TTTPF - Nexxen International Ltd. (NEXN) Q4 2023 Earnings Call Transcript

2024-03-06 15:05:28 ET

Nexxen International Ltd. (NEXN)

Q4 2023 Earnings Conference Call

March 06, 2024 09:00 AM ET

Company Participants

Billy Eckert - Vice President, Investor Relations

Karim Rayes - Chief Product Officer

Ofer Druker - Chief Executive Officer

Sagi Niri - Chief Financial Officer

Conference Call Participants

Matt Swanson - RBC Capital Markets

Laura Martin - Needham

Andrew Marok - Raymond James

Matt Condon - JMP

Eric Martinuzzi - Lake Street

Mark Kelley - Stifel

Presentation

Operator

Welcome to Nexxen’s Earnings Call for the 3 and 12 months Ended December 31, 2023. At this time, participants are in a listen-only mode with a question-and-answer session to follow at the end of the presentation. This call is being recorded and a replay of today's call will be made available on Nexxen’s Investor Relations website.

I will now hand the call over to Billy Eckert, Vice President of Investor Relations for introductions and the reading of the Safe Harbor statement. Billy, please go ahead.

Billy Eckert

Thank you, operator. Good morning, everyone, and welcome to our first official earnings call as Nexxen. During today’s call, we will discuss our financial and operating results for the three and 12 months ended December 31, 2023 as well as our forward-looking guidance. This morning, we issued a press release, which you can access on our updated IR website at investors.tremorinternational.com.

This morning, we issued a press release, which you can access on our updated IR website at investors. nexxen.com. Please note, all financial results you hear on today's call for the three and 12 months ended December 31, 2023, as well as the three months ended December 31, 2022, reflect the combined financial performance of Nexxen and Amobee, while results for the 12 months ended December 31, 2022, include results for Amobee early from September 12, 2022 through December 31, 2022. Given how that transpired in 2023, including our rebrand in Nexxen and the completed integration of Amobee, we're approaching this quarter's call a bit differently.

During today's call and only for this quarter, you'll hear from our Chief Product Officer, Karim Rayes, who will set the stage for how the digital advertising industry is evolving and how our platform and business model positions us for success now and in the future. Then we'll turn the call over to our Chief Executive Officer, Ofer Druker to discuss, amongst other things, the evolution of our strategic business partnership and revenue initiatives and follow that with an overview of our Q4 and full year 2023 financial results and update on our forward-looking guidance from our Chief Financial Officer, Sagi Niri, before turning the call back to Ofer for closing remarks.

During today's conference call, we will make forward-looking statements. All statements other than statements of historical fact could be deemed as forward-looking. We advise caution and reliance on forward-looking statements. These statements include, without limitation, statements and projections regarding our anticipated future financial and operating performance, market opportunity, growth prospects, strategy, financial outlook, partnerships and anticipated benefits related to those partnerships and forward-looking views on macroeconomic and industry conditions, as well as any other statements concerning the expected development, performance and market share or competitive performance relating to our products or services.

All forward-looking statements are based on information available to us as of the date of this call. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those implied by these forward-looking statements, including unexpected changes in our business or unexpected changes in macroeconomic or industry conditions.

More detailed information about these risk factors and additional risk factors are set forth in our filings with the US Securities and Exchange Commission including, but not limited to, those risks and uncertainties listed in the section entitled Risk Factors in our most recent Annual Report on Form 20-F....

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