Nexxen International (AIM:NEXN) rose 7% as the newly-named adtech reported healthy third-quarter numbers and said its AI expertise was giving it a competitive edge in its space.
Revenues were up 13% to US$90.2 million in the three months to September with programmatic revenue up 10% to US$81.6 million.
Formerly called Tremor International, Nexxen also swung from an operating loss of US$3.4 million in the comparable period to a profit of US$16.3 million.
“Looking ahead, we strongly believe our full stack platform and robust access to data gives Nexxen an AI edge, and that our Generative AI initiative will contribute to Nexxen's growth, as well as its platform differentiation and appeal in 2025,” said Ofer Druker, chief executive.
Shares rose 22p to 314p.