Sidoti & Company Initiates Research Coverage of TNL Mediagene (TNMG), Following Initiation of Research Coverage in May by Benchmark at $3.50 Price Target

Core Insights - TNL Mediagene has received research coverage from Sidoti & Company, following a similar initiation by The Benchmark Company, indicating growing interest from analysts in the company's performance and potential [1][2][7] Company Overview - TNL Mediagene is a Tokyo-based digital media and data group formed in May 2023 through the merger of The News Lens Co. and Mediagene Inc., focusing on original and licensed media brands across multiple languages and content categories [7][8] - The company operates in three main areas: Media & Branded Content, Technology, and Digital Studio, leveraging AI-driven data analytics and advertising technology [4][8] Financial Performance - For FY2024, TNL Mediagene reported consolidated revenue of $48.5 million, reflecting a 35% year-over-year growth, with a gross profit of $17.7 million and near break-even Adjusted EBITDA [4][10] - The company has a significant digital presence, attracting over 45 million monthly unique users and generating 189 million monthly digital footprints, which enhances its advertising revenue potential from a diverse client base of over 850 clients [4][5]