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Nexxen Seeks Authorization for New $20 Million Ordinary Share Repurchase Program
Globenewswire· 2025-08-15 11:30
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]
Nexxen Renews and Expands its Strategic Partnership with VIDAA, with a Focus on Growing VIDAA's North American CTV Footprint
GlobeNewswire News Room· 2025-08-11 11:30
Core Insights - Nexxen International Ltd. has renewed and expanded its strategic partnership with VIDAA, granting exclusive rights to monetize CTV and native display advertising on VIDAA media in North America through at least the end of 2029 [1][4] - Nexxen is investing an additional $35 million in VIDAA, bringing its total investment to $60 million, which represents approximately 6% of VIDAA's outstanding shares [6] Company Developments - The updated agreement allows Nexxen to have exclusive global access to VIDAA's automatic content recognition (ACR) data, enhancing audience targeting and measurement capabilities [4][3] - Since the partnership began in 2022, VIDAA has established a leadership position in key international markets, including Europe and Australia, while Nexxen has integrated VIDAA's ACR data into its platform [3][5] Market Strategy - The partnership aims to scale North American TV distribution and revenue opportunities, increasing monetization within VIDAA by expanding in-stream ad inventory [2][6] - VIDAA plans to leverage its rapid growth and widespread adoption to penetrate the competitive U.S. market, supported by Nexxen's advertising technology expertise [5][7] Future Outlook - The benefits of the updated agreement are expected to take effect starting in 2026, positioning both companies for strategic innovation and revenue growth [4][7] - The collaboration is seen as a significant step forward in supporting VIDAA's next phase of growth in North America, following its success in other global markets [7][6]
Nexxen Renews and Expands its Strategic Partnership with VIDAA, with a Focus on Growing VIDAA’s North American CTV Footprint
Globenewswire· 2025-08-11 11:30
Core Insights - Nexxen International Ltd. has renewed and expanded its strategic partnership with VIDAA, granting exclusive rights to monetize CTV and native display advertising on VIDAA media in North America through at least the end of 2029 [1][4] - Nexxen is investing an additional $35 million in VIDAA, bringing its total investment to $60 million, which represents approximately 6% of VIDAA's outstanding shares [6] Partnership Details - The updated agreement extends Nexxen's exclusive global access to VIDAA's automatic content recognition (ACR) data, enhancing audience targeting and measurement capabilities [4][3] - The partnership aims to scale North American TV distribution and revenue opportunities, increasing monetization within VIDAA and expanding in-stream ad inventory [2][3] Market Position and Growth - VIDAA has established a leadership position in key international markets, including Europe and Australia, and is now focusing on the U.S. market [3][5] - The partnership is expected to unlock unique opportunities for Nexxen's retail and direct-to-consumer advertiser clients, enhancing their access to exclusive inventory [4][6] Strategic Goals - Both companies aim to leverage their combined strengths to drive strategic innovation and revenue growth in the competitive CTV market [7] - VIDAA's rapid growth and adoption are seen as indicators of its quality and reliability, positioning it well for further expansion in North America [5][10]
Nexxen to Participate in Upcoming Financial Conferences
Globenewswire· 2025-08-06 11:30
Company Overview - Nexxen International Ltd. is a global advertising technology platform specializing in data and advanced TV [3][4] - The company operates a flexible and unified technology stack that includes a demand-side platform (DSP) and supply-side platform (SSP), centered around the Nexxen Data Platform [3] Recent Announcements - Nexxen announced participation in financial conferences, including a fireside chat at the Canaccord Genuity Annual Growth Conference on August 13 and a virtual fireside chat at the Rosenblatt Annual Technology Summit on August 19 [1][5] - Live webcasts of these events will be available on Nexxen's investor relations website, with replays accessible for approximately one year [1] Global Presence - The company is headquartered in Israel and has offices across the United States, Canada, Europe, and Asia-Pacific [4]
Nexxen Announces July 2025 Share Repurchase Program Summary
Globenewswire· 2025-08-01 11:30
Core Viewpoint - Nexxen International Ltd. has repurchased 880,000 Ordinary Shares at an average price of $10.41 during July 2025, indicating a commitment to returning value to shareholders [1]. Company Summary - As of July 31, 2025, Nexxen had 58,061,174 Ordinary Shares outstanding, excluding treasury shares, and approximately $7.2 million remaining under its current share repurchase program authorization [2]. - Nexxen operates as a global advertising technology platform, specializing in data and advanced TV, providing a flexible and unified technology stack that includes a demand-side platform (DSP) and supply-side platform (SSP) [3]. - The company's capabilities encompass discovery, planning, activation, monetization, measurement, and optimization, designed to meet the diverse needs of advertisers, agencies, publishers, and broadcasters [3]. - Nexxen 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 [4].
Nexxen to Announce Second Quarter 2025 Financial Results on August 13, 2025
Globenewswire· 2025-07-30 11:30
Core Viewpoint - Nexxen International Ltd. is set to release its financial results for the second quarter and first half of 2025 on August 13, 2025, before the U.S. market opens, indicating a focus on transparency and communication with investors [1]. Company Overview - Nexxen operates as a global advertising technology platform, specializing in data and advanced TV, providing a flexible and unified technology stack that includes both demand-side and supply-side platforms [3]. - The company's offerings encompass a wide range of capabilities such as discovery, planning, activation, monetization, measurement, and optimization, tailored to meet the diverse needs of advertisers, agencies, publishers, and broadcasters [3]. - Nexxen is headquartered in Israel and has a global presence with offices in the United States, Canada, Europe, and Asia-Pacific, and is publicly traded on Nasdaq under the ticker NEXN [4].
Nexxen Announces June 2025 Share Repurchase Program Summary
Globenewswire· 2025-07-01 11:30
Core Viewpoint - Nexxen International Ltd. has repurchased 800,000 Ordinary Shares at an average price of $10.45 during June 2025, indicating a commitment to returning value to shareholders [1] Company Summary - As of June 30, 2025, Nexxen had 58,941,174 Ordinary Shares outstanding, excluding treasury shares, and approximately $16.4 million remaining under its current share repurchase program authorization [2] - Nexxen operates as a global advertising technology platform, specializing in data and advanced TV, providing a flexible and unified technology stack that includes a demand-side platform (DSP) and supply-side platform (SSP) [3][4] - The company's capabilities encompass discovery, planning, activation, monetization, measurement, and optimization, designed to meet the diverse needs of advertisers, agencies, publishers, and broadcasters [3]
Nexxen Announces May 2025 Share Repurchase Program Summary
Globenewswire· 2025-06-02 11:30
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) [3][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 [4] Share Repurchase Program - In May 2025, Nexxen repurchased 1,260,000 Ordinary Shares at an average price of $11.30 [1] - As of May 31, 2025, the company had 59,483,096 Ordinary Shares outstanding and approximately $24.8 million remaining under its current share repurchase program authorization [2]
Nexxen Announces Transition to Reduced $50 Million Revolving Credit Facility
Globenewswire· 2025-05-30 11:30
Core Viewpoint - Nexxen International Ltd. has successfully amended its revolving credit facility, reducing the committed facility size and extending the maturity date, which enhances its liquidity for business operations and strategic investments [1][2]. 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) [3]. - 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 [4]. Financial Update - The committed facility size of Nexxen's revolving credit facility has been reduced from $90 million to $50 million, with the maturity extended to September 2027 [2]. - The company's strong cash position, combined with the updated credit facility, provides sufficient liquidity to support ongoing business needs and future strategic initiatives [2].
Nexxen Announced as a Preliminary Addition to the Russell 3000 Index
Globenewswire· 2025-05-27 11:30
Core Viewpoint - Nexxen International Ltd. has been named a preliminary addition to the Russell 3000 Index, with final inclusion expected to take effect on June 30, 2025, following the annual reconstitution of the index [1][3]. Group 1: Company Milestones - Nexxen's inclusion in the Russell 3000 Index signifies a significant milestone, highlighting the company's growth trajectory and increasing visibility among U.S. investors [3][4]. - The company made structural enhancements in February 2025, exchanging its former Nasdaq-listed ADRs for Ordinary Shares, which contributed to meeting the eligibility criteria for index inclusion [3]. Group 2: Strategic Importance - Membership in the Russell 3000 Index automatically includes Nexxen in the small-cap Russell 2000 Index and relevant growth and value style indexes, enhancing its market presence [2]. - The CEO of Nexxen emphasized that this recognition reflects the strength of the company's strategy and the impact it is having in the global advertising technology ecosystem [4]. Group 3: Company Overview - Nexxen operates as a global advertising technology platform, providing 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 traded on Nasdaq under the ticker NEXN [6].