- Sidoti & Company initiates research coverage for TNL Mediagene (TNMG, Financial), following Benchmark's previous coverage.
- TNL Mediagene reports a 35% YoY revenue growth to $48.5 million in FY2024.
- The company reaches over 45 million monthly unique users and serves 850+ clients globally.
TNL Mediagene (TNMG), a Tokyo-based digital media and data company, announced that Sidoti & Company has begun research coverage on its business. This follows Benchmark's initiation of coverage in May, which set a price target of $3.50 per share.
The company demonstrated a robust financial performance in the fiscal year 2024, reporting revenue of $48.5 million, a 35% increase year-over-year. TNL Mediagene also achieved a gross profit of $17.7 million and reported an adjusted EBITDA nearing break-even levels.
TNL Mediagene operates across three major segments: Media & Branded Content with 25 digital media brands, a Technology sector offering AI-driven analytics, and Digital Studio services. The company serves over 850 clients and has a formidable user base that reaches more than 45 million monthly unique users.
CEO Joey Chung highlighted the significance of the expanded analyst coverage by stating, "We are honored to be included in Sidoti & Company's coverage universe. This coverage underscores the confidence in our progress and the long-term competitive strengths and growth potential of TNL Mediagene."
Despite the positive revenue growth, the company reported a negative Adjusted EPS of -$0.035 per share for FY2024, indicating the necessity for continued focus on operational efficiencies to achieve profitability.
With a diverse client portfolio and a strong digital footprint, TNL Mediagene continues to attract attention, supporting its strategic goals of delivering sustainable value to shareholders.
