Tremor International Ltd., an Israel-based digital advertising solutions company, rebranded as Nexxen. The company's platforms, including Amobee, Tremor Video, Unruly, and Spearad, will be unified under the new name. This move signals a strategic shift towards a more cohesive and powerful future in the advertising industry. The rebranding aims to leverage Tremor's data-driven video and CTV ad tech, providing advertisers with an end-to-end platform for campaign optimization and assisting media companies in maximizing inventory yield. In its recent financial performance, Tremor Video reported a Q3 EPS of $0.09, exceeding analyst estimates by $0.02, with revenue reaching $80.1 million against a consensus estimate of $76.54 million. However, the company faced challenges in Q2, reporting an EPS of $0.06, falling short of the estimated $0.19, and revenue of $84.2 million compared to the expected $92.44 million.
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