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) [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 [5] Share Repurchase Program - In August 2025, Nexxen repurchased 460,000 Ordinary Shares at an average price of $9.82 [1] - As of August 31, 2025, Nexxen had 57,657,924 Ordinary Shares outstanding, excluding treasury shares, and approximately $2.7 million remaining under its current share repurchase program authorization [2] - Nexxen plans to initiate a new $20 million Ordinary Share repurchase program following the completion of the current program, with updates to be provided upon initiation or in case of delays due to creditor objections [3]

Shares of Nexxen International Ltd. Sponsored ADR (NEXN) have gained 0.1% over the past four weeks to close the last trading session at $10.03, 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 $15.38 indicates a potential upside of 53.3%.The mean estimate comprises eight short-term price targets with a standard deviation of $1.51. While the lowest estimate of $14.00 indicates a 3 ...

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Award recognizes Nexxen Discovery's AI-powered, content-first signals that deliver scalable performance Forward-Looking Statements Additional finalist honors for Best Data Management Platform and Best Buy-Side Programmatic Platform further highlight Nexxen's strength across data and buy-side performance. About Nexxen Nexxen empowers advertisers, agencies, publishers and broadcasters around the world to utilize data and advanced TV in ways that are most meaningful to them. Our flexible and unified technology ...

Summary of Nexon Conference Call Company Overview - **Company**: Nexon - **Industry**: Ad Tech - **Focus**: Both supply side and demand side of advertising - **Valuation**: Close to four times forward EBITDA [2][3] Core Insights and Arguments - **Transformational Activity**: Nexon has undergone significant changes, including a rebranding and a series of acquisitions to enhance its product suite [3][4] - **End-to-End Strategy**: Nexon aims to provide a unified platform for advertisers and publishers, reducing intermediaries and enhancing efficiency [9][10] - **Data Importance**: Emphasis on data as a critical component for targeting and campaign performance, with a focus on audience identification [6][9] - **AI Integration**: Nexon is developing AI tools to automate campaign management and improve operational efficiency [17][19][26] Key Developments - **Acquisitions**: Nexon has acquired several companies, including Tremor Video DSP, RhythmOne, Unruly, and Amobi, to create a comprehensive ad tech platform [4][5] - **Nexon Data Platform**: This platform allows advertisers and publishers to onboard their data, providing insights and audience targeting capabilities [14][15] - **Partnership with VEDA**: A partnership with Hisense to leverage ACR data for connected TV advertising, enhancing targeting and measurement capabilities [45][46] Financial Performance and Outlook - **Q2 Earnings**: Nexon expects a contribution ex TAC of around $380 million, up approximately 11%, with EBITDA growth of around 9% to $125 million [66][72] - **Growth Strategy**: Aiming for a medium-term target of 10% CXT contribution ex TAC growth and adjusted EBITDA margins in the 40% range [72][74] - **Capital Allocation**: Shift from share repurchase to potential acquisitions, with a focus on smaller, strategic M&A opportunities [76][80] Additional Insights - **Market Positioning**: Nexon is positioning itself to compete with major players like Google and Facebook by offering integrated solutions for both advertisers and publishers [12][13] - **AI as a Competitive Advantage**: The integration of AI across its platform is seen as a differentiator that enhances customer experience and operational efficiency [25][35] - **Customer Trust in AI**: Building customer confidence in AI tools is crucial for achieving full automation in campaign management [31][32] Conclusion Nexon is strategically positioned in the ad tech industry with a focus on data integration, AI capabilities, and a comprehensive end-to-end platform. The company is optimistic about its growth trajectory and is exploring new avenues for expansion through acquisitions and partnerships.

Core Viewpoint - Nexxen International Ltd. is initiating a new $20 million Ordinary Share repurchase program to capitalize on perceived undervaluation and demonstrate confidence in its long-term prospects [1][2] Financial Position - The company maintains a strong cash position, supported by a profitable and cash-generative model, allowing for a balanced capital allocation strategy focused on long-term growth and shareholder value creation [2] Investment Strategy - Nexxen plans to invest an additional $35 million in VIDAA, increasing its equity stake to approximately 6%, to support VIDAA's North American CTV expansion and enhance the long-term value of its data and advertising rights [3] - The company will continue investing in the expansion of its commercial and media teams and in product innovation to accelerate future growth and reinforce its global market position [4] Strategic Opportunities - Nexxen is exploring targeted strategic opportunities to expand its monetizable data assets, enhance AI capabilities, and accelerate growth across core business lines in the U.S. and internationally, or enter new high-growth markets [5] Repurchase Program Details - The new repurchase program is subject to a 30-day creditor objection period and requires consent from the company's bank lenders before it can commence [6][7] - As of July 31, 2025, approximately $7.2 million remains under the current repurchase authorization, expected to be completed before November 19, 2025 [8]

Summary of Nexxen International (NEXN) FY Conference Call - August 13, 2025 Company Overview - Nexxen operates in the programmatic advertising technology space, uniquely combining demand side platform (DSP) and supply side platform (SSP) capabilities to serve both advertisers and publishers through a unified platform [3][4] - The company has undergone significant transformation through acquisitions, with the most notable being Moby in 2022, enhancing its technology and market presence [4][5] - Nexxen rebranded in 2024 and transitioned to a single listing on Nasdaq, improving visibility and analyst coverage [6] Financial Performance - In Q2 2025, Nexxen reported an 8% year-over-year growth in programmatic revenue and generated $29.9 million in adjusted EBITDA, reflecting a 12% increase [7][8] - Data products were a standout, growing 76% year-over-year, indicating a strong trajectory for data and technology licensing [8] - The company repurchased approximately $39 million in stock during Q2, having bought back around 34% of its shares outstanding over the past three years [9][49] Industry Trends and Growth Areas - Connected TV (CTV) revenue grew 1% in Q2, attributed to CPM pressure and customer impacts from tariffs, but long-term growth in CTV remains optimistic due to strong technology and data capabilities [11][12] - The rise of AI and platforms like ChatGPT is shifting consumer attention from traditional search to video and CTV, potentially accelerating advertising spend in these areas [31] Unique Value Proposition - Nexxen's end-to-end approach allows for seamless transactions and higher scale, leveraging a proprietary Nexon Data Platform that enhances efficiency for both buyers and sellers [15][22] - The company has developed a unique identity graph that integrates various identity solutions, improving audience targeting and campaign effectiveness [22][23] Strategic Partnerships - Nexxen renewed its partnership with Vita, gaining exclusive global ACR data rights and video/display ad monetization rights in North America through 2029, which is expected to enhance monetization opportunities [38][40][41] - The partnership positions Nexxen to capitalize on the growing CTV market, particularly in North America, which is the largest advertising market [42] Future Outlook - Nexxen is focused on continued investment in technology, particularly in AI capabilities, with plans to enhance offerings for both DSP and SSP sides [54][55] - The company is exploring strategic acquisition opportunities to enhance its data footprint and accelerate growth in high-potential areas [52][53] Key Takeaways - Nexxen's unique positioning in the programmatic advertising space, strong financial performance, and strategic partnerships position it well for future growth - The focus on AI and data capabilities, along with the renewal of key partnerships, are critical components of Nexxen's strategy moving forward [55]

Financial Data and Key Metrics Changes - In Q2, the company generated contribution ex TAC of $87.8 million, a record for Q2, reflecting a 6% year-over-year increase [20] - Adjusted EBITDA reached $29.9 million in Q2, a 12% increase from Q2 2024, with an adjusted EBITDA margin rising to 34% from 32% [22] - Non-IFRS diluted earnings per share were $0.29 in Q2 2025, compared to $0.18 in Q2 2024 [23] - The company had $131.5 million in cash and cash equivalents, no long-term debt, and $50 million undrawn on its revolving credit facility as of June 30 [23] Business Line Data and Key Metrics Changes - Programmatic revenue reached a Q2 record of $85 million, reflecting an 8% increase compared to Q2 2024, driven by strength in data, product, health service, tech licensing, and desktop revenue [20] - CTV revenue grew 1% year-over-year to $28.4 million, marking a Q2 record despite macroeconomic challenges [21] - Contribution ex TAC from data products increased by 76%, while PMPs and display revenue declined by 64% year-over-year [21] Market Data and Key Metrics Changes - The company added 108 new actively spending first-time advertiser customers in Q2, including 43 enterprise self-service customers [16] - The company is focusing on scaling North American revenue and expanding international monetization, particularly through its partnership with VIDA [13] Company Strategy and Development Direction - The company is executing its core strategy by advancing in CTV, data, AI, and its tech platform, aiming for long-term growth and market share gains [7] - A renewed partnership with VIDA is expected to enhance CTV revenue and data monetization opportunities starting in 2026 [11][12] - The company is investing an additional $35 million in VIDA to accelerate North American CTV expansion [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting full-year guidance, anticipating contribution ex TAC of approximately $380 million and adjusted EBITDA of approximately $125 million for 2025 [24] - The company is closely monitoring market uncertainties related to tariffs and geopolitical tensions but remains optimistic about growth in CTV and data licensing revenue [24][25] - Management believes that AI investments will drive operational efficiency and margin expansion, particularly in 2026 and beyond [27] Other Important Information - The company has repurchased approximately 3.9 million ordinary shares, investing about $39.1 million, and is evaluating a new buyback program [23] - The company has been added to the Russell 3,000 Index, and analyst coverage has grown by 80% since moving to a single U.S. ordinary share listing [14][15] Q&A Session Summary Question: Insights on Next AI product and its integration - Management discussed the positive feedback from clients using the Next AI product and plans to integrate capabilities into the SSP for a full-cycle solution [30][31] Question: Adjusted EBITDA growth exceeding revenue growth - Management attributed the adjusted EBITDA upside to operational leverage and efficiencies from the Next AI internal tool [33][34] Question: Slow growth in connected television revenue - Management explained that the slow growth in CTV revenue is due to macroeconomic factors affecting CPMs but remains optimistic about future growth [38][39] Question: Long-term prospects for open Internet companies - Management acknowledged the impact of AI on user behavior but emphasized growth opportunities in CTV and mobile in-app advertising [44][46] Question: Confidence in second half revenue guidance - Management expressed confidence in achieving guidance based on visibility into market trends and ongoing investments in technology and data [51][52] Question: Potential for M&A activity - Management indicated readiness to consider acquisitions that would enhance client base and market coverage, while also focusing on organic growth [57][58] Question: Opportunities from Google's antitrust case - Management believes that potential remedies from the antitrust case could provide opportunities for market share gains in the open Internet space [63][64] Question: Impact of peer transitions in the SSP business - Management stated that they have not experienced the same issues as peers and highlighted their diversified approach with both DSP and SSP capabilities [71][72]

Financial Performance - Nexxen achieved a Contribution ex-TAC of $87.8 million, a 6% year-over-year increase[16, 17] - Programmatic revenue reached $85.0 million, up 8% year-over-year[17] - CTV revenue was $28.4 million, a 1% year-over-year increase[17] - Adjusted EBITDA increased by 12% year-over-year to $29.9 million[17, 26] - Adjusted EBITDA Margin was 34%, compared to 32% in Q2 2024[17] - Non-IFRS Diluted EPS was $0.29[18] - Net cash from operating activities was $17.4 million[18] - Cash and cash equivalents totaled $131.5 million as of June 30, 2025[18] Strategic Initiatives and Investments - Nexxen is investing an additional $35 million in VIDAA to accelerate their North American CTV expansion[8, 21] - Approximately 3.9 million shares were repurchased in Q2, representing an investment of approximately $39.1 million[21] Future Outlook - Nexxen reaffirms its full-year 2025 guidance, projecting Contribution ex-TAC of approximately $380 million and Adjusted EBITDA of approximately $125 million[22] - The company anticipates that 90% of its 2025 revenue will come from programmatic sources[22]

Core Insights - Nexxen International Ltd. reported strong Q2 2025 financial results, with a record Contribution ex-TAC of $87.8 million, up 6% year-over-year, and a record programmatic revenue of $85.0 million, up 8% year-over-year [5][10] - The company achieved an Adjusted EBITDA of $29.9 million, representing a 12% increase year-over-year and an Adjusted EBITDA Margin of 34% on a Contribution ex-TAC basis [5][12] - Nexxen renewed and expanded its strategic partnership with VIDAA, increasing its investment by $35 million to support VIDAA's North American CTV expansion, which is expected to enhance Nexxen's competitive edge in data and CTV [3][11] Financial Performance - Q2 2025 Contribution ex-TAC reached $87.8 million, a 6% increase from $83.1 million in Q2 2024 [12][25] - Programmatic revenue for Q2 2025 was $85.0 million, an 8% increase from $78.6 million in Q2 2024, while CTV revenue was $28.4 million, up 1% year-over-year [5][12] - Adjusted EBITDA for Q2 2025 was $29.9 million, up 12% from $26.8 million in Q2 2024, with an Adjusted EBITDA Margin of 34% compared to 32% in Q2 2024 [5][12] Strategic Developments - The launch of nexAI, a suite of AI-powered tools, is expected to enhance performance across Nexxen's platform and streamline operations [3][11] - The renewed partnership with VIDAA secures exclusive access to ACR data and monetization rights in North America through at least the end of 2029, marking a significant milestone in Nexxen's CTV strategy [3][11] - Nexxen added 108 new actively spending first-time advertiser customers in Q2 2025, indicating strong demand for its services [11] Operational Highlights - As of June 30, 2025, Nexxen had $131.5 million in cash and cash equivalents, with no long-term debt and $50 million undrawn on its revolving credit facility [5][12] - The company repurchased 3,937,280 Ordinary Shares during Q2 2025 at an average price of $9.91, totaling approximately $39.1 million [11][12] - Nexxen's Board of Directors plans to evaluate a new share repurchase program following the completion of the current program [11]