and event series; Modern Retail, a site for retail marketing; Becoming Aces; and GLOSSY JAPAN, a site for beauty and fashion industry. It also operates Gizmodo Japan, a weblog site that publishes news, reviews, and buying guides of latest technology and consumer gadgets; Cool3c, a weblog site featuring new product information, reviews, and analysis of brand stories in gadget and tech space; Tech Insider, a site publishing stories on technology and business of technology; INSIDE, an online news publication focused on internet and software startups, blockchain, technology industry trends, digital life, and future technology. The company offers iCook, a food site; Lifehacker Japan, a weblog site about lifestyle advice, and software tips and news; ROOMIE, a site offering lifestyle items and ideas; ROOMIE KITCHEN, a cooking site; Life Insider Japan and Money Insider Japan sites for providing updates on work, lifestyles and personal finance; every little d, a design and art themed online publication; iGood for shopping; Sports Vision, a site that presents news and analysis on sports, athletes, sports policy, and business of sports; Agent Movie, a film and TV related news and review site; Fuze, a digital culture site publishing content focused on art, music, and counterculture in the digital age; and Sirabee, a news site that publishes articles on entertainment, gourmet, breaking news topics, and original research. It also involved artificial intelligence, advertising technology, digital studio, and e-commerce activities. The company is based in Tokyo, Japan.
How the Company Makes MoneyTNMG generates revenue through multiple streams, primarily by offering subscription-based services, licensing agreements for its proprietary content, and advertising partnerships. The company has established significant collaborations with healthcare providers and educational institutions, providing tailored content solutions that meet specific sector needs. Additionally, TNMG monetizes its digital platforms through targeted advertising, leveraging user data analytics to optimize ad placements and maximize revenue potential.

TNL Mediagene Financial Statement Overview

Summary
Revenue growth is strong (2024 up 35.3% YoY), but financial quality is very weak: deeply negative profitability (EBIT margin -157.4%, net margin -175.3%), negative EBITDA/net income, and negative operating and free cash flow. Leverage is also elevated (debt-to-equity 63.6%) with negative ROE, indicating high risk and limited financial resilience.
Income Statement
20
Very Negative
TNL Mediagene's income statement reveals significant challenges. The company has experienced a rapid increase in total revenue year-over-year, with a notable increase of 35.3% in 2024 compared to 2023. However, this growth is overshadowed by substantial losses, exemplified by a negative EBIT margin of -157.4% and a net profit margin of -175.3% for 2024. The company faces profitability issues, which are further highlighted by negative EBITDA and net income, indicating operational inefficiencies and potential risks in sustaining growth.
Balance Sheet
30
Negative
The balance sheet of TNL Mediagene highlights a mixed financial position. While the company has managed to maintain a positive stockholders' equity in 2024, the debt-to-equity ratio is concerning at 63.6%, suggesting high leverage. The equity ratio stands at 39.2%, indicating moderate reliance on equity financing. However, the return on equity is negative due to consistent net losses, raising concerns about the company's ability to generate returns for shareholders.
Cash Flow
15
Very Negative
TNL Mediagene's cash flow statement underscores substantial cash management issues. The operating cash flow is negative, reflecting challenges in generating sufficient cash from operations. The company has a negative free cash flow growth rate, exacerbating liquidity concerns. Additionally, the free cash flow to net income ratio is unfavorable, indicating that the company struggles to convert its net income into positive cash flow, raising red flags about its financial health.
BreakdownTTMDec 2024Dec 2023Dec 2022
Income Statement
Total Revenue60.57M48.49M35.84M20.01M
Gross Profit16.54M17.74M12.65M7.74M
EBITDA-73.81M-73.92M1.33M-10.01M
Net Income-83.41M-85.00M-804.98K-11.01M
Balance Sheet
Total Assets86.05M92.92M119.62M26.53M
Cash, Cash Equivalents and Short-Term Investments1.90M3.65M3.03M3.91M
Total Debt20.24M23.14M17.59M6.71M
Total Liabilities51.19M56.51M47.25M50.67M
Stockholders Equity34.86M36.40M72.62M-25.30M
Cash Flow
Free Cash Flow-11.21M-10.30M-1.68M-1.04M
Operating Cash Flow-11.13M-10.21M-1.42M-760.11K
Investing Cash Flow475.34K947.95K252.74K-2.36M
Financing Cash Flow9.21M10.00M530.97K4.99M

TNL Mediagene Technical Analysis

Technical Analysis Sentiment
Negative
Last Price3.65
Price Trends
50DMA
4.04
Negative
100DMA
5.29
Negative
200DMA
7.50
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
48.20
Neutral
STOCH
43.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TNMG, the sentiment is Negative. The current price of 3.65 is above the 20-day moving average (MA) of 3.11, below the 50-day MA of 4.04, and below the 200-day MA of 7.50, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.20 is Neutral, neither overbought nor oversold. The STOCH value of 43.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TNMG.

TNL Mediagene Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
49
Neutral
$16.47M-32.61
44
Neutral
$3.84M-1.26-50.26%-66.59%67.63%
41
Neutral
$9.33M-0.05-164.27%4.59%-920.22%
38
Underperform
$2.96M-0.03-62.46%-12.90%
31
Underperform
$4.87M-1.23-194.72%-11.51%74.52%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TNMG
TNL Mediagene
3.32
-53.08
-94.11%
CNET
ZW Data Action Technologies
1.11
-0.57
-34.05%
BAOS
Baosheng Media Group Holdings
3.11
-0.33
-9.59%
DRCT
Direct Digital Holdings
2.12
-61.13
-96.65%
VSME
VS Media Holdings Limited Class A
1.84
-18.96
-91.15%
FTRK
Fast Track Group
0.72
-2.56
-77.93%

TNL Mediagene Corporate Events

TNL Mediagene Regains Nasdaq Bid-Price Compliance but Faces One-Year Listing Monitor
Jan 22, 2026

On January 20, 2026, TNL Mediagene received confirmation from Nasdaq that it had regained compliance with the exchange’s minimum bid price requirement, after the company’s ordinary shares closed at or above $1.00 for 15 consecutive trading days between December 23, 2025, and January 14, 2026. While this removes the immediate risk to its Nasdaq Capital Market listing following a December 19, 2025 panel decision, Nasdaq has placed the company under a one-year Discretionary Panel Monitor, under which any future breach of continued listing standards during the monitoring period would trigger an automatic delisting determination without the usual cure or compliance grace periods, raising the stakes for management and shareholders as the group works to maintain long-term compliance.

The most recent analyst rating on (TNMG) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on TNL Mediagene stock, see the TNMG Stock Forecast page.

TNL Mediagene Wins Conditional Nasdaq Listing Extension Pending $1 Bid Price Compliance
Dec 29, 2025

On December 23, 2025, TNL Mediagene was informed by a Nasdaq Hearings Panel that its request for continued listing on the Nasdaq Capital Market had been granted, provided it regains compliance with Nasdaq’s $1 bid price requirement (Listing Rule 5550(a)(2)) by January 7, 2026 and promptly reports any material events that could affect that compliance. The conditional reprieve follows a November 6, 2025 staff determination to delist the stock for failure to meet the $1 bid price threshold after a 180-day grace period, TNL Mediagene’s appeal and hearing request on November 13, 2025, and a December 16, 2025 panel hearing at which the company presented its remediation plan, including a reverse share split announced on December 19; the shares will remain traded on Nasdaq pending the panel’s final written decision after the January 7 deadline, underscoring a critical near-term milestone for investors and the company’s U.S. listing status.

The most recent analyst rating on (TNMG) stock is a Sell with a $0.13 price target. To see the full list of analyst forecasts on TNL Mediagene stock, see the TNMG Stock Forecast page.

TNL Mediagene Announces 1-for-20 Reverse Split to Restore Nasdaq Compliance
Dec 19, 2025

On December 19, 2025, TNL Mediagene announced it will implement a 1-for-20 share consolidation of its ordinary shares, following shareholder approval on December 2, 2025 and board approval of the final ratio on December 9, 2025. The reverse split, which is expected to take effect for trading on a split-adjusted basis on the Nasdaq Capital Market on December 23, 2025 under the same ticker “TNMG” with a new CUSIP, will reduce the number of outstanding ordinary shares from 51,115,851 to approximately 2,555,793, with fractional shares rounded up and all shareholders’ percentage ownership largely preserved. The move is aimed at lifting the company’s per-share trading price to restore compliance with Nasdaq’s $1.00 minimum bid requirement and to broaden its appeal among institutional investors, while triggering proportional adjustments to the exercise or conversion terms of outstanding warrants, earnout shares, equity awards, and other equity instruments, signaling an effort to stabilize its listing status and strengthen its capital markets profile.

The most recent analyst rating on (TNMG) stock is a Sell with a $0.27 price target. To see the full list of analyst forecasts on TNL Mediagene stock, see the TNMG Stock Forecast page.

TNL Mediagene Amends Note Agreement and Issues Second Tranche
Dec 12, 2025

On December 8, 2025, TNL Mediagene amended its securities purchase agreement with 3i, LP, issuing a second tranche convertible note valued at $1,666,667. This amendment introduces revised terms for future note issuances, including an 18-month maturity, no installment payments for the first six months, and a cap on acceleration linked to trading volume. Additionally, TNL Mediagene issued a five-year warrant to purchase ordinary shares, exercisable under specific conditions, further solidifying its financial strategy and potentially impacting its market positioning and investor relations.

The most recent analyst rating on (TNMG) stock is a Sell with a $0.27 price target. To see the full list of analyst forecasts on TNL Mediagene stock, see the TNMG Stock Forecast page.

TNL Mediagene Announces Shareholder Meeting Results and Strategic Changes
Dec 5, 2025

On December 5, 2025, TNL Mediagene announced the results of its Annual General Meeting of Shareholders held on December 2, 2025. The meeting, initially convened on November 25, 2025, saw all proposals approved, including an increase in authorized share capital, amendments to the company’s memorandum and articles of association, and the election of new directors. These changes are expected to impact the company’s governance and operational strategies, potentially influencing its market positioning and stakeholder interests.

The most recent analyst rating on (TNMG) stock is a Sell with a $0.27 price target. To see the full list of analyst forecasts on TNL Mediagene stock, see the TNMG Stock Forecast page.

TNL Mediagene Appoints New Auditor Amid Internal Control Concerns
Dec 1, 2025

TNL Mediagene, a company operating in the media industry, announced a change in its certifying accountant. On October 9, 2025, PricewaterhouseCoopers, Taiwan, declined to stand for re-election as the independent registered public accounting firm for the company. Subsequently, on November 20, 2025, TNL Mediagene appointed Marcum Asia CPAs LLP as its new independent registered public accounting firm. This change follows a careful evaluation process and was approved by the audit committee of the board of directors. The transition is significant as it addresses material weaknesses in the company’s internal controls over financial reporting, which were noted in previous fiscal years.

The most recent analyst rating on (TNMG) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on TNL Mediagene stock, see the TNMG Stock Forecast page.

TNL Mediagene Plans Strategic Share Capital Increase Ahead of AGM
Oct 28, 2025

TNL Mediagene announced its upcoming Annual General Meeting of Shareholders, scheduled for November 25, 2025, where key proposals will be voted on, including a significant increase in authorized share capital from $50,000 to $500,000. This increase aims to provide flexibility for future capital raising and corporate purposes, supporting the company’s M&A roll-up strategy and digital asset treasury initiatives. The adoption of an Amended and Restated Memorandum and Articles of Association is also proposed to modernize the company’s constitutional documents, reflecting current laws and market practices.

The most recent analyst rating on (TNMG) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on TNL Mediagene stock, see the TNMG Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 17, 2026