- TNL Mediagene (TNMG, Financial) reports a 35.3% revenue growth year-over-year to $48.5 million for FY2024.
- Strong performance across all business units with Media & Branded Content, Technology, and Digital Studio growing by 41%, 34%, and 33% respectively.
- Completed NASDAQ listing on December 6, 2024, establishing a major milestone in the company’s growth journey.
TNL Mediagene (TNMG) has announced significant growth in its fiscal year 2024 financial results, with consolidated revenue reaching $48.5 million, marking a 35.3% increase from FY2023. This impressive growth is attributed to robust performances across its three main business units: Media & Branded Content, which surged by 41%, Technology with a 34% rise, and Digital Studio, climbing by 33%.
The company also reported a 40.2% increase in gross profit to $17.7 million, with gross margin expanding to 36.6%. While the Adjusted EBITDA remained negative at -$0.9 million, there was an improvement from the previous year’s -$1.0 million, illustrating the company's continuing efforts towards cost optimization and future profitability.
TNL Mediagene began trading on NASDAQ under the ticker TNMG on December 6, 2024, marking a pivotal step in its corporate evolution and emphasizing its strong market presence. The company reported an average monthly digital reach of approximately 189 million page views and about 45 million unique users, underscoring its impact in the digital media space.
Further solidifying its strategic position, TNL Mediagene formed a notable partnership with PChome Online and announced the upcoming launch of Business Insider Taiwan. These developments highlight the company's commitment to expanding its influence in the digital media landscape, particularly in serving the Mandarin-speaking audience worldwide.
