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Dec 31, 2024
Nexxen International Q4 2024 Earnings Report
Nexxen International reported record Q4 2024 revenue and strong growth in CTV and programmatic revenue.
Key Takeaways
Nexxen International reported Q4 2024 revenue of $112.3 million, reflecting 17% year-over-year growth. The company achieved all-time quarterly records in Contribution ex-TAC, programmatic revenue, and CTV revenue. Net income surged to $24.9 million, while Adjusted EBITDA grew 38% to $44.3 million. Nexxen continued its expansion in AI and technology investments and announced a new $50 million share repurchase program.
Q4 2024 revenue increased 17% year-over-year to $112.3 million.
Net income rose significantly to $24.9 million, up from $3.2 million in Q4 2023.
CTV revenue reached a record $37.0 million, up 86% year-over-year.
Adjusted EBITDA increased 38% to $44.3 million, representing a 42% margin on Contribution ex-TAC.
Nexxen International
Nexxen International
Nexxen International Revenue by Segment
Revenue by Segment
Programmatic Revenue
CapyFin.comCTV Revenue
CapyFin.com Forward Guidance
Nexxen expects 2025 to continue its strong growth trajectory, with increased investments in AI, technology, and CTV expansion. The company anticipates full-year Contribution ex-TAC of $380 million and Adjusted EBITDA of approximately $125 million.
Positive Outlook
- Full-year 2025 Contribution ex-TAC expected to reach $380 million.
- Programmatic revenue expected to comprise approximately 90% of total revenue.
- Continued AI and technology investments aimed at enhancing DSP and data platform capabilities.
- Increase in CTV and data licensing revenue expected in 2025.
- New $50 million share repurchase program approved by the Board of Directors.
Challenges Ahead
- Higher R&D expenses expected as a percentage of Contribution ex-TAC.
- Potential macroeconomic and geopolitical risks may impact advertising spend.
- Market volatility and foreign exchange fluctuations could affect revenue.
- Elevated competition in the ad-tech industry poses challenges.
- Expansion efforts may lead to increased operating expenses in the short term.
Revenue & Expenses
Visualization of income flow from segment revenue to net income