NEXN Earnings Prediction
The chart below shows how NEXN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NEXN sees a +10.55% change in stock price 10 days leading up to the earnings, and a +0.77% change 10 days following the report. On the earnings day itself, the stock moves by -8.13%. This data can give you a slight idea of what to expect for the next quarter's release.
NEXN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
90.18M
12.60%
1.81%
Gross Margin
70.49%
22.48%
8.56%
Operating Margin
18.03%
544.09%
151.11%
Net Margin
16.12%
1181.88%
389.97%
EPS
0.20
1100.00%
400.00%
No Data Available
NEXN Earnings Analysis
Nexxen International Ltd. American Depository Shares Corporation (NEXN.O) Earnings Conference Call
Positive
Contribution Growth Achievement: In Q3, we generated contribution ex tax of $85.5 million achieving 12% growth from Q3 2023.
Programmatic Revenue Growth: Programmatic revenue was $81.6 million in Q3 reflecting 10% growth from Q3 2023 while contribution ex tax from our non-programmatic business line increased slightly year over year from a dollar perspective.
Industry Vertical Growth: We observed strength in CTV video, display, mobile, and PNP and increases across ten of our eleven industry verticals with the biggest increases reflected in our government finance, health, and automotive vertical.
Adjusted EBITDA Surge: We generated adjusted EBITDA of $31.6 million which reflected a 49% year-over-year increase from Q3 2023.
EBITDA Margin Improvement: Our adjusted EBITDA margin in Q3 increased to 37% as a percentage of contribution ex tax from 28% in Q3 2023.
Negative
Travel Vertical Decline: In Q3, we observed the year-over-year decrease in our travel vertical.
CCTV Revenue Surge: We achieved a major year-over-year increase in CCTV revenue in Q3 generating $29.7 million in CCTV revenue which reflected 52% growth from Q3 2023.
Earnings Per Share Increase: In Q3 2024, we reported non-IFRS diluted earnings per ordinary share of $0.14 compared to $0.09 in Q3 2023.
Share Repurchase Activity: During Q3, we repurchased roughly 5.1 million ordinary shares reflecting an investment of £14.1 million or $18.3 million.
Strong Cash Position: As of September 30, we had $166.5 million in net cash $90 million undrawn on our revolving credit facility and no long-term debt.
NEXN FAQs
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NEXN Earning Call Sentiment
Nexxen International Ltd. (NEXN) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
NEXN.O
-1.81%Positive
Nexxen's earnings call shows strong financial performance with significant revenue growth, especially in CTV, and an impressive increase in EBITDA. The share repurchase program is a positive signal for shareholder returns. Despite some competitive pressures and regulatory challenges, the company's strategic rebranding and partnerships, like with The Trade Desk, indicate a promising outlook. Analysts' questions during the Q&A suggest a generally positive sentiment, with management providing optimistic guidance. Overall, the strong financial metrics and strategic moves outweigh potential risks, predicting a positive stock price movement in the short term.
