UK's Nexxen International rises on reaffirming FY guidance, $50 mln buyback

Nexxen International

20/05/2024 10:16

** Shares of advertising solutions provider Nexxen
International  NEXN.L  up 4.7% at 236p
    ** Reaffirms FY guidance and expects advertising demand to
increase throughout the remainder of the year, around 2024 U.S.
election cycle
    ** Launched a new $50 mln ordinary share repurchase program
    ** Reported Q1 total revenue $74.4 mln, up 4% from prior
year
    ** NEXN shares rose ~15% YTD


 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))