Nexxen International Third Quarter 2024 Earnings: Beats Expectations

Nexxen International (LON:NEXN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$90.2m (up 13% from 3Q 2023).
• Net income: US$14.5m (up from US$1.20m loss in 3Q 2023).
• Profit margin: 16% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue.
• EPS: US$0.11 (up from US$0.01 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nexxen International Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 186%.

Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Media industry in the United Kingdom.

Performance of the British Media industry.

The company's shares are up 26% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Nexxen International's balance sheet.

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