Nexxen International Ltd.

will be made available on Nexen'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.

Thank you, Operator. Good morning, everyone, and welcome to Nexen's second quarter earnings call. During today's call, we will discuss our financial and operating results for the three and six months ended June 30th, 2025, as well as our forward-looking guidance. With us on today's call are Ofer Druker, Nexen's chief executive officer, and Sagi Neri, the company's chief financial officer. This morning, we issued a press release, which you can access on our IR website at investors.nexen.com. 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, anticipated benefits related to the company's intended growth and platform investments, 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 U.S. 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 20F. Nexen does not intend to update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Additionally, the company's press release and management statements during this conference call will include discussions of certain measures and financial information in IFRS and non-IFRS terms. We refer you to the company's press release for additional details, including definitions of non-IFRS items and reconciliations of IFRS to non-IFRS results. At this time, it is my pleasure to introduce Ofer Druker, CEO of Nexen. Ofer, please go ahead.

Thanks, Billy. In Q2, we delivered strong results that also reflected growth in data and tech licensing revenue, underscoring the strength of our diversified platform offering. We have continued to execute against our core strategy, making meaningful advancement across CTV, data, AI, and our end-to-end, tech platform that further position us for long-term growth and market share gains. In CTV, we renewed and expanded our strategic partnership with VIDA, securing exclusive access to inventory for our customers while creating significant long-term monetization potential for Nexen starting in 2026. The agreement also extends our exclusive global access to VIDA's ACR data strengthening our long-term TV data footprint and capabilities, accelerating our shift into tech and data licensing, and reinforcing our position as a leading air tech data provider. We have also made important strides on our AI strategy, particularly with the Nexen data platform, integrating transformative capabilities into Nexen discovery, which are already enabling customers to better harness the full power of our platform. With strong momentum and ongoing innovation, we are confident in our ability to build on our tech, data, CTV, and AI leadership and create impressive value for our customers across the ecosystem. In Q2, we introduced Next AI, a suite of AI power systems and features designed to enhance efficiency and results across planning, activation, optimization, and motivation. Next.ai combines proprietary data, machine learning, and generative AI to deliver even more powerful cutting-edge capabilities. We have been innovating quickly Already releasing an AI assistance within the Nexen DSP and generating AI-powered solution within the Nexen data platform, including the Nexen AI discovery assistance. Since launch, Nexen AI has been adopted by over 100 combined users, including some of our largest agency and brand customers, with early feedback signaling productivity gains, improved outcomes, and more time for high-value strategic initiatives like winning new business. By streamlining insights and automating reporting, Next.ai is delivering what customers need most, faster access to actionable data and better returns. It's accelerating the benefits of our integrated tech and data stack, and we expect it will continue driving even stronger results deeper engagement, and broader adoption over time. We plan to roll out enhanced AI-driven SSD functionality and broader platform integration later in 2025 and in 2026, which we expect will further enhance usability, performance, and extend overall value proposition. Our AI team are now focused on both driving customer-facing investments that fuel performance and revenue, and internal efficiency that accelerate development cycle and support long-term margin expansion. We believe this investment will further support sustained, increasingly profitable growth in the quarters and years ahead. Our AI opportunity is massive, and with unique tech and data infrastructure, Nexen is well positioned to continue delivering smarter, faster AI-powered solutions from both sides of the industry. Our ability to renew and expand our unique strategic partnership with BIDA is an important achievement that meaningfully strengthens our leadership and growth positioning within the global CTV ecosystem. Through the agreement, we extended our global ACR data exclusivity and secure exclusive ad monetization rights on video media in North America through at least the end of 2029. This enabled Nexen to deliver premium CTV inventory unavailable anywhere else, while reinforcing our position as the data platform in EdTech. As one of the only platforms with exclusive global TV data access outside the OEM ecosystem, this renewal strengthened our open, holistic approach and amplified our data advantage. Since 2022, we have laid the foundation for long-term growth, with VIDA establishing leadership positions in key international markets and Nexen building the infrastructure to ingest and integrate VIDA's ACR data into the Nexen data platform. This updated agreement marks a shift from building the foundation to scaling commercial value during a time of rapid global expansion for VIDA. For example, through its recent partnership investor, VIDA will significantly increase its European CTV footprint, enhancing Nexen international growth opportunities. Together, we will now focus on scaling North American revenue, expanding international amortization, growing industry and inventory, and accelerating data syndication and measurement partnership. To support this effort, we are investing an additional $35 million in VIDA to accelerate the North American CTV expansion and unlock increased growth across the world's largest advertising market. We expect this will drive greater data scale and monetizable ad inventory enhancing the long-term value of our exclusive rights and overall investments. Our renewed and expanded processes extend our growth runway and we believe unlock great potential to bring tremendous value to both Nexen and the industry. Additionally, We have continued attracting and onboarding top-tier commercial leaders from major industry players across the U.S. and international markets. These tires, alongside other recent additions, are gaining traction, and we believe will better position us for both near- and long-term revenue growth. We will continue to invest in bringing world-class talent to Nexen, particularly within our commercial and media teams to support our expanding global footprint. We have also continued building momentum and visibility with Wall Street following our move to a single U.S. ordinary share listing. Since improving our structure, analyst coverage has grown 80%. Investor interest is rising, and we have been added to the Russell 3000 Index. Our first U.S. Investor Day in May drew strong turnout, viewership, and response from analysts, investors, and banking partners, and we remain committed to active engagement across the capital markets. In Q2, we added 108 new actively spending first-time advertiser customers, including 43 enterprise self-service customers and five independent agencies, leveraging our self-service solution, alongside 86 new supply partners. Our conviction in our strategy has never been stronger. Expanded partnership with industry leaders like Vida and iSense accelerate our CTV growth opportunities and reinforce our strategic role within the ecosystem. Our end-to-end model gives us an edge and we will continue investing in enhancing and expanding platform capabilities to fuse further growth and sharpen our differentiation. We are also closely monitoring the Google EdTech antitrust case. Depending on outcomes and remedies, it could be a catalyst for Nexen and other open internet SSPs to achieve higher win rates and increase share gain potential. While the journey to category leadership takes time, Nexen is well-positioned for success with unmatched and growing capabilities and advantages. We are energized by the opportunities and remain focused on innovating and executing to deliver long-term value to our customers, partners, and shareholders. With that, I'm happy to turn the call over to Stagnis.