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, a global advertising technology platform, has announced a strategic data partnership with The Trade Desk. This collaboration will provide The Trade Desk's advertisers with access to exclusive automatic content recognition (ACR) data segments from Nexxen. The integration offers advanced cross-channel and cross-device targeting capabilities for more efficient media investment across the premium, open internet.
Nexxen's ACR data segments will be directly available on The Trade Desk's platform as its first self-service TV data provider in the U.K., Canada, U.S., and Australia. The data segments are categorized by genres, networks, programs, and brand-level ad exposure, offering comprehensive TV-viewing data. This partnership aims to help advertisers better understand audience TV viewership patterns and inform cross-platform investments.
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.
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