Nexxen Reaffirms FY24 Guidance For Contribution Ex-TAC Of $340M-$345M And Adjusted EBITDA Of $100M
Portfolio Pulse from Benzinga Newsdesk
Nexxen has reaffirmed its fiscal year 2024 guidance, projecting a contribution ex-TAC of $340M-$345M and an adjusted EBITDA of $100M.

August 22, 2024 | 11:36 am
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Nexxen has reaffirmed its financial guidance for FY24, expecting a contribution ex-TAC of $340M-$345M and adjusted EBITDA of $100M, indicating confidence in its financial performance.
Reaffirming financial guidance suggests that Nexxen is confident in meeting its financial targets, which is generally a positive signal for investors. The reaffirmation of both contribution ex-TAC and adjusted EBITDA indicates stability and potential growth, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100