Nexxen Reaffirms FY24 Contribution Ex-TAC And Adjusted EBITDA Guidance
Portfolio Pulse from Benzinga Newsdesk
Nexxen reaffirms its financial guidance for FY24, projecting Contribution ex-TAC between $340-$345 million and Adjusted EBITDA of approximately $100 million. Programmatic revenue is expected to constitute about 90% of the total revenue for the year.
May 20, 2024 | 11:35 am
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Nexxen reaffirms its FY24 financial guidance, projecting Contribution ex-TAC between $340-$345 million and Adjusted EBITDA of approximately $100 million. Programmatic revenue is expected to make up 90% of the total revenue.
Reaffirming financial guidance generally indicates stability and confidence in meeting targets, which is likely to positively impact investor sentiment and short-term stock price.
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