Nexxen Announces July 2025 Share Repurchase Program Summary

Rhea-AI Summary

Nexxen International (NASDAQ: NEXN), a global advertising technology platform, has reported its July 2025 share repurchase activity. The company bought back 880,000 Ordinary Shares at an average price of $10.41 per share.

Following these repurchases, Nexxen had 58,061,174 Ordinary Shares outstanding as of July 31, 2025, excluding treasury shares. The company still has approximately $7.2 million remaining under its current share repurchase program authorization.

Positive

• None.

Negative

• Relatively small buyback amount may indicate limited immediate impact on share value

Insights

Financial Analyst

Nexxen's share repurchase program signals confidence in its valuation while strategically reducing outstanding shares by 1.5% in July alone.

Nexxen's July share repurchase activity reflects a significant buyback pace, with 880,000 shares acquired at an average price of $10.41. This represents approximately 1.5% of their outstanding shares repurchased in a single month, demonstrating a substantial commitment to their buyback program.

The company has $7.2 million remaining in its current authorization, which at the recent purchase price would enable them to repurchase roughly 690,000 additional shares. This continued repurchase activity creates a steady source of demand for the stock while gradually reducing the outstanding share count to 58,061,174 shares (excluding treasury shares).

Share repurchases generally indicate management's confidence in the company's valuation and future prospects. By reducing the number of outstanding shares, Nexxen is effectively increasing each remaining shareholder's ownership percentage. This can enhance key per-share metrics like earnings per share (assuming stable or growing earnings) and potentially support share price appreciation over time.

The pace and size of these repurchases suggest management views the current share price as representing good value. For context, the 1.5% reduction in share count in a single month is a relatively aggressive pace compared to typical buyback programs, signaling strong conviction from leadership about the company's intrinsic value relative to market price.

NEW YORK, Aug. 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 July 2025 the Company repurchased 880,000 Ordinary Shares at an average price of $10.41.

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.

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. 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 many shares did Nexxen (NEXN) repurchase in July 2025?

Nexxen repurchased 880,000 Ordinary Shares at an average price of $10.41 during July 2025.

What is the remaining amount in Nexxen's share repurchase program?

Nexxen has approximately $7.2 million remaining under its current share repurchase program authorization.

How many outstanding shares does Nexxen (NEXN) have after the July 2025 buyback?

As of July 31, 2025, Nexxen had 58,061,174 Ordinary Shares outstanding, excluding treasury shares.

What is the purpose of Nexxen's share repurchase program?

Share repurchase programs typically aim to return value to shareholders and demonstrate management's confidence in the company's financial position and future prospects.