On April 1 2026, Nexxen International Ltd. completed its $20 million share repurchase program, buying back 224,229 shares at an average price of $7.10 per share and reducing the number of shares outstanding to 56,876,930 as of March 31 2026.
The repurchase is part of a broader capital‑allocation strategy that has seen Nexxen complete a $50 million program in the past and launch a new $50 million program in April 2025. The company had also begun a $20 million program that was scheduled to run through March 19 2026, and it has now authorized a new $40 million program to be executed in the future.
Nexxen’s management cites a strong balance sheet—significant cash reserves and no long‑term debt—as the foundation for returning capital to shareholders. The buyback is intended to support shareholder value while preserving financial flexibility for continued investment in growth areas such as AI, programmatic Smart TV solutions, and data‑platform initiatives.
By reducing the share count, the repurchase improves earnings‑per‑share metrics and signals management’s confidence that the company’s intrinsic value exceeds the current market price, which trades below the $7.10 repurchase price.
The new $40 million program demonstrates Nexxen’s ongoing commitment to shareholder returns. While the exact timing of the next tranche is not yet specified, the authorization indicates that the company will continue to deploy capital in a disciplined manner as it pursues its strategic priorities.
Nexxen’s CEO, Ofer Druker, has highlighted the company’s momentum in recent quarters, noting record results driven by CTV and significant adjusted EBITDA growth. He also emphasized that the company will continue to shift resources toward its DSP and data platform while increasing investment in nexAI, underscoring the alignment between capital returns and long‑term growth initiatives.
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