Nexxen Announces New $20M Share Repurchase Program Following Current Program Completion.

Nexxen International Ltd. is seeking authorization to initiate a new $20 million Ordinary Share repurchase program, aimed at capitalizing on a discounted valuation and reflecting confidence in its long-term prospects. The company has a strong cash position and a profitable, cash-generative model, allowing for a balanced capital allocation strategy that prioritizes growth and shareholder value creation.

Nexxen International Ltd. (NASDAQ: NEXN), a global advertising technology platform, has announced plans to seek authorization for a new $20 million Ordinary Share repurchase program. The program is set to commence after the completion of the current repurchase program, which has $7.2 million remaining as of July 31, 2025.

The company's move signals a balanced capital allocation strategy, as it plans to invest $35 million in VIDAA, increasing its equity stake to approximately 6%. This investment will support VIDAA’s North American CTV expansion and enhance the long-term value of Nexxen’s exclusive data and advertising monetization rights. Additionally, Nexxen plans to invest in the expansion of its commercial and media teams and in product innovation, aiming to accelerate growth and reinforce its global market position.

The new repurchase program requires a 30-day creditor objection period and bank lender approval as per Israeli regulations. The program can be modified or suspended at any time, with repurchased shares being reclassified as dormant shares under Israeli law. Nexxen's strong cash position, supported by its profitable and cash-generative model, enables flexibility for these initiatives while still investing in growth and shareholder value creation.

The company's ability to pursue both strategies simultaneously stems from its self-described "profitable and cash-generative model," providing the financial flexibility for these initiatives while still investing in commercial teams, media teams, and product innovation. The explicit mention of future strategic acquisition opportunities, albeit smaller than the previous Amobee deal, signals a disciplined approach to inorganic growth rather than large, potentially dilutive transactions.

The required 30-day creditor objection period and need for bank lender consent introduce some execution risk, though these appear to be regulatory formalities rather than significant hurdles. The company's confidence in completing its current buyback ahead of schedule (before November 19, 2025) further underscores its financial health and commitment to capital return.

Nexxen International Ltd. is a global, flexible advertising technology platform with deep expertise in data and advanced TV. Its flexible and unified technology stack comprises a demand-side platform (DSP) and supply-side platform (SSP), with the Nexxen Data Platform at its core. With streaming in its DNA, Nexxen’s robust capabilities span discovery, planning, activation, monetization, measurement, and optimization – available individually or in combination – all designed to enable its partners to achieve their goals, no matter how far-reaching or hyper-niche they may be.

The company is headquartered in Israel and maintains offices throughout the United States, Canada, Europe, and Asia-Pacific. For more information, visit www.nexxen.com.

References:
[1] https://www.stocktitan.net/news/NEXN/nexxen-seeks-authorization-for-new-20-million-ordinary-share-uppbr5ivf76p.html