Nexxen plans new $20 million share repurchase program

NEW YORK - Nexxen International Ltd. (NASDAQ:NEXN), currently trading below its InvestingPro Fair Value, announced Friday it is seeking authorization for a new $20 million Ordinary Share repurchase program to commence after completing its current program. The company has demonstrated strong shareholder focus, with the stock delivering an impressive 51% return over the past year.

The ad tech platform company said the new program would begin once it completes its existing repurchase authorization, which had approximately $7.2 million remaining as of July 31, 2025, and is expected to be completed before its scheduled end date of November 19, 2025. According to InvestingPro data, Nexxen maintains impressive gross profit margins of 85% and holds more cash than debt on its balance sheet, supporting its buyback strategy.

As an Israeli company, Nexxen must comply with regulations requiring a 30-day creditor objection period before the new program can become effective. The program’s commencement also depends on receiving consent from the company’s bank lenders.

The proposed repurchase program would not require Nexxen to buy back a specific number of shares and could be suspended or modified at any time. Any repurchased shares would be reclassified as dormant shares under Israeli law.

In parallel with the proposed share repurchase, Nexxen plans to invest an additional $35 million in VIDAA, increasing its equity stake to approximately 6%. The company also intends to continue investing in its commercial and media teams and product innovation.

Nexxen, which operates a flexible advertising technology platform specializing in data and advanced TV, stated it is exploring targeted strategic opportunities to expand its data assets, enhance AI capabilities, and accelerate growth across its core business lines.

The company said its current cash position, supported by its profitable business model, enables it to execute a balanced capital allocation strategy.

This announcement was made in a press release statement from the company.

In other recent news, Nexxen International Ltd. reported second-quarter revenue that exceeded analyst expectations, driven primarily by increased data and technology licensing revenue. The company posted revenue of $90.95 million, surpassing the consensus estimate of $87.32 million, marking a 3% increase compared to the previous year. However, earnings per share were $0.14, which did not meet analysts’ expectations of $0.19. Nexxen achieved record programmatic revenue of $85 million, representing an 8% increase year-over-year. Programmatic revenue now makes up 93% of Nexxen’s total revenue, up from 89% in the same period last year. These developments highlight the company’s strong performance in data licensing and technology sectors. The recent financial results have drawn attention from investors and analysts alike.

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