Nexxen Announces May 2025 Share Repurchase Program Summary

Rhea-AI Summary

Nexxen International (NASDAQ: NEXN) has reported its share repurchase activity for May 2025, buying back 1,260,000 Ordinary Shares at an average price of $11.30 per share. The company currently has approximately $24.8 million remaining under its share repurchase authorization, with 59,483,096 Ordinary Shares outstanding as of May 31, 2025, excluding treasury shares. Nexxen operates as a global advertising technology platform specializing in data and advanced TV solutions, offering a unified technology stack that includes both demand-side (DSP) and supply-side platforms (SSP), powered by the Nexxen Data Platform. The company provides comprehensive services ranging from discovery and planning to activation, monetization, measurement, and optimization.

Positive

• Executed significant share repurchase of 1.26 million shares, demonstrating confidence in company value
• Maintains substantial buyback capacity with $24.8 million remaining in authorization
• Company offers comprehensive ad tech solutions through unified DSP and SSP platforms

Negative

• None.

NEW YORK, June 02, 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 May 2025 the Company repurchased 1,260,000 Ordinary Shares at an average price of $11.30.

As of May 31, 2025, Nexxen had 59,483,096 Ordinary Shares outstanding (excluding treasury shares) and approximately $24.8 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 many shares did Nexxen (NEXN) repurchase in May 2025?

Nexxen repurchased 1,260,000 Ordinary Shares in May 2025 at an average price of $11.30 per share.

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

Nexxen has approximately $24.8 million remaining under its current share repurchase program authorization as of May 31, 2025.

How many outstanding shares does Nexxen (NEXN) have?

As of May 31, 2025, Nexxen had 59,483,096 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 unified technology stack with demand-side and supply-side platforms centered around the Nexxen Data Platform.