TNL Mediagene Reports FY24 Preliminary Revenue Growth Of Over 30% Y-o-Y

NEW YORK and TOKYO, April 10, 2025 /PRNewswire/ -- TNL Mediagene (NASDAQ:TNMG), a leading media and technology company in Asia, today announced its preliminary unaudited financial results highlights for the year ended December 31, 2024, and provided an outlook for 2025.

2024 Unaudited Preliminary Highlights

1. Pro-Forma Revenue Growth: TNL Mediagene achieved a revenue increase of more than 30% year-over-year. This growth was driven by revenue diversification into more tech and data powered products, like establishing retail media networks, new strategic data partnerships, and innovative content, resulting in increased user engagement, especially in short-form video formats.
2. Pro-Forma EBITDA: On a normalized basis excluding extraordinary items, including one-time DeSPAC and IPO expenses, and currency fluctuations, adjusted EBITDA is expected to be near profitability.

Management Commentary

"Despite the one-time DeSPAC and IPO fees and time and resource consuming process, 2024 was a very successful year for us," said Joey Chung, CEO of TNL Mediagene. "Our revenue grew considerably, and EBITDA margins improved substantially as well, especially when excluding foreign exchange adjustments, which would show even larger numbers. We achieved significant synergies across our operations in Japan and Taiwan, and aim to continue to greatly diversify our media, revenue and products across different languages, and include more data analytics, content commerce and AI services. We are confident that 2025 will also be a year of growth for us. Importantly, we are one of the few media/tech/data/e-commerce companies that are close to achieving operational profitability, while still in its growth stage. Furthermore, the recently proposed U.S. government tariff rules are not expected to impact TNMG's operations or this year's business performance forecasts."

"Looking ahead to 2025, we are focused on diversifying our media multilingualization and revenue sources, enhancing content commerce and brand performance advertising, and strengthening video and video commerce for monetization. By leveraging technology and data, we aim to capture retail media ad budgets and support our corporate commerce business. Additionally, we will continue to improve operational efficiency and reduce costs using AI technology to automate content creation, martech products, translation, and other tasks."

"We believe TNL Mediagene is currently undervalued and trading at an attractive level, with a price-to-sales (P/S) ratio of around 0.5x and a price-to-book (P/B) ratio of around 0.4x, while the media, martech and data analytics industries trade well above those ranges.  Across the board, we are working to improve our overall profitability structure, EBITDA margin and seize growing opportunities to build value for our stakeholders. Together we believe our efforts can result in continued revenue growth and EBITDA improvement for 2025."