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]

Financial Data and Key Metrics Changes - In Q1, the company generated contribution ex TAC of $75 million, representing an 8% year-over-year growth [17] - Programmatic revenue reached a Q1 record of $71.8 million, reflecting a 10% increase compared to Q1 2024 [17] - Adjusted EBITDA was $23.1 million, a 95% increase from Q1 2024, with an adjusted EBITDA margin increasing to 31% from 17% [19] - Non-IFRS diluted earnings per share were $0.16 in Q1 2025 compared to $0.02 in Q1 2024 [20] - The company reported $19.3 million in net cash from operating activities, down from $37.7 million in Q1 2024 [20] Business Line Data and Key Metrics Changes - CTV revenue reached a record $26.4 million, reflecting 40% year-over-year growth and accounting for 37% of programmatic revenue, up from 29% in Q1 2024 [18] - Self-service contribution ex TAC grew by 32%, while PMP revenue rose by 12% year-over-year [19] - Contribution ex TAC from display decreased by 22%, largely due to declines in non-core, non-programmatic business lines [19] Market Data and Key Metrics Changes - The company is well-positioned to capitalize on the shift of advertising budgets from linear TV to CTV, supported by growing relationships with leading CTV advertisers and streaming platforms [11][12] - The company added 101 new actively spending first-time advertising customers in Q1, including 15 new enterprise self-service customers [14] Company Strategy and Development Direction - The company emphasizes a unified end-to-end platform that enhances simplicity, control, and efficiency, leveraging proprietary data and AI capabilities [7][8] - The launch of NextAI is seen as a transformational step, enhancing the advertising journey through generative AI and machine learning [9][10] - The company aims to expand its self-service footprint and focus on larger customers to improve contribution ex TAC durability [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year guidance despite macroeconomic uncertainties, citing ongoing spend consolidation and sustained CTV revenue strength [23][24] - The company remains cautious about potential impacts from macroeconomic shocks or policy shifts but believes it is more resilient to volatility than in the past [25][26] - The recent Google AdTech antitrust case verdict could benefit the company by creating a more level playing field for independent platforms [26] Other Important Information - The company has no long-term debt and plans to continue allocating capital to share repurchases, having repurchased approximately 29.2% of outstanding shares since initiating buyback programs [20][22] - The company is committed to building on its momentum through active investor engagement and upcoming events [15][28] 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 mitigates risks [34] Question: Is the guidance conservative due to macro conditions or related to AI investments? - Management indicated that the adjusted EBITDA beat was due to several factors, including top-line growth and better utilization, while maintaining caution regarding yearly guidance [35] 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 detail 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 diversification across partners and verticals, indicating resilience against reliance on any single partner [71] Question: What percentage of DSP buys go through your SSP? - Management indicated that approximately 50% of DSP buys are facilitated through their exchange, with potential for growth [74]

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]

Financial Performance - Nexxen's Contribution ex-TAC reached $75 million, an increase of 8% year-over-year[26, 27] - Programmatic Revenue grew to $71.8 million, a 10% increase year-over-year[27] - CTV Revenue experienced significant growth, reaching $26.4 million, a 40% increase year-over-year[27] - Adjusted EBITDA increased substantially to $23.1 million, a 95% increase year-over-year[27, 39] - Adjusted EBITDA Margin improved to 31%, compared to 17% in Q1 2024[27] - Non-IFRS Diluted EPS was $0.16[29, 40] Strategic Initiatives and Growth - Nexxen launched nexAI, marking a transformational step forward for the company[9] - Nexxen onboarded 101 new actively spending first-time advertiser customers[22] - Nexxen added 15 new enterprise self-service DSP customers[22] - Nexxen added 63 new supply partners[22]

Core Insights - Nexxen International Ltd. reported record financial results for Q1 2025, driven by a 40% year-over-year growth in Connected TV (CTV) revenue and a 95% increase in Adjusted EBITDA [1][3][5] - The company completed a $50 million Ordinary Share repurchase program and initiated a new $50 million repurchase program in April 2025 [1][11] - Nexxen will host an investor day on May 22, 2025, to discuss its growth strategies and innovations [1][3] Financial Performance - Q1 2025 Contribution ex-TAC reached $75.0 million, an 8% increase year-over-year [5][10] - Programmatic revenue for Q1 2025 was $71.8 million, up 10% year-over-year, and accounted for 92% of total revenue compared to 88% in Q1 2024 [5][10] - Adjusted EBITDA for Q1 2025 was $23.1 million, reflecting a 95% increase year-over-year, with an Adjusted EBITDA margin of 31% on a Contribution ex-TAC basis [5][10][12] Operational Highlights - The company added 101 new actively spending first-time advertiser customers in Q1 2025 across various sectors, including travel and financial services [11] - Nexxen expanded its partnerships with major players in the industry, enhancing its advanced TV offerings and programmatic advertising capabilities [11] - The launch of nexAI, an AI-powered suite of tools, is expected to improve data usability and performance for clients [3][11] Financial Guidance - Nexxen reaffirmed its full-year 2025 financial guidance, projecting Contribution ex-TAC of approximately $380 million and Adjusted EBITDA of around $125 million [6][7] - The company remains confident in its guidance despite potential market softness due to economic uncertainties [6][7]

Core Points - Nexxen International Ltd. announced the repurchase of 1,877,280 Ordinary Shares at an average price of $8.74 in April 2025 [1] - The company completed a previous $50 million Ordinary Share repurchase program and initiated a new $50 million program, expected to continue until November 19, 2025, or until completion [2] - As of April 30, 2025, Nexxen had 60,713,596 Ordinary Shares outstanding and approximately $39.0 million remaining under its current share repurchase program [3] Company Overview - Nexxen 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]

Core Viewpoint - Nexxen International Ltd. is set to release its financial results for Q1 2025 on May 14, 2025, before the U.S. market opens, followed by a conference call to discuss the results and outlook [1]. Company Overview - Nexxen 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]. - The company's core offering, the Nexxen Data Platform, supports various capabilities such as discovery, planning, activation, monetization, measurement, and optimization, tailored to meet diverse client needs [3]. - Nexxen is headquartered in Israel and has a presence in the U.S., Canada, Europe, and Asia-Pacific, and is publicly traded on Nasdaq under the ticker NEXN [4].

Core Viewpoint - Nexxen International Ltd. is set to host its inaugural investor day on May 22, 2025, in New York City, focusing on its strategic vision and financial growth outlook [1][2]. Group 1: Event Details - The investor day will take place from 9:00 AM ET to 12:30 PM ET, featuring presentations from the CEO and executive leadership [1][2]. - Attendance will be by invitation only for in-person participants, while the event will be accessible to the public via a virtual live stream [3]. Group 2: Company Overview - Nexxen 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's capabilities encompass discovery, planning, activation, monetization, measurement, and optimization, aimed at helping partners achieve diverse advertising goals [5]. Group 3: Communication and Registration - Interested parties can register for the webcast ahead of the event through Nexxen's investor relations website [8]. - A live stream of the investor day will be available, with an archived version accessible shortly after the event [8].

Core Insights - Nexxen has launched nexAI, a suite of AI-powered assistants and features integrated across its advertising technology platform, aimed at enhancing the advertising life cycle through transparency and efficiency [1][2][3] Group 1: Product Features and Capabilities - Nexxen's unified platform includes a demand-side platform (DSP), supply-side platform (SSP), and the Nexxen Data Platform, facilitating seamless communication and continuous improvement [2][6] - The nexAI suite leverages machine learning and generative AI to improve campaign performance and streamline workflows for advertisers, agencies, and publishers [2][3] - Key enhancements from nexAI focus on four areas: improved audience planning, AI-driven automation for campaign management, real-time optimization of campaigns, and AI-driven yield optimization for publishers [7] Group 2: Client Benefits and Market Position - Clients are increasingly relying on data and technology to navigate the media landscape, and nexAI addresses this need by transforming campaign management and inventory monetization [3][4] - The integration of AI allows for faster data insights, enabling teams to focus on strategic initiatives and growth opportunities rather than manual data analysis [4][5] - Nexxen's technology stack is designed to empower various stakeholders in the advertising ecosystem, ensuring they can achieve their specific goals effectively [6][7]

Core Insights - Nexxen has launched nexAI, a suite of AI-powered assistants and features integrated across its advertising technology platform, aimed at enhancing the advertising life cycle through transparency and efficiency [1][3][5] Company Overview - Nexxen is a global advertising technology platform that combines a demand-side platform (DSP), supply-side platform (SSP), and a data platform, along with an in-house creative studio, to create a unified ecosystem for advertisers, agencies, and publishers [2][6] AI Integration - The integration of AI within Nexxen's platform is designed to meet the evolving needs of clients navigating a fragmented media landscape, fundamentally transforming campaign management and inventory monetization [3][5] - nexAI enhances capabilities through machine learning and generative AI, providing superior results throughout the campaign journey [2][3] Key Areas of Enhancement - **Planning**: AI-driven audience planning and forecasting offer improved clarity and strategic recommendations [7] - **Activation**: Automation powered by AI streamlines campaign setup and management [7] - **Optimization**: Continuous real-time monitoring and optimization of campaigns using advanced algorithms to maximize performance and ROI [7] - **Monetization**: AI-driven yield optimization for publishers ensures increased transparency and revenue generation [7] Client Benefits - Clients can expect streamlined reporting and optimization, allowing teams to focus on strategic initiatives and growth opportunities [4]