Nexxen International Ltd. Stock Price, News & Analysis

Tremor International Ltd. (AIM/NASDAQ: TRMR) will announce its financial results for the second quarter and six months ending June 30, 2022, on August 16, 2022, before the U.S. market opens. The company provides an end-to-end technology platform for Video, Data, and Connected TV advertising. A webcast and conference call will be held the same day at 9:00 AM ET to discuss these results. Tremor is headquartered in Israel and operates globally, positioning itself as a leader in the video advertising ecosystem.

Tremor International Ltd. (TRMR) has announced its definitive agreement to acquire Amobee for approximately $239 million, enhancing its presence in the Connected TV (CTV) and video advertising market. The transaction is expected to close in Q3 2022, subject to regulatory approvals. Amobee generated about $150 million in contribution ex-TAC for the year ending June 30, 2022. The acquisition will expand Tremor's technology offerings, customer base, and operational capabilities while driving accretive financial growth within the first year.

Tremor International Ltd. (TRMR) announced a strategic $25 million investment in VIDAA, a smart TV operating system by Hisense. This move aims to enhance VIDAA's distribution across key markets including the US, UK, and Germany, and is expected to close in Q3 2022. The partnership grants exclusivity in several regions to Tremor’s ad servers and expands their agreement to share VIDAA's automatic content recognition data for improved advertising targeting. This investment aligns with Tremor's goal to leverage VIDAA's premium content in the growing Connected TV ecosystem.

Tremor International reported a record Q1 2022 with adjusted EBITDA of $33.6 million and a margin of 47% on a contribution ex-TAC basis, up 22% from last year. Organic growth reached 13%, with total contribution ex-TAC hitting $71.0 million. CTV spend surged 21% to $46.2 million, highlighting robust demand despite macroeconomic challenges. The company maintains a healthy balance sheet with $370.8 million in net cash and initiated a $75 million share repurchase program. Looking ahead, Tremor is optimistic about industry catalysts, including the FIFA World Cup and U.S. elections.

Comscore reported Q1 2022 revenue of $94.0 million, a 4% increase from Q1 2021. The company achieved a net loss of $9.3 million, significantly down from $36.4 million in the previous year. Adjusted EBITDA rose 22% to $6.8 million. Growth was driven by double-digit revenue increases in TV measurement and a 20% rise in activation services. Comscore continues to establish itself as a key player in cross-platform media measurement, securing new contracts with major companies like Warner Bros. Discovery and Paramount Global.

Tremor International Ltd. (TRMR) will release its Q1 financial results for the period ended March 31, 2022, on May 17, 2022, before the U.S. market opens. The company, a leader in Video, Data, and CTV advertising, will host a conference call at 9:00 AM ET to discuss the results. Tremor specializes in an end-to-end advertising platform, enhancing campaign optimization for advertisers and yield maximization for media partners. The webcast can be accessed via the provided link, with participant dial-in numbers listed for various regions.

Tremor International (TRMR) has expanded its partnership with Fyllo to enhance programmatic video and Connected TV advertising by targeting premium cannabis and CBD consumers. This collaboration integrates Tremor's extensive TV viewership data with Fyllo's offline-sourced consumer data, creating unique audience segments. Representing over 64 million Americans, cannabis consumers are seen as a lucrative target for brands. Tremor aims to leverage this data to provide advertisers with precise targeting opportunities, thereby driving performance in the video and CTV sectors.

Tremor International has partnered with Comscore to enhance its advertising capabilities through privacy-friendly, cookie-free audience targeting. The agreement allows Tremor Video and Unruly platform users to access Comscore’s Predictive Audiences, which use contextual signals for targeting across desktop, mobile, and Connected TV. This partnership aims to improve campaign performance and comply with emerging privacy regulations by providing access to over 1,000 audience segments. The use of advanced technology will support advertisers in reaching detailed audience profiles effectively.

Tremor International Ltd. (TRMR) reported record financial results for Q4 and FY 2021, with a contribution ex-TAC of $88.6 million for Q4, up 20%, and $302 million for the year, up 64%. Adjusted EBITDA reached $54 million for Q4, a 38% increase, and $161.2 million for FY 2021, up 166%. The company has initiated a $75 million share repurchase program, funded through its cash reserves of $367.7 million. Tremor also highlighted strong CTV and video performance, with CTV spend growing by 47% in Q4 and 108% for the year. The outlook remains positive amid anticipated growth in the digital advertising sector.