Welcome to our dedicated page for Nexxen International Ltd. American Depository Shares news (Ticker: NEXN), a resource for investors and traders seeking the latest updates and insights on Nexxen International Ltd. American Depository Shares stock.
Nexxen International Ltd. (American Depository Shares, symbol: NEXN) is a leading global technology company that empowers advertisers, agencies, publishers, and broadcasters with advanced video and connected TV solutions. Utilizing its comprehensive technology stack, Nexxen offers a unified platform that integrates a Demand-Side Platform (DSP), Supply-Side Platform (SSP), ad server, and Data Management Platform (DMP). Central to its services is an extensive and exclusive data set that enhances targeting and effectiveness across digital advertising campaigns.
Nexxen’s core business is focused on delivering scalable and data-driven advertising solutions. Recent achievements include the enhancement of their technology stack, providing brands and advertisers with aggregated and scaled viewership insights. This advancement allows for more precise audience targeting and improved campaign performance.
In terms of current projects, Nexxen has entered into a significant partnership with Alphonso, which will integrate Nexxen’s data-driven tools and grant Nexxen access to LG Electronics’ premium streaming inventory. This collaboration is set to expand Nexxen’s reach and capabilities within the connected TV market.
Financially, Nexxen has shown a strong presence with the completion of a $20 million share repurchase program, demonstrating confidence in its market position and financial health. The company has also provided detailed financial guidance and holds regular conference calls and webcasts to keep investors informed, with the latest one scheduled for May 20, 2024.
Nexxen's expertise and comprehensive services make it a pivotal player in the digital advertising ecosystem, continually innovating to meet the demands of a dynamic market.
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.
Nexxen International (AIM/NASDAQ: NEXN) has scheduled the release of its third quarter 2024 financial results for November 15, 2024, 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 to discuss results and outlook. The event will be accessible via webcast from Nexxen's Investor Relations website, with dial-in options available for U.S./Canada, U.K., and international participants.
Nexxen has launched Deal Marketplace, a new feature within its demand-side platform, Nexxen DSP. The marketplace provides a centralized interface for advertisers to discover, visualize, and activate preferred deals across connected TV, online video, and display advertising. The platform offers access to premium supply inventory with advanced audience-targeting capabilities, including TV Audiences segments, content-level targeting, and CTV high-attention options. Deal Marketplace incorporates contextually curated private marketplace deals and aims to improve efficiency in campaign planning and execution through data-backed decision making.
Nexxen, a global advertising technology platform, has been named a preferred platform for Kinective Media, United Airlines' new traveler media network. This partnership extends United Airlines' first-party data from customers and MileagePlus loyalty program members to advertisers using Nexxen's DSP or SSP for activation across premium offsite CTV, linear, and digital content.
The collaboration allows brands to reach travelers with tailored, real-time messages, enhancing connection and loyalty. Nexxen's first-party data onboarding solution in the Nexxen Data Platform enables brands like United Airlines to open new revenue streams by enhancing media networks' offsite solutions.
Early results show that Kinective Media helped brands reach 64% more luxury travelers than those available through other third-party travel data partners. The partnership is already yielding positive results for Nexxen's advertiser clients, including retail and lifestyle brands.
Nexxen, a global advertising technology platform, has released 'The Pivotal Electorate' report, offering insights into Hispanic/Latine voters ahead of the 2024 U.S. election. Using its proprietary Discovery platform, Nexxen analyzed online content engagement of this influential voter bloc in swing states and across the U.S.
Key findings include:
- Arizona Hispanic/Latine voters prioritize gun control, immigration, and reproductive rights
- Nevada voters focus on COVID-19 cases and price-gouging
- Content consumption varies by generation: Boomers+ prefer in-depth analysis, Millennials favor simplicity, and Gen Z is drawn to sensationalism
- Sports content appeals to the 25+ demographic, while younger generations engage with fandom and fantasy sites
The report aims to help advertisers and campaigns better understand and connect with Hispanic/Latine voters through more personalized messaging.
Nexxen International (NEXN) reported strong Q2 2024 financial results, with record Contribution ex-TAC of $83.1 million, up 4% year-over-year. The company achieved 27% year-over-year Adjusted EBITDA growth to $26.8 million, expanding Adjusted EBITDA Margin to 32% from 26% in Q2 2023. Nexxen also reported record Q2 programmatic revenue of $78.6 million and CTV revenue of $28.2 million, up 3% and 14% year-over-year, respectively.
The company reaffirmed its full-year 2024 guidance, expecting Contribution ex-TAC between $340-$345 million and Adjusted EBITDA of approximately $100 million. Nexxen launched a new $50 million Ordinary Share repurchase program and fully repaid its outstanding $100 million long-term debt in Q2 2024. The company also introduced the Nexxen Data Platform, enhancing its data licensing and commerce media opportunities.
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