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Nexxen Announces May 2025 Share Repurchase Program Summary
Globenewswire· 2025-06-02 11:30
Company Overview - Nexxen International Ltd. is a global advertising technology platform specializing in data and advanced TV, offering a flexible and unified technology stack that includes a demand-side platform (DSP) and supply-side platform (SSP) [3][4] - The company is headquartered in Israel and has offices across the United States, Canada, Europe, and Asia-Pacific, and is traded on Nasdaq under the ticker NEXN [4] Share Repurchase Program - In May 2025, Nexxen repurchased 1,260,000 Ordinary Shares at an average price of $11.30 [1] - As of May 31, 2025, the company had 59,483,096 Ordinary Shares outstanding and approximately $24.8 million remaining under its current share repurchase program authorization [2]
Wall Street Analysts Predict a 25.17% Upside in Nexxen International Ltd. Sponsored ADR (NEXN): Here's What You Should Know
ZACKS· 2025-05-30 15:00
Shares of Nexxen International Ltd. Sponsored ADR (NEXN) have gained 16.4% over the past four weeks to close the last trading session at $11.72, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $14.67 indicates a potential upside of 25.2%.The mean estimate comprises nine short-term price targets with a standard deviation of $2.55. While the lowest estimate of $9 indicates a 23.2% ...
Nexxen Announces Transition to Reduced $50 Million Revolving Credit Facility
Globenewswire· 2025-05-30 11:30
Core Viewpoint - Nexxen International Ltd. has successfully amended its revolving credit facility, reducing the committed facility size and extending the maturity date, which enhances its liquidity for business operations and strategic investments [1][2]. Company Overview - Nexxen is a global advertising technology platform specializing in data and advanced TV, offering a flexible technology stack that includes a demand-side platform (DSP) and supply-side platform (SSP) [3]. - The company is headquartered in Israel and has offices across the United States, Canada, Europe, and Asia-Pacific, and is publicly traded on Nasdaq under the ticker NEXN [4]. Financial Update - The committed facility size of Nexxen's revolving credit facility has been reduced from $90 million to $50 million, with the maturity extended to September 2027 [2]. - The company's strong cash position, combined with the updated credit facility, provides sufficient liquidity to support ongoing business needs and future strategic initiatives [2].
Nexxen Announced as a Preliminary Addition to the Russell 3000 Index
Globenewswire· 2025-05-27 11:30
NEW YORK, May 27, 2025 (GLOBE NEWSWIRE) -- Nexxen International Ltd. (NASDAQ: NEXN) ("Nexxen" or the "Company"), a global, flexible advertising technology platform with deep expertise in data and advanced TV, today announced that it has been named a preliminary addition to the Russell 3000 Index, following the release of FTSE Russell's list of 2025 index additions. Final inclusion is expected to take effect after the U.S. market opens on June 30, 2025, as part of the Russell indexes' annual reconstitution, ...
Nexxen and VIDAA Sign Non-Binding MOU to Extend and Expand Strategic Partnership
Globenewswire· 2025-05-22 20:15
Agreement would extend Nexxen’s global ACR data exclusivity with VIDAA, while adding display ad monetization exclusivity across VIDAA’s media in North AmericaNEW YORK, May 22, 2025 (GLOBE NEWSWIRE) -- Nexxen International Ltd. (NASDAQ: NEXN) (“Nexxen” or the “Company”), a global, flexible advertising technology platform with deep expertise in data and advanced TV, today announced it has signed a non-binding memorandum of understanding (“MOU”) with VIDAA to potentially extend and expand their existing strate ...
Nexxen International (NEXN) 2025 Capital Markets Day Transcript
2025-05-22 14:00
Nexxen International (NEXN) 2025 Capital Markets Day May 22, 2025 09:00 AM ET Speaker0 Good morning, everyone. For those of you Speaker1 who don't know me, my Speaker0 name is Billy Eckert, I'm Nexon's Head of Investor Relations. And we're very pleased to welcome you to our first U. S. Investor Day. Before we get started, I wanted to just extend a sincere thank you to everybody in the room that was able to be here today as well as to everybody watching along on the stream. It's been a transformational few y ...
nexAI Transforms Audience Planning and Discovery
Globenewswire· 2025-05-22 13:01
Native integration of generative AI in the Nexxen Data Platform builds on machine learning to automate and streamline campaign strategy development Brands like LG Ad Solutions to leverage a nexAI Discovery assistant that translates audience behavior into informed insights and actionable strategies, seamlessly connecting to activation through the Nexxen DSP NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) -- Nexxen (NASDAQ: NEXN), a global, flexible advertising technology platform with deep expertise in data and adva ...
Nexxen Issues a Reminder for its Upcoming Investor Day on May 22, 2025
Globenewswire· 2025-05-20 11:30
Company Overview - Nexxen International Ltd. is a global advertising technology platform specializing in data and advanced TV, offering a flexible and unified technology stack that includes a demand-side platform (DSP) and supply-side platform (SSP) [5] - The company is headquartered in Israel and has offices across the United States, Canada, Europe, and Asia-Pacific, and is publicly traded on Nasdaq under the ticker NEXN [6] Upcoming Investor Day - Nexxen will host an Investor Day on May 22, 2025, from 9:00 AM ET to 12:30 PM ET in New York City, featuring a comprehensive overview of the company's strategic vision, financial growth outlook, product suite, and upcoming innovations [1][2] - The event will include sessions on industry outlook by a leading advertising market expert, a customer panel discussion, and a Q&A session with executive leadership [2] Attendance and Registration - The Investor Day will be available both in-person (by invitation only) and virtually, with advanced registration required for in-person attendance [3] - A live stream of the event will be accessible to the public, and interested parties can register for the webcast ahead of the event [8]
Nexxen International(NEXN) - 2025 Q1 - Earnings Call Transcript
2025-05-14 14:02
Nexxen International (NEXN) Q1 2025 Earnings Call May 14, 2025 09:00 AM ET Company Participants Billy Eckert - VP of Investor RelationsOfer Druker - CEO & Executive DirectorSagi Niri - CFOAndrew Marok - DirectorMatthew Condon - Director Equity Research - Internet & Digital MediaNat Schindler - Managing Director - Equity Research Conference Call Participants Jason Kreyer - Senior Research AnalystMaria Ripps - Managing Director, Senior Research AnalystBarton Crockett - Managing Director & Senior Research Anal ...
Nexxen International(NEXN) - 2025 Q1 - Earnings Call Transcript
2025-05-14 14:00
Financial Data and Key Metrics Changes - In Q1, the company generated contribution ex TAC of $75 million, representing an 8% year-over-year growth [18] - Programmatic revenue reached a Q1 record of $71.8 million, reflecting a 10% increase compared to Q1 2024 [18] - Adjusted EBITDA was $23.1 million, a 95% increase from Q1 2024, with an adjusted EBITDA margin increasing to 31% from 17% [20][21] - Non-IFRS diluted earnings per share were $0.16 in Q1 2025, compared to $0.02 in Q1 2024 [21] Business Line Data and Key Metrics Changes - CTV revenue reached a record of $26.4 million, reflecting 40% year-over-year growth, accounting for 37% of programmatic revenue, up from 29% in Q1 2024 [19] - Self-service contribution ex TAC grew by 32%, while PMP revenue rose by 12% year-over-year [20] - Contribution ex TAC from display decreased by 22%, largely due to declines in non-core, non-programmatic business lines [20] Market Data and Key Metrics Changes - The company observed continued growth in CTV, video, self-service products, and PMPs, with increases across education, finance, health, and automotive verticals [19] - The company is well diversified across various verticals, mitigating risks from any single sector [35] Company Strategy and Development Direction - The company emphasizes its unified end-to-end platform, which is gaining recognition for delivering simplicity, control, and efficiency [6] - The launch of NextAI is seen as a transformational step, enhancing the advertising journey through AI and machine learning capabilities [7][8] - The company aims to capitalize on the long-term growth opportunity in CTV as consumers shift to ad-supported streaming [11] Management's Comments on Operating Environment and Future Outlook - Management remains cautious about the advertising market due to economic uncertainty but is confident in achieving its full-year guidance [23][25] - The company is well positioned to support customers in challenging markets, focusing on efficiency and stronger ROI [25][26] - The ongoing Google AdTech antitrust case could potentially benefit the company by creating a more level playing field in the market [27] Other Important Information - The company repurchased approximately 3.7 million ordinary shares in Q1, representing an investment of about $32.9 million [21] - The company has no long-term debt and plans to continue allocating capital to share repurchases [22] Q&A Session Summary Question: Can you elaborate on the macro comments and specific verticals showing strength or weakness? - Management noted some softness in April but emphasized diversification across verticals, which helps mitigate risks [34] Question: Is the reiteration of guidance due to conservatism or related to AI investments? - Management indicated that the adjusted EBITDA beat was due to several factors, including top-line performance and better utilization, while maintaining caution regarding yearly guidance [36] Question: What feedback are you receiving from customers unfamiliar with Nexon? - Management highlighted improved messaging and the rising importance of data as key factors in attracting new customers [40] Question: Will there be incremental investments to take advantage of the Google outcome? - Management stated that no extra investment is needed, as growth can be achieved with current resources [44] Question: Can you provide more color on CTV segment growth versus platform improvements? - Management anticipates reaching around 40% CTV revenues out of programmatic revenue, while remaining cautious about external factors [49] Question: What partnerships are driving growth? - Management emphasized a diversified approach and did not rely on any single partnership for growth [70] Question: What percentage of DSP buys go through your SSP? - Currently, about 50% of DSP buys are facilitated through the SSP, with potential for growth in the future [74]