Latest update6 Mar 2025 11:37
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-year
All-time quarterly record programmatic revenue of $98.7 million, up 15% year-over-year
All-time quarterly record CTV revenue of $37.0 million, up 86% year-over-year
CTV revenue increased to 38% of programmatic revenue from 23% in Q4 2023
Programmatic revenue reflected 88% of revenue compared to 90% in Q4 2023
Second-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 2023
Video 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-year
All-time annual record programmatic revenue of $324.5 million, up 9% year-over-year
All-time annual record CTV revenue of $113.8 million, up 33% year-over-year
CTV revenue increased to 35% of programmatic revenue from 29% in 2023
Programmatic revenue reflected 89% of revenue compared to 90% in 2023
Adjusted EBITDA of $114.6 million, up 38% year-over-year, representing a 33% Adjusted EBITDA Margin on a Contribution ex-TAC basis (31% on a revenue basis), compared to 26% (25% on a revenue basis) in 2023
Video revenue increased to 72% of programmatic revenue from 69% in 2023
Contribution ex-TAC retention rate of 102% compared to 73% in 2023