10 Cheap Hot Stocks to Buy Right Now

8. Nexxen International Ltd. (NASDAQ:NEXN)

Forward P/E Ratio as of April 16: 9.85

Gain Over the Past 1 Month: 18.79%

Number of Hedge Fund Holders: 8

Nexxen International Ltd. (NASDAQ:NEXN) provides an end-to-end and video-first platform that engages advertising campaigns for brands, agencies, media groups, and content creators worldwide. It serves ad buyers, such as brands and agencies, and digital publishers. It was formerly known as Tremor International Ltd. until January 2024.

Nexxen’s programmatic advertising segment made a record revenue of $98.7 million in Q4 2024, which was a 15% year-over-year improvement. For the full year, programmatic revenue reached an all-time annual record of $324.5 million, which was also up by 9%. Programmatic revenue made up a substantial 88% of the total revenue in Q4 and 89% for the full year. Within this segment, CTV advertising is particularly experiencing rapid growth.

CTV advertising contributed 38% to the total programmatic revenue in Q4. In this period, CTV revenue hit a quarterly record of $37.0 million, which showed 86% year-over-year growth. Nexxen’s 2025 guidance projects programmatic revenue to represent ~90% of the total revenue. Management also plans to make further investments in technology, data, and GenAI in 2025.