Welcome to our dedicated page for Nexxen International news (Ticker: NEXN), a resource for investors and traders seeking the latest updates and insights on Nexxen International stock.
Nexxen International (NEXN) provides unified advertising technology solutions across programmatic buying, advanced TV, and data-driven audience targeting. This news hub offers investors and industry stakeholders centralized access to official updates shaping the ad tech landscape.
Track Nexxen's latest press releases including earnings reports, strategic partnerships, product innovations, and market expansion initiatives. Our curated feed ensures you stay informed about developments impacting media supply chain optimization and programmatic advertising trends.
Key updates cover DSP/SSP platform enhancements, proprietary data insights from Nexxen's Discovery technology, and global operational milestones across Americas, EMEA, and APAC regions. All content is vetted for relevance to investment analysis and industry benchmarking.
Bookmark this page for real-time notifications on material events affecting Nexxen's position in converged TV and digital advertising. Combine breaking news with historical context to assess the company's evolving role in streamlining media transactions.
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.
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