The following is a summary of the Nexxen International Ltd. (NEXN) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Nexxen reported Q1 2024 contribution ex-TAC of $69.7 million, reflecting 4% organic growth from Q1 2023.

• The company generated $11.9 million of adjusted EBITDA in Q1 2024, marking a 34% increase from Q1 2023.

• Nexxen saw programmatic revenue of $65.6 million, a Q1 record, rising 5% from Q1 2023.

• Contribution ex-TAC from display increased by 49% in Q1 2024 compared to Q1 2023.

• Earnings per share stood at $0.01 in Q1 2024 on a non-IFRS diluted basis.

• Nexus became debt-free after repaying the outstanding $100 million balance on its credit agreement in April 2024.

Business Progress:

• In 2023, Nexxen completed the integration of its largest acquisition, Amobee, enhancing its technology platform.

• The company consolidated its products and operation under one brand, Nexxen, in Q1 2024.

• Established partnerships with industry big-wigs like LG, Alphonso, Roku, and TCL to solidify its position in the CTV advertising industry.

• Launched TV Intelligence in the UK and Australia, with plans for further expansion in 2024.

• Reports suggest an ongoing conversation with several agencies regarding the licensing of VIDAA's global ACR data.

• Launched Nexxen Data Platform and planning to launch a proprietary unified identity graph solution.

• Onboarded 88 new actively spending first-time advertiser customers across various verticals in Q1 2024.

• Forecasts project programmatic revenue to account for approximately 90% of full-year 2024 revenue.

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