COMP <GO>

NEXN vs HUYA // FORWARD P/E MULTIPLE

Nexxen International Ltd. (NASDAQ) VS. HUYA Inc. each representing one Class A ordinary share (NYSE) • 15-METRIC TALLY: NEXN 2 — HUYA 0

■ METRIC PARITY

LAST: $8.79 (-0.90%) • MKT CAP: $505.1M

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LAST: $1.99 (-4.33%) • MKT CAP: $475.0M

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (NEXN VS. HUYA) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	NEXN	HUYA	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	13.40%	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	—	-3.00%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	-10.36%	—	TIE	/fcf-yield <GO>
Operating Margin	—	-2.50%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	-1.70%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	11.60%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	2.11	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	—	2/9	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	48.4	39.4	+9.00	NEXN	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple ACTIVE	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$505.1M	$475.0M	$30.1M	NEXN	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	NEXN REV	HUYA REV	NEXN GROSS %	HUYA GROSS %	NEXN FCF	HUYA FCF
FY 2025	—	$929.8M	—	13.4%	—	-$49.2M
FY 2024	—	$832.8M	—	13.3%	—	-$12.6M
FY 2023	—	$985.1M	—	—	—	-$4.5M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

NEXN // BETA —

HUYA // BETA —