Sidoti & Company Initiates Research Coverage of TNL Mediagene (TNMG), Following Initiation of Research Coverage in May by Benchmark at $3.50 Price Target
TNL Mediagene (NASDAQ:TNMG), a Tokyo-based digital media and data group, announced that Sidoti & Company has initiated research coverage of the company, following Benchmark's coverage initiation in May with a $3.50 price target.
The company operates through three main segments: Media & Branded Content with 25 digital media brands, Technology business offering AI-powered analytics, and Digital Studio services. TNMG reported strong FY2024 results with revenue of $48.5 million (35% YoY growth), gross profit of $17.7 million, and near break-even Adjusted EBITDA. The company serves 850+ clients and reaches 45+ million monthly unique users across its platforms.
TNL Mediagene (NASDAQ:TNMG), un gruppo di media digitali e dati con sede a Tokyo, ha annunciato che Sidoti & Company ha avviato la copertura di ricerca sull'azienda, dopo l'inizio della copertura da parte di Benchmark a maggio con un obiettivo di prezzo di $3,50.
L'azienda opera in tre segmenti principali: Media & Contenuti Brandizzati con 25 marchi di media digitali, il settore Tecnologico che offre analisi basate su AI, e i servizi di Digital Studio. TNMG ha riportato risultati solidi per l'anno fiscale 2024 con ricavi di $48,5 milioni (crescita del 35% su base annua), utile lordo di $17,7 milioni e un EBITDA rettificato quasi in pareggio. L'azienda serve oltre 850 clienti e raggiunge più di 45 milioni di utenti unici mensili sulle sue piattaforme.
TNL Mediagene (NASDAQ:TNMG), un grupo de medios digitales y datos con sede en Tokio, anunció que Sidoti & Company ha iniciado la cobertura de investigación sobre la empresa, tras la cobertura iniciada por Benchmark en mayo con un precio objetivo de $3.50.
La compañía opera a través de tres segmentos principales: Medios y Contenido de Marca con 25 marcas de medios digitales, negocio tecnológico que ofrece análisis impulsados por IA, y servicios de Estudio Digital. TNMG reportó sólidos resultados para el año fiscal 2024 con ingresos de $48.5 millones (crecimiento interanual del 35%), beneficio bruto de $17.7 millones y un EBITDA ajustado cercano al equilibrio. La empresa atiende a más de 850 clientes y alcanza a más de 45 millones de usuarios únicos mensuales en sus plataformas.
TNL Mediagene (NASDAQ:TNMG)는 도쿄에 본사를 둔 디지털 미디어 및 데이터 그룹으로, Sidoti & Company가 회사에 대한 연구 커버리지를 시작했다고 발표했으며, 이는 Benchmark가 5월에 3.50달러 목표주가로 커버리지를 시작한 데 이은 것입니다.
회사는 25개의 디지털 미디어 브랜드를 보유한 미디어 및 브랜드 콘텐츠, AI 기반 분석을 제공하는 기술 사업, 디지털 스튜디오 서비스 등 세 가지 주요 부문에서 운영됩니다. TNMG는 2024 회계연도에 4,850만 달러 매출(전년 대비 35% 성장), 1,770만 달러의 총이익, 거의 손익분기점에 가까운 조정 EBITDA를 보고했습니다. 회사는 850개 이상의 고객에게 서비스를 제공하며, 플랫폼 전반에 걸쳐 월간 4,500만 명 이상의 고유 사용자에게 도달하고 있습니다.
TNL Mediagene (NASDAQ:TNMG), un groupe de médias numériques et de données basé à Tokyo, a annoncé que Sidoti & Company a commencé la couverture de recherche de l'entreprise, suite à l'initiation de couverture par Benchmark en mai avec un objectif de prix de 3,50 $.
L'entreprise opère à travers trois segments principaux : Médias & Contenus de Marque avec 25 marques de médias numériques, secteur technologique offrant des analyses basées sur l'IA, et services de Digital Studio. TNMG a annoncé de solides résultats pour l'exercice 2024 avec un chiffre d'affaires de 48,5 millions de dollars (croissance annuelle de 35 %), un profit brut de 17,7 millions de dollars et un EBITDA ajusté proche de l'équilibre. L'entreprise dessert plus de 850 clients et atteint plus de 45 millions d'utilisateurs uniques mensuels sur ses plateformes.
TNL Mediagene (NASDAQ:TNMG), eine in Tokio ansässige Digitalmedien- und Datengruppe, gab bekannt, dass Sidoti & Company mit der Research-Berichterstattung über das Unternehmen begonnen hat, nachdem Benchmark im Mai mit einem Kursziel von 3,50 $ die Berichterstattung aufgenommen hatte.
Das Unternehmen ist in drei Hauptsegmenten tätig: Media & Branded Content mit 25 digitalen Medienmarken, Technologiegeschäft mit KI-gestützten Analysen und Digital Studio Services. TNMG meldete starke Ergebnisse für das Geschäftsjahr 2024 mit Einnahmen von 48,5 Millionen US-Dollar (35 % Jahreswachstum), Bruttogewinn von 17,7 Millionen US-Dollar und einem nahezu ausgeglichenen bereinigten EBITDA. Das Unternehmen betreut über 850 Kunden und erreicht monatlich mehr als 45 Millionen einzigartige Nutzer auf seinen Plattformen.
- Revenue growth of 35% YoY to $48.5 million in FY2024
- Strong user base with 45+ million monthly unique users and 189+ million monthly digital footprints
- Diverse client portfolio of 850+ prestigious multinational companies
- Near break-even Adjusted EBITDA performance
- Expanding analyst coverage indicating growing market interest
- Negative Adjusted EPS of -$0.035 per share
- Still operating at near break-even levels despite revenue growth
Joey Chung, Co-Founder and CEO of TNL Mediagene, commented: "We are honored to be included in Sidoti & Company's coverage universe, following the recent initiation by Benchmark. Both institutions are well-regarded for the quality and independence of their third-party research and analysis. We believe this coverage reflects Sidoti & Company's confidence in our recent progress and our long-term competitive strengths and growth potential."
Sidoti & Company's initiation of research coverage, as well as Benchmark's initiation of research coverage in May, support the Company's aim of having 2-3 research analysts covering the Company.
"We see research analyst coverage as a key component of our capital markets strategy. We are delighted to have both Sidoti & Company and Benchmark covering our stock and we remain committed to delivering sustainable value to our shareholders," Joey concluded.
The Company operates a highly differentiated combination of (1) Media & Branded Content business through its 25 trusted and independent digital media brands across five content categories, news and business, B2B media, technology, lifestyle and food, and sports and entertainment, including well-known digital media brands such as Gizmodo Japan, Business Insider Japan, iCook and Roomie among others, (2) Technology business through its proprietary data analytics and advertising technology products and services powered by AI and its first and zero-party audience data, and (3) Digital Studio business through its integrated digital studio, agency and market research solutions. The Company achieved strong FY2024 financial performance of consolidated revenue of
*1 Monthly unique users comprised of the average monthly unique users of owned sites and social platforms (YouTube + TikTok) based on Company data for the twelve months ended March 31, 2025
*2 Digital footprint comprised of average monthly views during the most recent available Company data for the twelve months ended March 31, 2025.
Important Note Regarding Analyst Reports
Disclaimer: TNL Mediagene neither verifies or affirms, nor endorses the analysis, estimates, valuations, conclusions, opinions, ratings or financial models published by any third-party firms and individuals, including Sidoti & Company. The Company does not by its reference or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations. All of the views, opinions and conclusions expressed as part of any third-party reports are strictly the personal views of the author and / or the publishing firm, and therefore may not be consistent with those of TNL Mediagene, its management team and its board of directors. TNL Mediagene recommends that all investors carefully read the public disclosures, risk factors and filings made by the Company through its SEC filings and / or public newswire services.
About Sidoti & Company
Sidoti & Company is one of the largest independent providers of research focused on the small cap and microcap sectors. Sidoti & Company initiated research coverage on the Company in a report published on July 2. The report was disseminated to customers of Sidoti & Company and a link to a copy of the report is available on: https://www.sidoti.com/tnmg
About TNL Mediagene
Headquartered in
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to TNL Mediagene. Forward-looking statements generally relate to future events or TNL Mediagene's future financial or operating performance. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "target," "seek" or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Forward-looking statements in this communication include, but are not limited to, statements about TNL Mediagene's future business plan and growth strategies and statements by TNL Mediagene's CEO. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including strategies or plans, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for TNL Mediagene to predict these events or how they may affect TNL Mediagene. In addition, risks and uncertainties are described in TNL Mediagene's filings with the Securities and Exchange Commission. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. TNL Mediagene cannot assure you that the forward-looking statements in this communication will prove to be accurate. There may be additional risks that TNL Mediagene presently does not know or that TNL Mediagene currently does not believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by TNL Mediagene, its directors, officers or employees or any other person. Except as required by applicable law, TNL Mediagene does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date of this communication. You should, therefore, not rely on these forward-looking statements as representing the views of TNL Mediagene as of any date subsequent to the date of this communication.
Financial Data
The condensed financial information presented in this press release should be read in conjunction with the audited consolidated financial statements and related notes for the year ended December 31, 2024 included in TNL Mediagene's annual report on Form 20-F filed with the SEC on April 30, 2025, which provides a more complete discussion of its accounting policies and certain other information.
Use and Reconciliation of Non-IFRS Financial Measures
In this press release, we have included Adjusted EBITDA, a non-IFRS financial measure, and Adjusted EPS, a non-IFRS measure, which are key measures used by our management and board of directors in evaluating our operating performance. Adjusted EBITDA and Adjusted EPS are our preferred metrics for profitability because we believe they facilitate operating performance and profit performance comparisons on a period-to-period basis and exclude items that we do not consider to be indicative of our core operating performance. Adjusted EBITDA and Adjusted EPS have limitations as analytical tools, and you should not consider it in isolation or as a substitute for analysis of our results as reported under IFRS.
Our management does not consider Adjusted EBITDA or Adjusted EPS in isolation or as an alternative to financial measures determined in accordance with IFRS. The principal limitation of Adjusted EBITDA and Adjusted EPS is that they exclude significant expenses that are required by IFRS to be recorded in TNL Mediagene's financial statements. In addition, Adjusted EBITDA and Adjusted EPS are subject to inherent limitations as they reflect the exercise of judgment by management about which expenses and income are excluded or included in determining such non-IFRS financial measures.
For more details on the definitions of Adjusted EBITDA and Adjusted EPS and reconciliations of Adjusted EBITDA and Adjusted EPS to IFRS financial measures, see the press release and the investor presentation TNL Mediagene released on May 13, 2025.
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