From GlobeNewswire: 2025-03-05 07:30:00

Nexxen achieved all-time quarterly records in Q4 2024 with 16% year-over-year growth in Contribution ex-TAC, 15% growth in programmatic revenue, and 86% growth in CTV revenue. Adjusted EBITDA grew 38%, with a 42% margin. The company simplified its stock exchange structure and approved a new $50 million share repurchase program.

In Q1 2025, Nexxen streamlined to a single U.S. Ordinary Share listing. The Board of Directors approved the launch of a new $50 million Ordinary Share repurchase program. Nexxen reported strong financial results for Q4 and full-year 2024, with significant growth in programmatic revenue, CTV revenue, and Adjusted EBITDA.

Nexxen’s CEO, Ofer Druker, highlighted a transformational year in 2024, with records in Contribution ex-TAC, programmatic, and CTV revenue. The company plans to invest in technology, data, and AI in 2025, aiming to enhance DSP capabilities and increase CTV and data licensing revenue.

Nexxen simplified its trading structure with a single U.S. Ordinary Share listing on Nasdaq in Q1 2025. The company added 112 new advertiser customers in Q4 2024 and onboarded 73 new supply partners. Nexxen also launched a Deal Marketplace within its DSP to streamline campaign planning and execution.

In Q4 2024, Nexxen repurchased over 4 million Ordinary Shares, with a total investment of $20.1 million. The company launched a new $50 million share repurchase program in November 2024 and plans to start a new program in May 2025. Nexxen aims to benefit shareholders over the long term with these initiatives.



Read more at GlobeNewswire:: Nexxen Reports Fourth Quarter and Full Year 2024 Financial