Nexxen Announces June 2025 Share Repurchase Program Summary

Rhea-AI Summary

Nexxen International (NASDAQ: NEXN), a global advertising technology platform, has reported its June 2025 share repurchase activity. The company repurchased 800,000 Ordinary Shares at an average price of $10.45 per share during the month.

As of June 30, 2025, Nexxen had 58,941,174 Ordinary Shares outstanding (excluding treasury shares). The company still has approximately $16.4 million remaining under its current share repurchase program authorization.

Positive

• Ongoing share repurchase program demonstrates company's commitment to returning value to shareholders
• Substantial $16.4 million still remaining in buyback authorization
• Company maintains strong cash position to execute buyback program

Negative

• Share repurchases reduce cash available for operational growth or strategic investments

Insights

Financial Analyst

Nexxen's 800K share buyback demonstrates ongoing capital return commitment with $16.4M remaining authorization.

Nexxen's June share repurchase program reflects a strategic capital allocation decision that typically signals management's confidence in the company's intrinsic value. The company bought back 800,000 shares at an average price of $10.45, representing a total investment of approximately $8.36 million for the month. This repurchase activity reduces Nexxen's outstanding share count to 58,941,174 shares (excluding treasury shares).

The $16.4 million remaining under the current authorization provides Nexxen with continued flexibility to opportunistically acquire shares. At the current average repurchase price, this remaining authorization would allow the company to buy back approximately 1.57 million additional shares, potentially reducing the outstanding share count by another 2.7%.

Share repurchases typically benefit shareholders in several ways: they tend to increase earnings per share by reducing the number of shares outstanding, they can provide price support in volatile markets, and they often indicate management's belief that the stock is undervalued. For Nexxen, a technology platform specializing in advertising with particular strength in data and advanced TV, this capital allocation decision should be viewed in the context of the company's growth prospects and competitive position in the digital advertising ecosystem.

NEW YORK, July 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 June 2025 the Company repurchased 800,000 Ordinary Shares at an average price of $10.45.

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.

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 June 2025?

Nexxen repurchased 800,000 Ordinary Shares at an average price of $10.45 per share during June 2025.

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

Nexxen has approximately $16.4 million remaining under its current share repurchase program authorization as of June 30, 2025.

How many outstanding shares does Nexxen (NEXN) have?

As of June 30, 2025, Nexxen had 58,941,174 Ordinary Shares outstanding, excluding treasury shares.

What is Nexxen's main business focus?

Nexxen is a global advertising technology platform specializing in data and advanced TV, offering demand-side platform (DSP) and supply-side platform (SSP) solutions with the Nexxen Data Platform at its core.