Further, in 2024, five new offerings give advertisers advanced controls of their campaigns' reach and precision. "Nexxen's platform maximizes political dollars by providing advertisers with access to real-time voter data and the ability to reach those voters quickly, with precision and control," said Ariel Deitz, Vice President of Enterprise Partnerships at Nexxen. "With our full-stack technology and Streaming DNA core, we are helping our political advertisers maximize their frequency controls and make smar ...

NEW YORK, July 25, 2024 (GLOBE NEWSWIRE) -- Nexxen, a global, unified advertising technology platform with deep expertise in video and Connected TV ("CTV"), today announced the launch of key tools for political advertisers, providing them with advanced controls and unique audience data to make informed and granular decisions that drive campaign success. During the initial discovery phase, advertisers can utilize unique data and applications found in the Nexxen Data Platform. This valuable data is sourced fr ...

Nexxen International Ltd. (NASDAQ:NEXN) Q1 2024 Earnings Conference Call May 20, 2024 9:00 AM ET Company Participants Billy Eckert - VP, IR Ofer Druker - CEO Sagi Niri - CFO Conference Call Participants Matthew Condon - JMP Matthew Swanson - RBC Capital Markets Laura Martin - Needham Andrew Marok - Raymond James Mark Kelley - Stifel Operator Welcome to Nexxen's earnings call for the three months ended March 31, 2024. At this time, participants are in a listen-only mode, with a question-and-answer session to ...

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Customer Concentration and Revenue Stability - For the year ended December 31, 2023, no individual buyer accounted for more than 10% of the revenue, compared to one buyer representing 10.7% in 2022 and 13.6% in 2021[57]. - As of December 31, 2023, two buyers accounted for 16.2% and 16.5% of trade receivables, indicating a slight increase in concentration compared to previous years[57]. - The company relies on a limited number of large advertising customers, which may account for a significant portion of revenue, highlighting the risk of revenue volatility[56]. - The company has no minimum commitments from advertisers, which means demand can fluctuate significantly, posing a risk to revenue stability[59]. Competition and Market Dynamics - The company faces intense competition and must continuously innovate its platform to retain advertisers and publishers, which is critical for revenue growth[62]. - The advertising technology market is dynamic, and the company's growth is essential to avoid a decline in value[68]. - The company faces intense competition in the advertising market, which could hinder its ability to increase revenue and maintain profitability[91]. - Key competitors on the demand side include Roku Inc. and The Trade Desk, while Magnite and PubMatic are notable competitors on the supply side[247]. Data and Regulatory Risks - Significant parts of the business depend on relationships with data providers, and any limitations on access to data could impair the ability to deliver effective advertising solutions[63]. - Regulatory scrutiny and evolving standards in the AdTech industry could restrict data collection and usage, impacting the platform's effectiveness and revenue[65]. - The company faces risks related to evolving data privacy regulations, including the California Consumer Privacy Act (CCPA) and the California Privacy Rights Act (CPRA), which may increase compliance costs and affect business practices[135]. - The company is subject to GDPR and UK data protection laws, with potential fines up to €20 million or 4% of total global annual turnover for breaches[137]. Operational and Financial Performance - The total comprehensive loss for the year ended December 31, 2023, was $18.1 million, representing a 211.6% year-over-year decrease compared to a total comprehensive income of $16.2 million for 2022[205]. - Adjusted EBITDA for 2023 was $83.2 million, down 42.6% from $144.9 million in 2022[205]. - The company had a net cash position of $134.3 million as of December 31, 2023, consisting of cash and cash equivalents of $234.3 million, offset by $100.0 million in long-term debt[205]. - The company experienced average days sales outstanding (DSO) of 99 days and average days payable outstanding (DPO) of 97 days for the year ended December 31, 2023[123]. Economic and Global Factors - The company's revenue and operations are highly dependent on advertising demand, which has been negatively impacted by macroeconomic factors such as rising inflation and interest rates[82]. - Economic downturns and global supply chain constraints have led to decreased advertising budgets among many advertisers, adversely affecting the company's revenue[84]. - The company operates in 193 countries, exposing it to various risks including political unrest and global health emergencies, which could materially impact its financial results[85]. - Health epidemics, such as the COVID-19 pandemic, have previously curtailed economic activity and may continue to affect the company's operations and revenue[86]. Technology and Innovation - The platform currently processes approximately 199 billion daily ad requests and accommodates around 346 million daily ad impressions[225]. - The proprietary DMP processes millions of requests per second, supporting optimization and prediction models[227]. - The company aims to enhance its CTV solution capabilities and audience targeting capabilities as part of its growth strategy[231]. - The platform's advanced machine learning algorithms provide insights for bidding processes and ad impression trends, driving optimal results for advertisers[239]. Shareholder and Market Considerations - The company authorized a share repurchase program of up to $20.0 million, completing the first phase by repurchasing 2,505,851 ordinary shares at an average price of $3.49, totaling approximately $8.7 million[168]. - The dual listing of ordinary shares on AIM and ADSs on Nasdaq may adversely affect liquidity and market value[159]. - The company may lose its "foreign private issuer" status, which could lead to significant additional costs and compliance requirements[163]. - Holders of ADSs do not have preemptive subscription rights, which may lead to dilution of their equity holdings in future share issuances[180]. Employee and Management Risks - The loss of key executive officers or employees could disrupt the company's business and negatively impact its performance[99]. - The company has faced challenges in attracting and retaining key employees due to volatility in the value of its shares, which may affect employee morale and retention[101]. - The company is dependent on its sales and support teams to acquire new customers and increase platform usage, and challenges in hiring qualified personnel could adversely affect growth[95]. Strategic Acquisitions and Growth - The company has a history of acquisitions, including RhythmOne in 2019 and Amobee in 2022, which complicates the evaluation of its current business and future prospects[118]. - The company has pursued strategic acquisitions, including RhythmOne in 2019, Unruly in 2020, SpearAd in 2021, and Amobee in 2022, which may divert management attention and require significant cash[124]. - To fund the acquisition of Amobee, the company entered into a new debt facility, which has increased fixed obligations and may limit operational flexibility[125].

Nexxen International Ltd. (NASDAQ:NEXN) Q4 2023 Earnings Conference Call March 6, 2024 9:00 AM ET Company Participants Billy Eckert - Vice President, Investor Relations Karim Rayes - Chief Product Officer Ofer Druker - Chief Executive Officer Sagi Niri - Chief Financial Officer Conference Call Participants Matt Swanson - RBC Capital Markets Laura Martin - Needham Andrew Marok - Raymond James Matt Condon - JMP Eric Martinuzzi - Lake Street Mark Kelley - Stifel Operator Welcome to Nexxen’s Earnings Call for t ...

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Financial Data and Key Metrics Changes - For Q3 2023, the company generated contribution ex-TAC of $76.6 million, reflecting an 18% growth from $64.9 million in Q3 2022 [46] - For the nine months ended September 30, 2023, contribution ex-TAC was $223.7 million, an 8% increase compared to $206.7 million in the same prior year period [46] - Adjusted EBITDA for Q3 2023 was $21.3 million, down from $30.1 million in Q3 2022, and for the nine months, it was $51.2 million compared to $108 million in the same prior year period [58] - The adjusted EBITDA margin for Q3 2023 was 27% on a revenue basis, down from 43% in Q3 2022 [60] Business Line Data and Key Metrics Changes - Programmatic revenue for Q3 2023 was $74.2 million, reflecting a 23% increase from $60.1 million in Q3 2022 [49] - CTV revenue for Q3 2023 was $19.6 million, a decrease of 21% from $24.7 million in Q3 2022 [51] - Contribution ex-TAC from mobile increased 20% year-over-year, while display increased 138% year-over-year [52] Market Data and Key Metrics Changes - The company observed strength in shopping and food verticals during Q3 2023, but softness in the CPG vertical and CTV due to reduced advertising demand [47] - Programmatic revenue as a percentage of total revenue increased to 93% in Q3 2023, compared to 85% in Q3 2022 [50] Company Strategy and Development Direction - The company is focusing on scaling mid to long-term revenue-generating initiatives and increasing engagement with advertisers and publishers [12] - A rebranding to Nexxen International is planned, with a shareholder vote in December [17] - The integration of Amobee is expected to enhance tech and data capabilities, particularly in DSP and TV planning features [18] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing macroeconomic headwinds and uncertainty, which are expected to limit advertising demand and budgets [64] - The company anticipates contribution ex-TAC for full-year 2023 to be in the range of approximately $310 million to $315 million [65] - Management expressed confidence in the company's future growth prospects and the potential for share repurchase programs [41][42] Other Important Information - The company has a net cash position of $98.9 million and $80 million undrawn on its revolving credit facility [62] - A new $20 million ordinary shares repurchase program is pending approval from the Israeli Court [40] Q&A Session Summary Question: Guidance for the end of November and December - Management sees stabilization in the macro environment but remains cautious about revenue hitting by the end of the year [74] Question: Confidence in CTV market despite macro impacts - Management believes they are well-positioned for future growth in CTV, with strong capabilities in targeting and measurement [76][79] Question: Focus on partnerships and their contributions - Management clarified that partnerships are aimed at enhancing capabilities and market reach rather than direct financial contributions [80][82] Question: Positioning for cookie deprecation - The company is prepared for the deprecation of cookies, leveraging its end-to-end solution to reduce dependency [87] Question: Deceleration in Q4 guidance - Management attributes cautious guidance to ongoing macroeconomic instability and advertisers' cautious spending [90]

ERNATIONAL Tremor International Third Quarter 2023 Earnings Call November 22, 2023 Results for the three and nine months ended September 30, 2023 reflect the combined performance of Tremor International and Amobee while results for the three and nine months ended September 30, 2022 include Amobee contribution from September 12, 2022 through September 30, 2022. © 2023 Tremor International, Nexxen. All rights reserved. Introduction to Speakers & Safe Harbor Statement This presentation has been prepared by Tre ...

Tremor International Ltd. (TRMR) Q2 2023 Earnings Conference Call August 17, 2023 9:00 AM ET Company Participants Billy Eckert - Vice President of Investor Relations Ofer Druker - Chief Executive Officer Sagi Niri - Chief Financial Officer Conference Call Participants Matthew Swanson - RBC Capital Markets Laura Martin - Needham & Company Andrew Marok - Raymond James Eric Martinuzzi - Lake Street Capital Markets Andrew Boone - JMP Securities Operator Welcome to Tremor International's Second Quarter Ended Jun ...