Nexxen Announces April 2025 Share Repurchase Program Summary

Rhea-AI Summary

Nexxen International (NASDAQ: NEXN) has announced the completion of its previous $50 million share repurchase program and launched a new $50 million Ordinary Share repurchase program in April 2025. During April, the company repurchased 1,877,280 Ordinary Shares at an average price of $8.74. The new buyback program will run until November 19, 2025, or until completion, with approximately $39.0 million remaining under the current authorization. As of April 30, 2025, Nexxen had 60,713,596 Ordinary Shares outstanding (excluding treasury shares). The program is flexible, allowing the company to modify, suspend, or discontinue it at their discretion.

Positive

• Completion of previous $50 million share repurchase program demonstrates strong execution
• Launch of new $50 million buyback program signals confidence in company's financial position
• Significant portion ($39.0 million) still available for future share repurchases
• Active share repurchases can help support stock price and increase shareholder value

Negative

• Share repurchases reduce cash reserves that could be used for business growth or operations
• Average purchase price of $8.74 may not represent optimal use of capital if share price declines

Insights

Financial Markets Specialist

Nexxen's aggressive share buyback program represents significant capital return to shareholders, reducing outstanding shares by 3.1% in April alone.

Nexxen's share repurchase activity reveals a substantial commitment to capital return. In April 2025, the company repurchased 1,877,280 shares at an average price of $8.74, representing approximately 3.1% of their outstanding shares in just one month.

The company has completed its previous $50 million repurchase program and immediately launched another $50 million authorization. With $39 million remaining and a November 2025 deadline, Nexxen has already deployed $11 million (or 22% of the new program) in the first month - indicating an aggressive implementation pace.

The scale of these repurchases is particularly noteworthy. Based on the average purchase price and shares outstanding, the $50 million program represents a significant portion of Nexxen's market value. This systematic reduction in share count typically enhances per-share metrics like EPS for remaining shareholders.

While the company maintains flexibility to modify or suspend the program, the rapid execution of consecutive buyback authorizations demonstrates a consistent capital allocation strategy. For existing shareholders, this systematic reduction in outstanding shares effectively increases their proportional ownership of the company without requiring additional investment.

The repurchase activity suggests the board and management have confidence in Nexxen's financial position and operational performance within the competitive advertising technology landscape, particularly in their data and advanced TV business segments.

NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) -- Nexxen International Ltd. (NASDAQ: NEXN) (“Nexxen” or the “Company”), a global, flexible advertising technology platform with deep expertise in data and advanced TV, today announced that during April 2025 the Company repurchased 1,877,280 Ordinary Shares at an average price of $8.74.

In April 2025, Nexxen completed its previous $50 million Ordinary Share repurchase program and launched a new and ongoing $50 million Ordinary Share repurchase program, which is expected to continue until the earlier of November 19, 2025, or completion. The ongoing program does not obligate Nexxen to repurchase any particular amount of Ordinary Shares and the program may be suspended, modified or discontinued at any time at the Company’s discretion, subject to applicable law.

As of April 30, 2025, Nexxen had 60,713,596 Ordinary Shares outstanding (excluding treasury shares) and approximately $39.0 million remaining under its current share repurchase program authorization.

About Nexxen

Nexxen empowers advertisers, agencies, publishers and broadcasters around the world to utilize data and advanced TV in the ways that are most meaningful to them. Our flexible and unified technology stack comprises a demand-side platform (“DSP”) and supply-side platform (“SSP”), with the Nexxen Data Platform at its core. With streaming in our DNA, Nexxen’s robust capabilities span discovery, planning, activation, monetization, measurement and optimization – available individually or in combination – all designed to enable our partners to achieve their goals, no matter how far-reaching or hyper niche they may be.

Nexxen is headquartered in Israel and maintains offices throughout the United States, Canada, Europe and Asia-Pacific, and is traded on Nasdaq (NEXN). For more information, visit www.nexxen.com.

For further information please contact:

Nexxen International Ltd.
Billy Eckert, Vice President of Investor Relations
ir@nexxen.com

Caroline Smith, Vice President of Communications
csmith@nexxen.com

Forward Looking Statements

This press release contains forward-looking statements, including forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Forward-looking statements are identified by words such as “anticipates,” “believes,” “expects,” “intends,” “may,” “can,” “will,” “estimates,” and other similar expressions. However, these words are not the only way Nexxen identifies forward-looking statements. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the Company’s capital allocation plans generally and with respect to its ongoing and future share repurchase programs, as well as any other statements related to Nexxen’s future financial results and operating performance. These statements are neither promises nor guarantees but involve known and unknown risks, uncertainties and other important factors that may cause Nexxen’s actual results, performance or achievements to be materially different from its expectations expressed or implied by the forward-looking statements. Nexxen cautions you not to place undue reliance on these forward-looking statements. For a more detailed discussion of these factors, and other factors that could cause actual results to vary materially, interested parties should review the risk factors listed in the Company’s most recent Annual Report on Form 20-F, filed with the U.S. Securities and Exchange Commission (www.sec.gov) on March 5, 2025. Any forward-looking statements made by Nexxen in this press release speak only as of the date of this press release, and Nexxen does not intend to update these forward-looking statements after the date of this press release, except as required by law.

Nexxen, and the Nexxen logo are trademarks of Nexxen International Ltd. in the United States and other countries. All other trademarks are the property of their respective owners. The use of the word “partner” or “partnership” in this press release does not mean a legal partner or legal partnership.

FAQ

How much did Nexxen (NEXN) spend on share repurchases in April 2025?

In April 2025, Nexxen repurchased 1,877,280 Ordinary Shares at an average price of $8.74, completing its previous $50 million program and launching a new $50 million program.

When will Nexxen's (NEXN) new share repurchase program end?

The new $50 million share repurchase program will continue until the earlier of November 19, 2025, or until the authorized amount is completed.

How much money remains in Nexxen's (NEXN) current share buyback program?

As of April 30, 2025, approximately $39.0 million remained under Nexxen's current share repurchase program authorization.

How many shares does Nexxen (NEXN) have outstanding?

As of April 30, 2025, Nexxen had 60,713,596 Ordinary Shares outstanding, excluding treasury shares.

Can Nexxen (NEXN) modify or suspend its share repurchase program?

Yes, the program does not obligate Nexxen to repurchase any particular amount of shares and can be suspended, modified, or discontinued at any time at the company's discretion.