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]

Q2 2025 EARNINGS PRESENTATION August 11, 2025 1 SAFE HARBOR This presentation contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as "guidance," "believe," "expect," "estimate," "project," "plan," "will," or words or phrases wi ...

Getty Images The Trade Desk stock fell by 29% in after-hours trading, despite reporting strong quarterly results. This was mainly attributed to a slight miss on the Q3 guidance and the unforeseen departure of Laura Schenkein as CFO of the company, which has unsettled investors. This drop follows a significant rally, with TTD shares climbing nearly 20% over the past thirty days after the company's addition to the S&P 500 index. In light of its recent sell-off, a pivotal question is whether TTD stock is worth ...

Group 1: Tesla - Elon Musk plans to remain CEO of Tesla for at least the next five years, which is seen as positive news for shareholders [2] - Musk intends to reduce political spending, which may help mitigate brand damage Tesla has experienced due to his political involvement [2][6] - Tesla's stock has nearly doubled in the past 12 months, highlighting the importance of separating political beliefs from investment decisions [6] - The company benefits from having a singular leader like Musk, who has significant voting rights and a strong vision for the company [6] Group 2: Home Depot - Home Depot reported a 9% increase in total sales, although comparable sales were slightly down overall [8] - The company reaffirmed its full-year guidance, indicating confidence in its business despite market uncertainties [9] - Home Depot's operating margin decreased to 12.9% from 13.9% a year ago, with inventories up about 15% [9] - The company sources over 50% of its purchases from the US, providing it with flexibility in pricing amid tariff concerns [10][11] - Home Depot has a long-term track record of outperformance, with total returns up approximately 330% over the past decade [12][13] Group 3: Investment Strategies - The discussion includes the idea of creating a stock basket focused on companies that cater to consumer convenience and efficiency, such as DoorDash and Amazon [14][17] - The importance of understanding the underlying assets and strategies of ETFs, such as Vanguard's high-dividend yield ETF, is emphasized for potential investors [25][26] - The risks associated with investing in start-ups through self-directed IRAs and SAFEs are highlighted, noting the high-risk, high-reward nature of such investments [20][22]

Market Overview - The current stock market downturn presents opportunities for investors to acquire quality businesses at discounted prices, particularly for those with a long-term outlook of five to ten years [2][3] Artificial Intelligence Sector - The adoption of artificial intelligence (AI) is a significant secular tailwind, with estimates suggesting AI could contribute up to $15.7 trillion to the global economy by 2030 [3] Alphabet Inc. - Alphabet dominates the internet search market, controlling 90% of the global search market and approximately 26% of the digital advertising market in 2024 [4] - The company is the third-largest provider of cloud infrastructure services, holding an 11% market share [5] - Alphabet has integrated AI solutions into its search and advertising, and its AI model, Gemini, is gaining traction against competitors like ChatGPT [6] - The stock is currently valued at 20 times earnings, below its five-year average of 26, making it an attractive option for long-term investors [7] Meta Platforms - Meta Platforms leads in social media with a user base of approximately 3.35 billion monthly visitors, capturing 21% of the digital advertising market [8] - The company has leveraged its extensive user data to develop its AI offerings, including the widely used Meta AI (LLaMA) products [9] - Meta's stock is currently priced at 25 times earnings, presenting a compelling opportunity for long-term investors despite economic uncertainties [10] The Trade Desk - The Trade Desk is a leading demand-side platform in programmatic advertising, providing tools for advertisers to manage ad campaigns [11] - The company has introduced innovative solutions like Unified ID 2.0 and OpenPath, enhancing targeting and measurement capabilities [12] - The recent launch of the AI-powered Kokai platform aims to optimize digital marketing by accessing 13 million ad impressions per second [13] - Despite a recent stock decline of over 50% due to missed guidance, the stock is currently valued at 33 times forward earnings, representing a potential buying opportunity for investors [14]

Market Overview - Technology stocks are experiencing a downturn as investors seek safer investments amid a tariff-induced trade war [1][2] - The Nasdaq Composite index has entered correction territory, down 13% from its recent high on December 16 last year [3] The Trade Desk (TTD) - The Trade Desk's stock has dropped nearly 49% in 2025, presenting an attractive buying opportunity at a valuation of 12 times sales, down from 25 times at the end of 2024 [5][6] - The company missed its revenue expectations in Q4 2024 due to execution issues, leading to the stock's decline [6] - The programmatic advertising market, where The Trade Desk operates, is projected to generate $2.75 trillion in revenue by the end of the decade [7] - The Trade Desk has been integrating AI tools into its platform since 2017, with AI adoption in digital advertising expected to grow at an annual rate of 22.5% through 2033 [8] - Analysts expect The Trade Desk's growth to accelerate in the coming years despite near-term challenges [9][10] - The company ended 2024 with adjusted earnings of $1.66 per share, with expectations of single-digit growth this year followed by stronger growth in subsequent years [10][11] Broadcom (AVGO) - Broadcom's AI revenue grew 77% year over year in Q1 fiscal 2025, exceeding original expectations by nine percentage points [12][13] - The company sees a serviceable addressable market for its AI chips worth $60 billion to $90 billion over the next three fiscal years, significantly higher than its current $16 billion annual revenue run rate [14] - Analysts have raised revenue growth expectations for Broadcom for the next three fiscal years due to impressive top-line growth [15] - Earnings are expected to increase by 36% in the current fiscal year to $6.61 per share, with Broadcom trading at 28 times forward earnings, which is competitive compared to the Nasdaq-100 index [16] - Broadcom's substantial addressable opportunity suggests potential for sustained long-term growth, making it a favorable investment following a 20% decline in 2025 [17]