Nexxen International Stock Price, News & Analysis

Nexxen International (NASDAQ: NEXN) has scheduled the release of its Q4 and full-year 2024 financial results for March 5, 2025, before U.S. market opening. The company will host a webcast and conference call at 6:00 AM PT / 9:00 AM ET / 2:00 PM GMT on the same day to discuss results and outlook.

Nexxen operates as a global advertising technology platform specializing in data and advanced TV solutions. The company's unified technology stack includes a demand-side platform (DSP), supply-side platform (SSP), and the Nexxen Data Platform, offering capabilities in streaming media, planning, activation, monetization, measurement, and optimization.

Nexxen International (NASDAQ: NEXN) has completed its stock exchange and trading structure changes, consolidating to a sole U.S. Ordinary Share listing on Nasdaq. The company executed a 2:1 reverse split of Ordinary Shares on February 14, 2025, exchanged Nasdaq-listed ADRs for New Ordinary Shares, and terminated its ADR facility. On February 17, 2025, Nexxen's AIM-listed Depository Interests were delisted, and the New Ordinary Shares began trading on Nasdaq under 'NEXN' on February 18, 2025.

The company's $50 million share repurchase program will continue on Nasdaq until May 19, 2025, or completion. These changes aim to attract U.S. investors, increase trading volume, enable better peer comparison, improve financial data platform screening, and make shares eligible for select indices.

Nexxen announced significant growth in its live sports advertising offerings and key partnerships with major publishers. The company reported a 315% increase in spend on live sports packages from StackAdapt campaigns in 2024. Through partnerships with premium publishers including FOX Sports, FuboTV, DirecTV and FanDuel Sports Network, Nexxen is enhancing its ability to connect advertisers with engaged audiences across linear and streaming channels.

FanDuel Sports Network, which considers Nexxen SSP as a preferred supply-side platform, has experienced increased revenue through Nexxen's platform. The company's strategy focuses on addressing fragmented live sports viewing while helping publishers and broadcasters monetize their inventory more effectively.

Nexxen has launched Nexxen U, a pioneering global education program focused on linear, Connected TV (CTV), and digital convergence. The program features courses taught by industry experts from KINESSO, LG Ad Solutions, Tinuiti, Philo, and H/L, alongside an Honors Council of rising industry leaders.

A recent survey by Nexxen revealed significant knowledge gaps in the industry: 56% of buyers reported little-to-no knowledge of programmatic linear components, and only 37% feel very comfortable creating comprehensive programmatic media plans. Furthermore, 48% of professionals can only dedicate one hour or less weekly to learning.

The curriculum aims to enable students to build cross-channel media plans addressing identity, media waste, and measurement challenges, while providing intermediate-level industry understanding. The program includes exclusive research reports, playbooks, SME interviews, and webinars to support comprehensive learning in converged media.

Nexxen (NEXN) has appointed Carine Spitz as Vice President of Sales and Client Services for the West Coast. With over 20 years of industry experience, Spitz brings expertise in online video and a solutions-oriented approach to the company. Her extensive connections with entertainment, media, technology, telecommunications, automotive, and QSR brands, along with relationships with major holding companies and streaming platforms, are expected to bring valuable new partnerships.

Previously working with companies like Spotter, Roku, Paramount+, and GroupM, Spitz will focus on driving Nexxen's growth in digital and multi-platform environments across the West Coast. She will be based in the company's Los Angeles office and will work with Nexxen's data-centric offerings, including Nexxen Discovery, a tool designed for audience engagement.

Nexxen and MAGNA released a report titled 'The Intersection of Audience Data + Creative Optimization: How to Drive Action on Streaming TV' exploring how audience data can enhance ad relevance and drive action. The study revealed that 64% of viewers feel Connected TV (CTV) ads are not relevant to them. Key findings show that optimized ads achieved a 78% lift in search intent among new prospects and a 65% lift in purchase intent among existing customers.

The research highlighted two main insights: audience data can be used for both reach and creative development, and optimization can be achieved through simple post-production adjustments like adding branded overlays, QR codes, or smart speaker integrations, without completely revamping ads.

Nexxen International (AIM/NASDAQ: NEXN) has announced two presentations to discuss proposed stock exchange and trading structure changes that shareholders will vote on at the December 20, 2024 AGM. The key changes include:

• Converting Nasdaq-listed ADRs to Nasdaq-listed Ordinary Shares
• Terminating the ADR facility
• Implementing a two-for-one reverse stock split
• Delisting from AIM to trade exclusively on Nasdaq

The company will host presentations for U.S. investors on December 12, 2024 (9:00 AM ET) and U.K. investors on December 16, 2024 (2:00 PM GMT). Both presentations will include Q&A sessions and will be accessible through the company's investor relations website.

Nexxen (NEXN) reported strong Q3 2024 financial results with record Q3 Contribution ex-TAC of $85.5 million, up 12% year-over-year. The company achieved significant growth in CTV revenue, which increased 52% to $29.7 million. Adjusted EBITDA grew 49% to $31.6 million, with margin expansion to 37% from 28% in Q3 2023. The company reaffirmed its full-year 2024 Contribution ex-TAC guidance of $340-345 million and raised Adjusted EBITDA guidance to approximately $107 million. Nexxen maintains a strong financial position with $166.5 million in net cash and a $90 million undrawn credit facility.

Nexxen International (AIM/NASDAQ: NEXN) announces its participation in the RBC Global Technology, Internet, Media and Telecommunications Conference on November 19, 2024, in New York. CEO Ofer Druker will lead a fireside chat at 1:20 PM ET, which will be available via live webcast.

The event will be accessible through Nexxen's investor relations website under 'Events and Presentations' and will remain available for replay for approximately one year. Nexxen, headquartered in Israel, operates as a flexible advertising technology platform specializing in data and advanced TV, offering unified technology stack including DSP and SSP platforms with the Nexxen Data Platform at its core.