Stock Track | NEXXEN INTERNATIONAL LTD Plunges 5.08% as Q3 Earnings Beat Fails to Impress Investors

Stock Track

Nov 16, 2024

NEXXEN INTERNATIONAL LTD (NEXN), a global advertising technology platform, saw its stock plummet 5.08% in intraday trading on Friday, despite reporting better-than-expected earnings for the third quarter of 2024.

The company reported Q3 adjusted earnings of $0.28 per share, surpassing the consensus estimate of $0.11 per share. Revenue rose 17.8% year-over-year to $90.18 million, also beating analysts' expectations of $87.13 million.

However, NEXXEN's Q3 results failed to impress investors, as concerns mounted over the company's elevated expenses and slowing revenue growth. Operating expenses increased significantly, with selling and marketing expenses rising 8.7% year-over-year, and general and administrative expenses jumping 31.3% compared to the same period last year.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Trading app for stocks, options & ETFs","description":"Invest in US, ASX, HK, China A-shares, ETFs & options with Tiger Brokers, Australia's trusted stock trading app!","keywords":"tiger brokers,tiger brokers au,tiger brokers australia,tiger trade,tiger trading,australia stock platform,US option,US stocks,stocks and options,australian trading platform,online broker australia,stock trading apps,mobile trading app,desktop trading,chess sponsored brokers,share trading platform","social":{"ogDescription":"Invest in US, ASX, HK, China A-shares, ETFs & options with Tiger Brokers, Australia's trusted stock trading app!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1159977103"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"AUS","license":"TBAU","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1159977103\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1159977103?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-16 01:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1159977103","market":"hk","top_or_hot":-1,"title":"Stock Track | NEXXEN INTERNATIONAL LTD Plunges 5.08% as Q3 Earnings Beat Fails to Impress Investors","media":"Stock Track","content":"<p>NEXXEN INTERNATIONAL LTD (NEXN), a global advertising technology platform, saw its stock plummet 5.08% in intraday trading on Friday, despite reporting better-than-expected earnings for the third quarter of 2024.</p>\n\n<p>The company reported Q3 adjusted earnings of $0.28 per share, surpassing the consensus estimate of $0.11 per share. Revenue rose 17.8% year-over-year to $90.18 million, also beating analysts' expectations of $87.13 million.</p>\n\n<p>However, NEXXEN's Q3 results failed to impress investors, as concerns mounted over the company's elevated expenses and slowing revenue growth. Operating expenses increased significantly, with selling and marketing expenses rising 8.7% year-over-year, and general and administrative expenses jumping 31.3% compared to the same period last year.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | NEXXEN INTERNATIONAL LTD Plunges 5.08% as Q3 Earnings Beat Fails to Impress Investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | NEXXEN INTERNATIONAL LTD Plunges 5.08% as Q3 Earnings Beat Fails to Impress Investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-11-16 01:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEXXEN INTERNATIONAL LTD (NEXN), a global advertising technology platform, saw its stock plummet 5.08% in intraday trading on Friday, despite reporting better-than-expected earnings for the third quarter of 2024.</p>\n\n<p>The company reported Q3 adjusted earnings of $0.28 per share, surpassing the consensus estimate of $0.11 per share. Revenue rose 17.8% year-over-year to $90.18 million, also beating analysts' expectations of $87.13 million.</p>\n\n<p>However, NEXXEN's Q3 results failed to impress investors, as concerns mounted over the company's elevated expenses and slowing revenue growth. Operating expenses increased significantly, with selling and marketing expenses rising 8.7% year-over-year, and general and administrative expenses jumping 31.3% compared to the same period last year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NEXN","symbol_name":"Nexxen International","start_time":0,"source_url":"","article_id":"1159977103","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1159977103","pubTimestamp":1731693150,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"NEXXEN INTERNATIONAL LTD , a global advertising technology platform, saw its stock plummet 5.08% in intraday trading on Friday, despite reporting better-than-expected earnings for the third quarter of 2024.The company reported Q3 adjusted earnings of $0.28 per share, surpassing the consensus estimate of $0.11 per share. Revenue rose 17.8% year-over-year to $90.18 million, also beating analysts' expectations of $87.13 million.However, NEXXEN's Q3 results failed to impress investors, as concerns m","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NEXN":"Nexxen International"},"translate_title":"由于第三季度盈利超出预期未能给投资者留下深刻印象，NEXXEN INTERNATIONAL LTD股价暴跌5.08%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NEXN":1},"content_text":"NEXXEN INTERNATIONAL LTD (NEXN), a global advertising technology platform, saw its stock plummet 5.08% in intraday trading on Friday, despite reporting better-than-expected earnings for the third quarter of 2024.\nThe company reported Q3 adjusted earnings of $0.28 per share, surpassing the consensus estimate of $0.11 per share. Revenue rose 17.8% year-over-year to $90.18 million, also beating analysts' expectations of $87.13 million.\nHowever, NEXXEN's Q3 results failed to impress investors, as concerns mounted over the company's elevated expenses and slowing revenue growth. Operating expenses increased significantly, with selling and marketing expenses rising 8.7% year-over-year, and general and administrative expenses jumping 31.3% compared to the same period last year.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}