Nexxen’s Q1 24 results show Q1 net revenue growth of +4% to $69.7m or +1% ahead of consensus, Q1 adjusted EBITDA of $11.9m +21% ahead of consensus, and a confident reaffirmation of the FY24 guidance that leads us to reiterate our FY24E and FY25E revenue and EBITDA at this point. We then upgrade FY24E and FY25E EFCF by +2% and +4% due to lower interest costs following the repayment of c$100m of debt in April, and upgrade FY24E and FY25E adjusted EPS by +5% and +9% due to the lower interest costs ....
20 May 2024
Nexxen - Q1 net revenue and EBITDA +1% and +21% ahead
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Nexxen - Q1 net revenue and EBITDA +1% and +21% ahead
Nexxen International Ltd. (NEXN:LON) | 239 -6 (-1.0%) | Mkt Cap: 331.7m
- Published:
20 May 2024 -
Author:
Michael Hill | Kimberley Carstens -
Pages:
27
Nexxen’s Q1 24 results show Q1 net revenue growth of +4% to $69.7m or +1% ahead of consensus, Q1 adjusted EBITDA of $11.9m +21% ahead of consensus, and a confident reaffirmation of the FY24 guidance that leads us to reiterate our FY24E and FY25E revenue and EBITDA at this point. We then upgrade FY24E and FY25E EFCF by +2% and +4% due to lower interest costs following the repayment of c$100m of debt in April, and upgrade FY24E and FY25E adjusted EPS by +5% and +9% due to the lower interest costs ....