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The Trade Desk for both advertisers and publishers.

Magnite with its own demand-side platform (DSP).

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• Demand-Side Platform (DSP): A platform enabling advertisers to plan, execute, and optimize programmatic ad campaigns across various digital channels.
• Supply-Side Platform (SSP) & Ad Exchange: A platform for publishers to manage, sell, and monetize their digital ad inventory to various demand sources.
• Data and AI Solutions: Tools leveraging data and artificial intelligence to enhance audience targeting, campaign performance, and measurement for advertisers.
• Connected TV (CTV) Advertising: Specialized services and technology for delivering and monetizing video advertisements on smart TVs and streaming devices.

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Nexxen International (NEXN) operates primarily as a business-to-business (B2B) company, providing advertising technology solutions to facilitate digital advertising campaigns.

Due to the nature of its programmatic advertising platform, Nexxen serves a broad ecosystem of clients rather than a few individual "major customers" that are typically disclosed by name in financial filings. Nexxen's revenue is generated through thousands of transactions with a diverse range of companies. Therefore, specific names of individual customer companies and their symbols are not publicly disclosed as "major customers" that account for a significant percentage of revenue. Instead, Nexxen serves two primary categories of business customers:

• Advertisers and Advertising Agencies: These are companies across various industries (e.g., consumer packaged goods, automotive, technology, finance, entertainment) that seek to promote their products or services to target audiences. Nexxen's platform helps them execute video and Connected TV (CTV) advertising campaigns. This category also includes the advertising agencies that manage these campaigns on behalf of brands.
• Media Owners, Publishers, and Broadcasters: These are companies that own digital content and inventory (e.g., streaming services, mobile applications, websites) where advertisements can be displayed. Nexxen's platform helps these partners monetize their content and audience through ad placements, particularly in video and CTV environments. Examples include major television broadcasters with streaming apps, independent CTV app developers, and mobile app publishers.

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• Amazon.com, Inc. (AMZN)
• Alphabet Inc. (GOOGL)

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Ofer Druker, Chief Executive Officer / Executive Director

Ofer Druker has served as the Chief Executive Officer and as a member of the Board of Directors since April 2019, following the completion of the merger with RhythmOne, a digital advertising technology company. From November 2017 to April 2019, Mr. Druker served as the Executive Chairman of the Tremor Video division and was instrumental in its successful integration after its acquisition in August 2017. Previously, Mr. Druker was the co-founder and Chief Executive Officer of Matomy Media Group Ltd., a global media company that went public. He is a pioneer in the digital media space with over two decades of industry experience.

Sagi Niri, Chief Financial Officer

Sagi Niri has served as the Chief Financial Officer since March 2020 and as a member of the Board of Directors since June 2020. He possesses over 20 years of experience in finance and leadership roles within the technology and real estate sectors. Mr. Niri previously held positions as Chief Executive Officer of Labs and Chief Financial Officer of LabTech Investments Ltd. Additionally, he spent over nine years at Matomy, initially as Chief Operating Officer/Chief Financial Officer, and later as Chief Executive Officer.

Yaniv Carmi, Chief Operating Officer

Yaniv Carmi has served as the Chief Operating Officer since March 2020 and as a member of the Board of Directors since 2014. Prior to this, he served as the Company's Chief Financial Officer from January 2010 to March 2020. Mr. Carmi was instrumental in the Company's initial public offering on AIM in 2014 and in its subsequent global expansion, which included significant mergers and acquisitions. He is an experienced finance professional, having previously held roles such as tax and audit senior at KPMG Israel.

Amy Rothstein, Chief Legal Officer & Head of Corporate Development

Amy Rothstein is an experienced legal professional who has held legal and corporate business positions in large multinational corporations, investment management groups, and legal firms. Her expertise includes mergers and acquisitions, corporate operations, and corporate law. She holds both a JD and an LLM.

Kenneth Suh, Chief Strategy Officer

Kenneth Suh leads a diverse range of business and corporate development initiatives for Nexxen, including identifying and securing new strategic business partnership opportunities and overseeing the global exchange business. Before joining Nexxen, he served as Chief Operating Officer and Chief Strategy Officer at Unruly, a company he joined in 2014. His prior experience includes development and strategy roles at Verizon Media, Disney/ABC, and MTV networks. He is recognized as a digital video and advertising expert.

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The key risks for Nexxen International (NEXN) include:

1. Macroeconomic Conditions and Geopolitical Instability Impacting Advertising Demand: Nexxen's revenue is highly dependent on the overall demand for advertising. Economic downturns, inflation, and significant geopolitical conflicts, particularly the ongoing war and hostilities involving Israel, Hamas, Hezbollah, and Iran, can adversely affect global advertising spending and Nexxen's business, customers, and the markets in which it competes. Given the company's operational base, these factors can make future revenue difficult to predict.
2. Rapidly Evolving Advertising Technology Landscape and Data Privacy Regulations: The advertising technology (ad-tech) sector is characterized by rapid technological advancements and increasing regulatory scrutiny concerning data privacy. Industry-wide privacy changes could significantly challenge Nexxen's business model and its ability to sustain its outlook.
3. Intense Competition and the Need for Continuous Investment: Nexxen operates in a highly competitive environment within the ad-tech industry. The need for continuous, elevated investment in technology, data, and innovations like generative AI is crucial to maintain competitiveness and prevent erosion of margins and long-term profitability.

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Increased consolidation of advertising spend and direct competition from large content platforms and publishers building their own proprietary, integrated ad technology stacks.

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The future revenue growth of Nexxen International (NEXN) over the next 2-3 years is expected to be driven by several key factors:

1. Continued Growth in Connected TV (CTV) and Video Advertising: Nexxen International consistently identifies CTV and video advertising as a primary driver of growth. The company is actively investing in enhancing its CTV and video capabilities and expanding partnerships to capitalize on the expanding streaming market. In Q4 2024, CTV revenue growth significantly outpaced mobile video revenue decline, with video revenue expanding to 75% of programmatic revenue from 67% in Q4 2023. Nexxen expects video revenue to remain a primary growth driver over time.
2. AI-Powered Ad Technology and Data Platform Innovation: Nexxen is heavily investing in artificial intelligence (AI) initiatives, including its NextAI DSP assistant and Discovery AI. These tools are designed to automate campaign insights, planning, and optimization, which are expected to drive operational efficiency, higher adjusted EBITDA, and margin expansion, particularly from 2026 onwards. The Nexxen Data Platform, which forms the core of its technology stack, enables the onboarding of first-party data, audience insights, and activation across supply and demand.
3. Expansion of Strategic Partnerships and Global Reach: Strategic partnerships are crucial for Nexxen's growth, especially in the CTV sector. The expanded partnership with VIDAA (Vestel-VIDAA) is anticipated to significantly contribute to CTV growth and accelerate revenue, particularly through increased monetization of VIDAA's CTV inventory and Automatic Content Recognition (ACR) data in North America and other key international markets. Nexxen is also expanding its CTV and ACR operations in Europe.
4. Increasing Adoption of the Unified End-to-End Platform and Self-Service Solutions: Nexxen's unified and flexible end-to-end ad tech platform, which integrates a demand-side platform (DSP) and a supply-side platform (SSP), is attracting more industry partners. This comprehensive approach is leading to deeper integration and increased spending from advertisers and publishers. The company has also seen strong growth within its enterprise DSP solution, driving a 21% increase in self-service contribution ex-TAC in Q4 2024.
5. Growth in Data Licensing Revenue: Nexxen has identified data licensing as a new and highly profitable revenue stream. A partnership with The Trade Desk (TTD) for data licensing, while not expected to be materially significant in the near term, presents a substantial opportunity for the company to improve its overall margins through further licensing deals. Nexxen expects year-over-year growth in data licensing revenue in 2025.

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Share Repurchases

• Nexxen repurchased approximately $229.3 million worth of Ordinary Shares from March 2022 through June 30, 2025, amounting to over 26.5 million shares.
• The company completed a $50 million share repurchase program and initiated a new $20 million program in September 2025, which is anticipated to run until March 19, 2026, or until its completion.
• As of October 31, 2025, Nexxen had approximately $13.9 million remaining under its current share repurchase authorization.

Share Issuance

• In February 2025, Nexxen executed a 1-for-2 reverse stock split of its Ordinary Shares to facilitate a one-to-one American Depositary Receipt (ADR) exchange.
• The company streamlined its capital structure by delisting from the AIM market and transitioning to a single Nasdaq listing for its New Ordinary Shares, effective February 18, 2025.

Outbound Investments

• In September 2022, Nexxen (then Tremor International) acquired Amobee for $239 million, significantly enhancing its enterprise self-service DSP capabilities, performance media buying, and data-driven planning.
• Nexxen increased its investment in VIDAA by an additional $35 million in Q3 2025, bringing its total investment to approximately $60 million (roughly 6% of VIDAA's outstanding shares), aimed at accelerating VIDAA's North American Connected TV (CTV) expansion.

Capital Expenditures

• Explicit dollar values for capital expenditures over the last 3-5 years are not readily available in the provided information. The company has focused on AI initiatives to drive performance and revenue, and internal efficiencies to accelerate development cycles and support long-term margin expansion.