Nexxen International shares surge 11.53% after-hours as company announces $40 million share repurchase program.

Nexxen International surged 11.53% in after-hours trading following its announcement of a share repurchase program, which included repurchasing 496,981 shares in February 2026 at $6.02 and authorizing a new $40 million buyback initiative. The move reflects management’s confidence in the stock’s value and aims to enhance earnings per share by reducing share count, while reclassifying repurchased shares as dormant under Israeli law. These actions signal disciplined capital management and a commitment to shareholder returns, directly boosting investor sentiment in the competitive advertising technology sector. The timing aligns with recent buybacks in January 2026 and Q4 2025, reinforcing a consistent strategy to optimize capital structure amid mixed Q4 earnings results.