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 Ltd. (NASDAQ: NEXN) generates news as a global advertising technology platform with deep expertise in data and advanced TV. Company announcements highlight how Nexxen’s unified stack – built around the Nexxen Data Platform and spanning a demand-side platform (DSP) and supply-side platform (SSP) – is applied to new solutions, research and capital allocation decisions.
Readers of this news page can follow updates on Nexxen’s sector-specific offerings, such as Nexxen Health and Nexxen Sports. News has covered the introduction of measurement and optimization capabilities into Nexxen Health, including features like Auto Allocate in Nexxen DSP powered by healthcare analytics provider PurpleLab, aimed at health and pharmaceutical advertisers. Separate releases have detailed the launch of Nexxen Sports, a suite that combines premium live sports content with data-driven audience insights and dynamic creative to connect brands with engaged sports fans across devices.
Nexxen also publishes research-driven content, including forecasts around major events like the FIFA World Cup. These reports draw on proprietary tools such as Nexxen Discovery to analyze where and how audiences watch, and how viewing may shift between streaming and linear platforms. Such insights are positioned to help advertisers plan and activate campaigns through Nexxen’s platform.
Additional news items address corporate governance, including board transitions, and capital management actions such as share repurchase program summaries and new repurchase authorizations. Investors and industry participants can use this page to review Nexxen’s latest disclosures on its technology developments, research, governance and shareholder-focused programs. For ongoing context on how Nexxen applies data and advanced TV capabilities across markets and verticals, this feed provides a centralized view of the company’s public announcements.
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.
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