TNL Mediagene

TNL Mediagene operates three core business units: Digital Studio, Media and Branded Content, and Technology. The Digital Studio business is the primary growth focus and largest revenue segment, providing integrated marketing strategy, creative design, and market research services to corporate clients, typically through multi-year engagements. These services are primarily offered in Japan and Taiwan. In the fourth quarter of 2025, AI-assisted products and services were launched within this business. Revenue from the digital studio business was $15.4 million in 2023, $20.5 million in 2024, and $18.7 million in 2025. The Media and Branded Content business publishes 26 digital media brands in Japanese, Chinese, and English across five content categories, targeting Millennial and Gen Z audiences primarily in Japan and Taiwan. This segment generates revenue through advertising, sponsored content, subscriptions, and events. AI-powered translation and editorial tools are used to improve content production efficiency. Revenue for this segment was $9.8 million in 2023, $13.7 million in 2024, and $12.9 million in 2025. The Technology business provides the proprietary platform and tools supporting the company's digital media and digital studio operations, enabling advertising, retail media, e-commerce, and data analytics services. Revenue is generated through retail media, e-commerce (primarily via the GIZMART platform), AdTech, and CDP/data licensing services. Revenue from the technology business was $10.6 million in 2023, $14.2 million in 2024, and $13.5 million in 2025. TNL Mediagene's total revenue was $35.8 million in 2023, $48.5 million in 2024, and $45.0 million in 2025.