Data-driven, end-to-end platform enables marketing strategies that ensure compliance while maximizing impact across display, linear & Connected TV Innovative integration with leading healthcare analytics company PurpleLab provides powerful audience-building and reporting tools NEW YORK, April 10, 2025 (GLOBE NEWSWIRE) -- Nexxen (NASDAQ: NEXN), a global, flexible advertising platform with deep expertise in data and advanced TV, today announced the launch of Nexxen Health, a new offering enabling health adver ...

Core Insights - Nexxen International Ltd. announced the repurchase of 1,498,918 Ordinary Shares at an average price of $7.96 during March 2025, as part of its ongoing $50 million share repurchase program [1] - As of March 31, 2025, Nexxen had 62,566,192 Ordinary Shares outstanding and approximately $5.5 million remaining under its current share repurchase program authorization [1] Share Repurchase Program - The Board of Directors approved a new $50 million Ordinary Share repurchase program, set to begin on the earlier of May 19, 2025, or upon completion of the current program [2] - Nexxen intends to issue monthly press releases detailing the number of shares repurchased and the total shares outstanding [3] Disclosure Practices - Nexxen previously provided daily repurchase updates while listed on AIM, but now follows SEC disclosure requirements, which are more limited for Nasdaq-listed companies [4] - The company believes that monthly updates represent a balanced approach, enhancing transparency for both U.S. and international shareholders [4] 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) [5] - 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 [6]

LONDON, March 19, 2025 (GLOBE NEWSWIRE) -- Nexxen, (NASDAQ:NEXN), a global, unified advertising technology platform with deep expertise in data and advanced TV, today announced an expansion of its partnership with Tubi, Fox Corporation's ad-supported streaming service. Building on Nexxen and Tubi's partnership in the U.S., Nexxen will now support Tubi in the U.K. through its supply-side platform, Nexxen SSP, to increase programmatic advertising revenue opportunities. The connected TV market in the U.K. has ...

Out of many publicly-traded advertising technology (or ad-tech) companies, Nexxen International Ltd. (NASDAQ: NEXN ) is a name that could be considered under-the-radar. While shares in the Israel-based ad-tech firm are listed on theAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation ...

Core Insights - Nexxen has appointed four new executives to enhance its business development, enterprise sales, and client services initiatives both in the U.S. and globally [1][2] Group 1: Executive Appointments - Dianne Cairoli has been appointed as Vice President of Sales and Client Success for the Southern U.S., bringing experience from Dish's Sling TV and other major companies [3][5] - Jessica Curry will serve as Vice President of Sales and Client Success for the Central U.S., previously holding leadership roles at Teads and Mode Media [4][5] - Jaan Janes has been appointed Vice President of Business Development, focusing on global growth strategies for monetizing display and online video, with a strong background in digital media [6] - Michael Lewis will take on the role of Vice President of Enterprise Sales, concentrating on enterprise client relationships and strategic solutions across Nexxen's offerings [7] Group 2: Strategic Focus and Goals - The new hires are expected to leverage their expertise in data, streaming, and omnichannel platforms to drive growth and client success in key U.S. regions [5][8] - The company aims to enhance customer experience and accelerate strategic expansion and product adoption through these appointments [8] - Nexxen's technology stack includes a demand-side platform (DSP) and supply-side platform (SSP), designed to help partners achieve their advertising goals [9]

Core Insights - Nexxen has appointed four new executives to enhance its business development, enterprise sales, and client services initiatives in the U.S. and globally [1][2] Group 1: Executive Appointments - Dianne Cairoli has been appointed as Vice President of Sales and Client Success for the Southern U.S., bringing experience from Dish's Sling TV and other major companies [3][5] - Jessica Curry will serve as Vice President of Sales and Client Success for the Central U.S., previously holding leadership roles at Teads and Mode Media [4][5] - Jaan Janes has been named Vice President of Business Development, focusing on global growth strategies for display and online video, with a background in digital media [6] - Michael Lewis will take on the role of Vice President of Enterprise Sales, concentrating on enterprise client relationships in the Central U.S. and leveraging his experience from Viant and Kargo [7] Group 2: Strategic Focus and Expertise - The new hires are expected to leverage their expertise in data, streaming, and omnichannel platforms to drive growth and client success in key U.S. regions [5][8] - The company emphasizes the importance of building partnerships with brands, agencies, and media companies to enhance customer experience and accelerate strategic expansion [8] Group 3: Company Overview - Nexxen is a global advertising technology platform that integrates data and advanced TV capabilities, offering a unified technology stack that includes a demand-side platform (DSP) and supply-side platform (SSP) [9] - The company is headquartered in Israel and has a presence in the U.S., Canada, Europe, and Asia-Pacific, and is traded on NASDAQ under the ticker NEXN [10]

Financial Data and Key Metrics Changes - In Q4 2024, Nexxen International Ltd. generated a contribution ex-TAC of $105.2 million, marking a 16% year-over-year growth and an all-time quarterly record [31] - Adjusted EBITDA for Q4 was $44.3 million, reflecting a 38% increase from Q4 2023, with an adjusted EBITDA margin of 42%, up from 35% in Q4 2023 [36][37] - Contribution ex-TAC per active customer increased to approximately $526,000, representing a 69% growth from 2023 [37] Business Line Data and Key Metrics Changes - Programmatic revenue reached $98.7 million in Q4, a 15% increase from Q4 2023, also an all-time quarterly record [32] - CTV revenue was $37 million in Q4, reflecting an 86% growth year-over-year and accounting for 38% of programmatic revenue, up from 23% in Q4 2023 [33] - Contribution ex-TAC from data products grew by 102% year-over-year in Q4 [36] Market Data and Key Metrics Changes - The U.S. election cycle contributed approximately $6 million in political contribution ex-TAC in Q4 2024 and about $10 million for the full year [36] - The company added 112 new actively spending first-time advertisers and 73 new supply partners in Q4 [22][23] Company Strategy and Development Direction - The company is focused on enhancing its platform through AI capabilities and generative AI innovations, aiming to improve user experience and targeting precision [14][25] - Nexxen International Ltd. is positioned to capture market share in the CTV space, leveraging its end-to-end platform and strong relationships with publishers and advertisers [20][21] - The company plans to deepen its AI capabilities and expand its CTV, omnichannel, and data licensing revenue opportunities in 2025 [45][46] Management's Comments on Operating Environment and Future Outlook - Management noted a normalized environment post-election cycle and expressed confidence in executing their strategy for 2025 [58][59] - The company anticipates generating approximately $380 million in contribution ex-TAC for full-year 2025, with programmatic revenue expected to account for about 90% of total revenue [41] Other Important Information - The company repurchased approximately 4.5 million ordinary shares in Q4, reflecting an investment of $20.1 million [38] - Nexxen International Ltd. has transitioned to a single U.S. ordinary share listing on NASDAQ, which is expected to enhance its long-term capital appreciation potential [24] Q&A Session Summary Question: Can you talk about the go-to-market improvements and how you're looking to build on some of this momentum into 2025? - Management highlighted the importance of brand improvement and data integration in enhancing market understanding and response [54][56] Question: What are you seeing in Q1 so far and how do you think about the environment in your full-year guidance? - Management indicated a stable environment and continued execution of their strategy without unexpected changes affecting 2025 results [58][59] Question: Can you elaborate on the data product growth and its future trajectory? - Management confirmed significant growth in data products, particularly ACR data, and emphasized the preference to integrate data with media services for better margins [62][67] Question: What is the guidance for programmatic revenue and what constitutes the remaining 10%? - Management clarified that 90% of revenue will come from the end-to-end ecosystem, with the remaining 10% related to legacy performance activities [70] Question: How is the company positioned to grow its CTV business? - Management noted that the company has unique demand and is able to grow its publisher base by offering additional value beyond traditional SSP relationships [80] Question: Can you discuss the opportunity to move down market into the SMB performance territory with generative AI? - Management acknowledged that generative AI will simplify platform usage, enabling the company to reach smaller advertisers more effectively [88][90] Question: What are the key levers for growth in data licensing revenue in 2025? - Management identified winning new business and enhancing engagement with existing partners as primary growth strategies [93][95]

Revenue Concentration and Customer Dependency - For the year ended December 31, 2024, one buyer represented 11.5% of the revenue, compared to no individual buyer accounting for more than 10% in 2023[59]. - As of December 31, 2024, three buyers accounted for 19.1%, 12.1%, and 11.2% of trade receivables, indicating increased concentration in revenue sources[59]. - The company relies on a limited number of large advertising customers, which may account for a significant portion of revenue, highlighting potential risks in customer dependency[58]. - The company has no minimum commitments from advertisers, agencies, or DSPs, leading to fluctuating demand and potential revenue instability[62]. Competition and Market Dynamics - The company faces intense competition and must continuously innovate its platform, including investments in machine learning and generative artificial intelligence[65]. - The advertising technology market is dynamic, and the company's growth is essential to avoid a decline in value[71]. - The company faces significant competition and potential pricing pressure due to industry consolidation, which may affect its ability to attract and retain key customers[72]. - The company must adapt to changes in technology and consumer preferences to retain advertisers and publishers, or risk declining revenue[65]. Regulatory and Compliance Risks - Regulatory scrutiny and evolving standards in the AdTech industry could limit the company's ability to collect and use data, impacting advertising effectiveness[68]. - The company is subject to evolving regulations regarding data privacy and consumer protection, which may increase compliance costs and impact advertising revenue[136]. - The California Consumer Privacy Act (CCPA) and California Privacy Rights Act (CPRA) impose additional regulations that may require modifications to data collection practices and increase potential liabilities[138]. - Under GDPR, fines for breaches can reach up to €20 million or 4% of total global annual turnover, which could significantly impact the company's financials[141]. Technology and Data Management - The company’s ability to deliver targeted advertising campaigns depends on acquiring effective data sets, which may be restricted by third-party providers[66]. - Any limitations on the use of tracking technologies, such as cookies and mobile device IDs, could diminish the platform's effectiveness and harm revenue[69]. - The company is integrating generative AI technologies into its operations, which presents both significant potential benefits and risks related to regulatory compliance and data privacy[94][96]. - The Nexxen Data Platform enables advertisers and publishers to optimize advertising campaigns using data from various sources[236]. Financial Performance and Growth - Total comprehensive income for 2024 was $35.4 million, a 295.3% increase from a loss of $18.1 million in 2023[199]. - Adjusted EBITDA for 2024 increased to $114.6 million, a 37.7% year-over-year increase from $83.2 million in 2023[199]. - Video revenue increased to $232.4 million in 2024 from $207.5 million in 2023, representing a growth of 12.0%[198]. - CTV revenue rose to $113.8 million in 2024 from $85.5 million in 2023, marking a growth of 33.1%[198]. Operational Challenges - The company must scale its platform infrastructure to support anticipated growth and transaction volume, or risk limiting its revenue potential[78]. - Cybersecurity risks pose a threat to operational systems and could disrupt business continuity, impacting financial results[82]. - The company is dependent on its sales and support teams to acquire new customers and increase usage of its platform, with challenges in recruiting and training skilled personnel[103]. - Long sales cycles can lead to significant time and investment before generating revenue, making it difficult to project new advertiser or publisher acquisitions[124]. International Operations and Market Expansion - The company operates in 193 countries, exposing it to various risks including political unrest, natural disasters, and cyberattacks, which could adversely affect its financial results[91]. - The anticipated international growth is expected to increase the number of transactions in various foreign currencies, despite existing hedging programs[182]. - The company aims to expand its international footprint and U.S. market share by acquiring new publishers and advertisers globally[231]. Shareholder and Financial Management - The company repurchased 18,954,608 Shares, or 24.5% of outstanding shares, from March 1, 2022, to December 31, 2024, for a total investment of £125.9 million or $157.3 million[172]. - A share repurchase program of $20.0 million was announced on December 18, 2023, and completed on April 24, 2024[173]. - The current outstanding share repurchase program of $50.0 million, announced on October 17, 2024, commenced on November 19, 2024, and will end by May 19, 2025, or upon completion[173]. - The company may not guarantee the effectiveness of its share repurchase plan in enhancing long-term shareholder value[176].

Exhibit 99.1 Nexxen Reports Fourth Quarter and Full Year 2024 Financial Results Generated all-time quarterly Contribution ex-TAC, programmatic revenue and CTV revenue records in Q4 2024, achieving 16%, 15%, and 86% year-over-year growth, respectively Attained 38% year-over-year Adjusted EBITDA growth in Q4 2024, while expanding Adjusted EBITDA Margin as a percentage of Contribution ex-TAC to 42% from 35% Simplified the Company's stock exchange and trading structure in Q1 2025, streamlining to a single U.S. ...

Core Insights - Nexxen International Ltd. achieved all-time quarterly records in Contribution ex-TAC, programmatic revenue, and CTV revenue in Q4 2024, with year-over-year growth rates of 16%, 15%, and 86% respectively [1][5] - The company reported a 38% year-over-year growth in Adjusted EBITDA for Q4 2024, increasing the Adjusted EBITDA Margin on Contribution ex-TAC to 42% from 35% [1][5] - Nexxen's Board of Directors approved a new $50 million Ordinary Share repurchase program following the completion of the ongoing program [1][11] Q4 2024 Financial Highlights - Contribution ex-TAC reached $105.2 million, a 16% increase from Q4 2023 [5][12] - Programmatic revenue was $98.7 million, reflecting a 15% year-over-year growth [5][12] - CTV revenue hit $37.0 million, marking an 86% increase year-over-year [5][12] - Adjusted EBITDA for Q4 2024 was $44.3 million, up 38% from the previous year [5][12] - The company had cash and cash equivalents of $187.1 million as of December 31, 2024, with no long-term debt [5][12] Full Year 2024 Financial Highlights - Total revenue for 2024 was $365.5 million, a 10% increase from 2023 [5][12] - Annual Contribution ex-TAC was $343.5 million, up 9% year-over-year [5][12] - Annual programmatic revenue reached $324.5 million, also a 9% increase [5][12] - CTV revenue for the full year was $113.8 million, reflecting a 33% increase from 2023 [5][12] - Adjusted EBITDA for the full year was $114.6 million, a 38% increase compared to 2023 [5][12] Operational Highlights - The company simplified its trading structure by transitioning to a single U.S. Ordinary Share listing on Nasdaq [1][9] - Nexxen's DSP added 112 new actively spending first-time advertiser customers in Q4 2024 [9][6] - The company onboarded 73 new supply partners across various verticals in Q4 2024 [9][6] - Nexxen launched a Deal Marketplace within its DSP to enhance campaign planning and execution [9][6] Financial Guidance for 2025 - Nexxen anticipates Contribution ex-TAC of approximately $380 million for the full year 2025 [9] - Programmatic revenue is expected to represent about 90% of total revenue in 2025 [9] - Adjusted EBITDA is projected to be around $125 million for 2025 [9] - The company plans to increase investments in technology, data, and Generative AI in 2025 [9]