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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Nexxen International Ltd | NEXN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| -4.00 | -1.69% | 233.00 | 16:35:05 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 236.00 | 233.00 | 239.00 | 233.00 | 237.00 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
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Posted at 07/5/2024 07:33 by gadgie2 Worth a Re PostHello 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 ir@nexxen.com. |
Posted at 05/5/2024 06:54 by gadgie2 Nexxen Q1 2024 IR Newsletternexxen 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 ir@nexxen.com. 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 |
Posted at 03/5/2024 09:56 by tapa7 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) |
Posted at 02/5/2024 18:09 by brimach1 Having primed the market for a 1st of May buyback start date and assured investors/shareholdeMeanwhile, the London Stock Exchange has been hit by a dearth of listings and a string of exits in recent months. Coutts, The King’s bank, is (reportedly ) planning to pull nearly £2bn out of the London stock market in the latest hammer blow to the beleaguered exchange. Nexxen needs to do the same. We will never achieve a full valuation while we remain on AIM. |
Posted at 29/4/2024 08:57 by gadgie2 Investors will get a clearer picture of the digital ad market next week, with Pinterest reporting on Tuesday alongside Amazon which has emerged as a giant in online ads. Reddit will follow on May 7, reporting earnings for the first time since the social media company’s initial public offering in March.Magnite 8th Perion 8th TTD 8th Nexxen ? |
Posted at 24/4/2024 22:53 by tapa7 Most adtech, even perion, had an amazing day today following on from the news of another delay in cookies deprecation.Nexxen however... strange reaction, Expecting a rebound tomorrow or else investors were really hoping we were the solution to the end of third psrty data. |
Posted at 09/4/2024 18:19 by brimach1 muthadrucker. Yesterday’s rout reduced Perion’s market cap to about $600million (a reduction of about $380/390million).With Nexxen’s current share count, Nexxen would have an equivalent market cap to Perion at around $4.29 (£3.40) or $8.6 per RDS. Yesterday’s Seeking Alpha article by Alex Hendrix, put Perion’s enterprise value at just $100m. He also remarks….. While an enterprise value of just above $100 million for a solidly profitable digital advertising business with over $300 million in annual revenues (net of traffic acquisition costs) is dirt cheap, I don't see much sense in bottom fishing here as tremendous uncertainty regarding the company's path forward is likely to result in ongoing selling pressure, particularly with management's credibility having taken a major hit......While the company's valuation has reached bargain levels, material uncertainties in combination with management having provided plenty of cause for investor distrust is likely to keep the stock in the penalty box until investors get a better impression of Perion Network's path forward. For my part, I wouldn't be surprised to see Perion's board of directors making changes to senior management in the not-too-distant future. Alex Hendrix records the same thinking as me in that he says….Given the anticipated, massive reduction in Microsoft Bing-related revenues this year, it is hard to imagine the longstanding search advertising partnership with Microsoft being extended beyond the end of this year. |
Posted at 29/2/2024 09:25 by whites123 I understand your sentiments, Ragos, and can relate to being a long-time investor with experiences that, while challenging, could have been worse. Like you, I've navigated the highs and lows, currently facing a 56% loss with NEXN, though it could have been more severe. The journey has been marked by moments of enthusiasm, often spurred by well-articulated posts, only to be followed by disappointment. Reflecting on the past, there were opportunities to sell and cut losses, a decision some might advocate, but I chose to hold on, fueled by hope rather than sound investment principles.Despite the lingering doubts, I continued to invest over the years. Recently, I added more shares, even at what may have been the peak price of £2.17 yesterday. My conviction in the NEXN story persists, especially considering the puzzling and sustained share buyback program over the months. The origin of these additional shares remains unexplained, given the absence of adjustments in major shareholdings and the unlikelihood of retail investors providing such quantities. While avoiding accusations of wrongdoing, the discrepancy raises questions. However, my optimism gains substance from the Alphonso/LG deal. I believe this partnership will be the catalyst for positive change. It's not just about Ofer; my investment is anchored in the technology and the evolving commercial strategic partnership. While anticipating lackluster results that may not immediately ignite enthusiasm, my confidence lies in the future outlook. The Alphonso/LG deal, I believe, will serve as a transformative force, not only for NEXN but also for the entities involved. This conviction aligns with the interests of significant investors, reinforcing my decision to ride alongside them in the hope that substantial profits will be realized. The upcoming results might not be groundbreaking, but the promising outlook is what I believe will propel NEXN to the next level. |
Posted at 28/2/2024 10:31 by whites123 Digi, I for one acknowledge and share your frustration regarding the current situation. Personally, I have experienced a decline of over 50% in my investment over the past few years. Recently, I raised concerns about the seemingly ineffective impact of the substantial volume of share buybacks on the stock price. The collective scepticism regarding the litigation ranged from estimates of settlement values between 50 million to 250 million, with occasional expressions of doubt about the legal outcome despite the apparent strength of our case on paper.Setting aside the litigation for a moment, consider the hypothetical scenario where NEXN announces a three-year exclusive agreement with LG. Such news would likely generate euphoria among investors. While the short-term impact on the stock price today may not accurately reflect its true value, I believe that retail shareholders may not fully grasp the significance of the deal at this juncture. Institutional investors and large corporate shareholders, unlike retail investors, do not react hastily to news; their actions are strategic and carefully planned. With the regulatory hurdles now overcome and the deal finalised, it is essential to allow time for the gravity of today's news to be comprehensively understood. Notably, non-disclosure agreements (NDAs) are not typically imposed in cases involving small settlements. This further emphasizes the magnitude of the recent development and suggests that the true worth of the deal may become more apparent as understanding deepens over time. |
Posted at 28/2/2024 08:41 by whites123 Today's news holds immense potential for our company's future success. Despite lingering concerns and losses that have led some to believe our company was doomed, the recent resolution of litigation should not be underestimated. Previously, we lamented the decline in revenue and customers due to the Alfonso LG debate, but now we find ourselves in a strategic partnership with one of the largest players in our industry. This development is undeniably positive, as it positions us favorably within our sector.While the financial details of the deal seem to be shrouded in secrecy, possibly due to a non-disclosure agreement (NDA), it is plausible that the company has opted to reveal this information on the 6th of next week. Although speculative, it appears that NEXN had initially targeted a $68 million settlement, and given the magnitude of the case, the actual value of the agreement could be considerably higher. If we were entering a collaboration with LG without the shadow of litigation, we would undoubtedly be celebrating loudly. However, past setbacks have left us somewhat reserved. The sector we operate in may not be widely recognized or considered captivating, explaining the modest increase in our stock today. This lack of market enthusiasm is not a reflection of the news being underwhelming but rather a result of the sector not being on the radar of retail investors. The true value of our achievement may take a few weeks to be fully appreciated, as major stakeholders engage in discussions with Ofer to understand the implications, and retail investors gradually receive more updates. Personally, I am optimistic about the future, and I am increasing my investment. The closure of the case allows us to shift our focus to a promising new collaboration. In hindsight, it is challenging to envision a better outcome, unless one believes that a straightforward cash settlement would have been superior to what is essentially a transformative mega deal. |
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