Nexxen Share Discussion Threads

[tapa7] 06/5/2024 20:16

Are they saying they didn't get approval feom the lenders for a buyback?

Never heard this one before but you live and learn.

[tractorhead] 06/5/2024 10:45

As ever, sounds very compelling gadgie2. And I think I believe it. But ultimately... SHOW ME THE MONEY!

[gadgie2] 06/5/2024 09:06

Can imagine the conversations with Advertisers and Agencies ... oh it's not only Vidaa we also have Access to LG Premium Data and Samsung in fact all Major OEM's ...Would you like to place some Ad Dollars

If advertisers and agencies want to leverage VIDAA’s fast-growing scaled ACR dataset for CTV targeting and measurement, access can only be granted through Nexxen, as a result of our investment in VIDAA, which gave us (amongst other things) global ACR data exclusivity on VIDAA-powered TVs, reflecting a major advantage and differentiator for our Company.

[sk02457] 05/5/2024 20:39

I’m with you Ragos, I’ve been here since the spin off from Autonomy, I’m at the same b/e so we can only sit and wait. In the end it will probably be my grand children
that will benefit if, in fact, Ofer delivers what he has promised for so long.

[tsmith2] 05/5/2024 18:07

Why don't they buy ..

[ragos] 05/5/2024 16:55

"If our shares continue to trade at prices our Board of Directors believe are below fair value" quote.
What do they consider fair value? You can ask but they won't say
Cavendish have a target of £10. (they've range from £24 down to 10, next year maybe £2)
Everyone else has their own view.
(personally with a b/e of £6, I'll scarper before then!)

You are all welcome to state your own goal, no guarantee it will ever get there.
Mind you some people are already in the money at sub £2!

I skimmed through most of the posts having been absent a while. My only comment is blinkx,rythm,trmr and nexxen whatever you call the HAVE always been the last of their group to publish their results and only rns the date no more than a week before. It is likely to be second half of May.

R

[tsmith2] 05/5/2024 11:59

if this (headwinds becoming tailwinds)These factors, combined with our accomplishments in Q1, and our belief that macro headwinds which plagued our customers and business in 2022 and 2023 are showing signs of reversing to become tailwinds, put us in a strong position to grow our market share by attracting new customers and increasing spending levels and product adoption with existing customers. pans out indeed to be the case could really motor from here

[holgerbb] 05/5/2024 08:12

That reads well. Thanks for being so on the ball 🥎

[gadgie2] 05/5/2024 08:09

Q1 Update was posted on Fri so one can only Assume BuyBack is in Place and starts early May ?

[gadgie2] 05/5/2024 07:02

Great Update and no doubt 2024 outlook looking really good when they announce Q1 figs



If advertisers and agencies want to leverage VIDAA’s fast-growing scaled ACR dataset for CTV targeting and measurement, access can only be granted through Nexxen, as a result of our investment in VIDAA, which gave us (amongst other things) global ACR data exclusivity on VIDAA-powered TVs, reflecting a major advantage and differentiator for our Company.

[gadgie2] 05/5/2024 06:54

Nexxen Q1 2024 IR Newsletter

nexxen logo
Hello Everyone,

We are pleased to share the Q1 2024 edition of the Nexxen IR Newsletter.

We stayed busy in Q1, boosting our industry, customer and investor awareness through the now completed rebrand to Nexxen. We also continued to enhance and expand our partnerships, capabilities, offerings and data footprint, strongly positioning Nexxen to grow its market share and solidify a leadership spot in the video and TV ad tech space.

In January, we officially changed our name from Tremor International to Nexxen. In connection with the new name, we changed our tickers in both the U.S. and U.K. markets from “TRMR” to “NEXN” and updated our brand assets, presentation materials and corporate / investor relations websites. We also celebrated our rebranding by participating in Nasdaq’s Closing Bell Ceremony on February 28th, alongside our employees, clients and partners.

In February, we strengthened our strategic partnership with TCL FFALCON (“TCL”), to include exclusively selling TCL’s native display inventory as a preferred supply partner. By expanding our offering beyond access to CTV and OTT supply in the TCL channel, Nexxen now offers customers broader reach across a significant and growing number of TV screens with flexibility across formats to enhance overall advertising outcomes.

After entering into a favorable settlement agreement and multi-year strategic partnership with Alphonso and LG Electronics Inc. (“LG”) in February, we can confidently say that we have strong relationships with all the world’s major CTV OEMs, reflecting an incredibly powerful value proposition for our customers within the TV advertising ecosystem. The settlement included a cash component, and through the strategic partnership, we gained important access that allows us to monetize some of LG’s premium CTV inventory. Alphonso will also leverage Nexxen’s data-driven discovery and segmentation tools to enhance advertiser and partner engagement on LG’s media properties. This is an exciting partnership for Nexxen that may lead to future opportunities and reflects a new multi-year Contribution ex-TAC stream that didn’t previously exist, making us confident we can generate increased growth in 2024 (and beyond).

Our TV Intelligence offering also significantly improved during Q1 through a new exclusive partnership with PeerLogix, which enables Nexxen and its customers to gain access to scaled premium on-the-go-streaming data from platforms like Netflix, Hulu and Disney+ on mobile devices and tablets. As viewing preferences continue to evolve, consumers are increasingly seeking flexibility to stream across several devices. Against this backdrop, we believe this partnership, in connection with our other TV and streaming data partnerships, positions us strongly to provide a holistic view of the streaming ecosystem. Additionally, it improves our customers’ ability to target audiences regardless of where they stream, enabling expanded reach, and enhancing their efficiency, effectiveness and returns. As a reminder, our TV Intelligence solution is an expansive dataset that includes access to set-top box, traditional television, automatic content recognition (“ACR”), on-the-go streaming and cross-screen panel data that currently provides insights into TV and streaming viewership data across roughly 50 million households in the U.S. alone. This solution further differentiates our platform, providing our advertiser and agency customers access to critical scaled data necessary to optimize streaming and TV planning, targeting and measurement.

Because of the fast-growing reach and scale of VIDAA (the primary CTV operating system and streaming platform for Hisense smart TVs) and its parent company Hisense, we were recently able to more widely expand our TV Intelligence offering internationally. In Q4 2023 we announced the initial launch of our TV Intelligence offering in the U.K., which generated additional momentum in Q1 2024. We expect to launch our TV Intelligence offering in other major international markets later in 2024 while also seeking to further expand customer adoption in the U.S. and U.K. In 2023, Hisense was the fastest-growing smart TV brand globally and the second largest in terms of overall global distribution, significantly expanding the reach of VIDAA. At the end of 2023, VIDAA’s reach crossed over 25 million CTVs globally and has already surpassed over 27 million to this point in 2024. VIDAA recently indicated it expects to expand its global reach to over 30 million CTVs by the summer of 2024. If advertisers and agencies want to leverage VIDAA’s fast-growing scaled ACR dataset for CTV targeting and measurement, access can only be granted through Nexxen, as a result of our investment in VIDAA, which gave us (amongst other things) global ACR data exclusivity on VIDAA-powered TVs, reflecting a major advantage and differentiator for our Company. We continue to expect our global ACR data exclusivity with VIDAA will result in strong ongoing monetization opportunities for Nexxen both through attracting advertisers and agencies to our platform via our TV Intelligence solution and potential data licensing agreements.

After launching a new $20 million Ordinary share repurchase program in late Q4 2023, on March 15th we announced that we’re seeking authorization to launch an additional $50 million Ordinary share repurchase program, which would begin in early May (assuming the receipt of consent from our bank lenders and no objections during the mandatory creditor objection period). For perspective, assuming we receive approval to launch the new $50 million program, by November 2024 we will be on track to have invested ~$165 million in share repurchase programs since March 1, 2022. If our shares continue to trade at prices our Board of Directors believe are below fair value and if the Company remains cash generative (as is currently anticipated), we will consider launching additional share buyback programs in the future. Based on its faith in the Company’s long-term growth prospects, it is the Board's opinion that buying shares at (or around) these valuation levels can generate significant long-term value for the Company and its shareholders.

Following a difficult (but necessary and transformative) year in 2023 in which we laid a strong foundation to build upon, we exited Q1 2024 with the most optimism we’ve had in our growth prospects for some time. For multiple reasons, we believe that Nexxen is in a much better strategic position this year than last year: We completed our rebrand; completed the integration of Amobee (allowing more focus and resources to be dedicated to sales and innovation as opposed to integration); enhanced our sales and marketing teams; and substantially improved our tech platform, arming it with advanced self-service DSP and TV planning capabilities, robust, unique and exclusive data and timely new in-demand products like Nexxen Discovery. These factors, combined with our accomplishments in Q1, and our belief that macro headwinds which plagued our customers and business in 2022 and 2023 are showing signs of reversing to become tailwinds, put us in a strong position to grow our market share by attracting new customers and increasing spending levels and product adoption with existing customers.

We’ve created a strong foundation for growth and success in 2024 and onwards, and we’re excited to continue working hard to benefit our customers and shareholders.

As always, we want to thank our investors, customers and employees for their continuous support, and we hope you find this newsletter helpful. If you have any questions or feedback, or if you’re interested in connecting with the investor relations team or Company management, please reach out to [e-mail].

Please also feel free to sign up for email alerts regarding important news, filings or upcoming events on the bottom of our investor relations website homepage at

Thank you!

Nexxen Investor Relations

[tapa7] 03/5/2024 14:08

US RATE FUTURES NOW PRICE IN TWO CUTS OF 25 BPS IN 2024 VS ONE BEFORE JOBS DATA

Not a bad thing at all, stocks are going crazy.
Russell 2%

Let's see if the ADR pops up.

[gadgie2] 03/5/2024 14:08

all our peers report next week 8th

[gadgie2] 03/5/2024 14:06

need to get a shift on should have purchased 510,000 by close of play in order to complete by Nov 1st

[tapa7] 03/5/2024 14:00

The LSE delisting this year coinciding with the rates cut would give us a HUGE boost... but that needs a visionary management.

[tapa7] 03/5/2024 13:58

MidasX

US FED FUNDS FUTURES RAISE CHANCES OF RATE CUT IN SEPTEMBER TO 78% AFTER JOBS DATA VS 63% JUST BEFORE

[midasx] 03/5/2024 13:39

Maybe Cavendish were waiting for non-farm payrolls that have just landed and could not have been better for stocks?

Lack of communication from the board is poor!

[tractorhead] 03/5/2024 10:49

Bit strange that nobody seems to be buying or selling these shares. Just sitting. Waiting. Off the radar? People needing proof of the numbers?

If there are no Sellers (tighly held now) then the price should gradually rise.

If there are no Buyers then the price should gradually go down.

But seems that just nothing is happening. Treading water.

As I say, seems strange to me.

[brimach1] 03/5/2024 10:36

Look, I can see share price appreciation from execution and performance but the assumption that there is some sort of behind the curtain negotiation going on right now that could result in an immediate buyout at £5/6/7/8 just doesn't sit well with me.

[tapa7] 03/5/2024 09:56

It's true Brimach1, serious investors don't buy into businesses that have sales declines and shrinking profits + poor capital allocation - can you think of a company that ticks all them boxes?

IMO there's still 2 clear paths for the share price to appreciate in value:

1. We deliver better than expected results (the street is expecting us to have a flat Y/Y Q1, we can beat expectations as we did in Q4)

2. The risk free rate will go down and multiples will go up (unfortunately the FED keeps on pushing back QE and we may have to wait for December but it will happen)

[tsmith2] 03/5/2024 09:37

yes, management credibility is a big issue here. some delivery and candidness and whoosh

[muthadrucker] 03/5/2024 09:29

Justifiable lack of trust in management. Nobody will believe it till we see the numbers. Management know what they are and so will any suitors

[brimach1] 03/5/2024 09:21

A easy fortune to be made here overnight then. How come nobody else can see this?

[muthadrucker] 03/5/2024 08:58

The share price is meaningless if the Q1 and full year performance is in line with guidance. A sensible current valuation should be £5+ growing to £7/8 over the course of the year. That would be the starting point for a takeover negotiation regardless of the current SP

[brimach1] 03/5/2024 08:26

Serious discussions? With the share price at just £2.25 there is no rabbit in the hat.