Nexxen International Stock Price, News & Analysis

Nexxen International (AIM/NASDAQ: NEXN), a global advertising technology platform, will release its Q2 2024 financial results on August 22, 2024, before the U.S. market opens. The company will host a webcast and conference call at 6:00 AM PT / 9:00 AM ET / 2:00 PM BST to discuss the results and outlook.

Investors can access the live and archived webcast from the Events and Presentations section of Nexxen's Investor Relations website. Conference call dial-in numbers are provided for U.S./Canada, U.K., and international participants. Nexxen, headquartered in Israel with global offices, offers a unified technology stack including a DSP, SSP, and data platform, focusing on advanced TV and data-driven advertising solutions.

Nexxen has partnered with Vevo, the world's leading music video network, to expand Vevo's programmatic advertising footprint. This collaboration enables Nexxen SSP to provide advertisers with access to Vevo's premium inventory, particularly on Connected TV (CTV). Vevo's vast library of 900,000+ music videos, available across various platforms, generates approximately 25 billion views worldwide each month.

The partnership allows Vevo to leverage its inventory more effectively by driving additional demand through direct relationships, offering comprehensive deal capabilities, and providing self-service tools. Nexxen's advanced technology and unique data enhance audience targeting, boosting Vevo's programmatic monetization efforts. This collaboration not only elevates the value of Vevo's inventory but also expands Nexxen's audience reach and enhances the scale of its quality owned and operated content.

Nexxen, a global unified advertising technology platform, has launched key tools for political advertisers. These tools provide advanced controls and unique audience data to drive campaign success. Nexxen's end-to-end technology stack includes a fully integrated demand-side platform (DSP) and supply-side platform (SSP), enhancing performance and maximizing political audience reach.

The company introduced five new offerings for 2024, including Political District Targeting, Campaign End Times, a Political Dashboard powered by Nexxen Discovery, a partnership with Proximic by Comscore for TV Political Audiences, and being selected as News Corp's preferred SSP for political PMP deals. These innovations aim to provide advertisers with more granular targeting, efficient spend optimization, and access to real-time voter data.

Nexxen International, a global advertising technology firm, announced its participation in the Stifel Cross Sector Insight Conference in Boston, MA, on June 4, 2024. The company will engage in a fireside chat, presented by CFO Sagi Niri, at 3:00 PM ET, available via live webcast and replay on their investor relations website. The event offers a platform for investor meetings and showcases Nexxen's capabilities in video and Connected TV (CTV) through its comprehensive technology stack, comprising of DSP, SSP, ad server, and DMP. Nexxen is listed on both AIM and NASDAQ under the ticker NEXN.

Nexxen reported its financial results for Q1 2024, showing a modest increase in revenue to $74.4 million and a record programmatic revenue of $65.6 million. The company highlighted a 34% year-over-year growth in Adjusted EBITDA to $11.9 million and generated $37.7 million in net cash from operating activities. However, CTV revenue declined by 11% to $18.8 million.

Nexxen completed a $20 million share repurchase program and launched an additional $50 million program. The company also repaid $100 million in long-term debt, strengthening its balance sheet. The firm reaffirmed its 2024 guidance, projecting $340-$345 million in Contribution ex-TAC and $100 million in Adjusted EBITDA for the full year.

Operationally, Nexxen expanded its CTV partnerships and launched the Nexxen Data Platform. The company added new customers and partnerships, including a strategic deal with Alphonso Inc. and LG Electronics. Despite cautious spending from smaller agencies, Nexxen expects improved advertising demand in H2 2024.

Stagwell (NASDAQ: STGW) and Nexxen (AIM / NASDAQ: NEXN) have announced a partnership aimed at enhancing audience discovery for marketers through the Stagwell Marketing Cloud. This partnership integrates Nexxen's Data Platform, which leverages a unified identity graph to manage and enrich data for better audience targeting. The collaboration aims to help advertisers navigate changes in privacy, like cookie deprecation, and improve engagement by offering advanced data solutions. Nexxen's platform will allow brands to utilize a variety of data types to optimize audience insights and media spend efficiently.

Nexxen International (NEXN) will announce its first quarter 2024 financial results on May 20, 2024, before the U.S. market opens. The Company will host a webcast and conference call to discuss the results and outlook. Nexxen is a global advertising technology platform specializing in video and Connected TV, offering a comprehensive technology stack for advertisers, agencies, publishers, and broadcasters worldwide.