Business
Nexxen Reports Fourth Quarter and Full Year 2024 Financial Results
Generated all-time quarterly Contribution ex-TAC, programmatic revenue and CTV revenue records in Q4 2024, achieving 16%, 15%, and 86% year-over-year growth,
About this update from Nexxen International Ltd.
[{"type":"text","content":"Generated all-time quarterly Contribution ex-TAC, programmatic revenue and CTV revenue records in Q4 2024, achieving 16%, 15%, and 86% year-over-year growth, respectively Attained 38% year-over-year Adjusted EBITDA growth in Q4 2024, while expanding Adjusted EBITDA Margin as a percentage of Contribution ex-TAC to 42% from 35% Simplified the Company’s stock exchange and trading structure in Q1 2025, streamlining to a single U.S. Ordinary Share listing Nexxen’s Board of Directors approved the launch of a new $50 million Ordinary Share repurchase program following the completion of the currently ongoing program NEW YORK, March 05, 2025 (GLOBE NEWSWIRE) -- Nexxen International Ltd. (NASDAQ: NEXN) (“Nexxen” or the “Company”), a global, flexible advertising technology platform with deep expertise in data and advanced TV, announced today its financial results for the three and twelve months ended December 31, 2024. Q4 2024 Financial Highlights All-time quarterly record Contribution ex-TAC of $105.2 million, up 16% year-over-yearAll-time quarterly record programmatic revenue of $98.7 million, up 15% year-over-yearAll-time quarterly record CTV revenue of $37.0 million, up 86% year-over-yearCTV revenue increased to 38% of programmatic revenue from 23% in Q4 2023Programmatic revenue reflected 88% of revenue compared to 90% in Q4 2023Second-highest all-time quarterly Adjusted EBITDA of $44.3 million, up 38% year-over-year, representing a 42% Adjusted EBITDA Margin on a Contribution ex-TAC basis (39% on a revenue basis), compared to 35% (33% on a revenue basis) in Q4 2023Video revenue increased to 75% of programmatic revenue from 67% in Q4 2023$187.1 million cash and cash equivalents as of December 31, 2024, alongside $90 million undrawn on the Company’s revolving credit facility and no long-term debt following the full repayment of the Company’s $100 million outstanding principal long-term debt balance in April 2024 Full Year 2024 Financial Highlights All-time annual record Contribution ex-TAC of $343.5 million, up 9% year-over-yearAll-time annual record programmatic revenue of $324.5 million, up 9% year-over-yearAll-time annual record CTV revenue of $113.8 million, up 33% year-over-yearCTV revenue increased to 35% of programmatic revenue from 29% in 2023Programmatic revenue reflected 89% of revenue compared to 90% in 2023Adjusted EBITDA of...