EarningsNexxen reported solid Q1 results, with contribution ex-TAC and adj. EBITDA both coming in ahead of expectations.
Financial PerformanceDespite the recent strong stock performance, with shares up ~50% since mid-March, NEXN is still trading at undemanding valuations of ~1.5x FY25 revenue and ~4.5x adj. EBITDA, and execution against these targets should drive further multiple expansion.
Strategic InitiativesNexxen continues to make select investments to drive future growth, including expanding its salesforce across both the US and Europe and developing new AI solutions for advertisers.