Nexxen International Ltd
Q2 2026 Earnings
Includes $1.323 million in restructuring charges related to the wind-down of RhythmInfluence, and $5.890 million in amortization of acquired intangibles, partially offset by a $1.910 million tax benefit from non-IFRS adjustments
Market Reaction
Did NEXN Beat Earnings? Q2 2026 Results
Nexxen International delivered a strong second quarter, beating both top and bottom-line expectations as record programmatic demand drove revenue to $100.52 million, up 10.5% year-over-year and ahead of the $95.14 million consensus by 5.66%. Adjusted non-GAAP EPS of $0.23 cleared the $0.21 analyst estimate by 7.33%, even as one-time items including $1.32 million in restructuring charges tied to the wind-down of its RhythmInfluence influencer marketing unit and $5.89 million in amortization of acquired intangibles weighed on the period. The real story was CTV, where programmatic revenue climbed 33% year-over-year to $37.80 million and now represents 40% of total programmatic revenue, up from 33% a year ago. Margin compression remained a notable counterweight, with Adjusted EBITDA declining 8% to $27.62 million as the company accelerated spending on AI, data, and infrastructure. Nexxen raised its full-year Contribution ex-TAC guidance to $388 to $402 million and lifted its programmatic revenue outlook to $380 to $393 million, while reaffirming Adjusted EBITDA guidance of $122 to $132 million, signaling confidence that second-half investment will sustain momentum.
- CTV revenue grew 33% YoY to all-time quarterly record of $37.8 million
- Programmatic revenue increased to 95% of total revenue from 93% in Q2 2025
- Video revenue represented 70% of programmatic revenue, up from 68% in Q2 2025
- Enterprise engagement and platform utilization continued to accelerate
“We once again exceeded consensus expectations, delivering record Q2 Contribution ex-TAC and programmatic revenue, highlighted by all-time record quarterly CTV revenue which increased 33% year-over-year, supporting our decision to increase our full-year Contribution ex-TAC and programmatic revenue guidance for the third time this year.”
Nexxen International CEO, on the earnings call
Forward Guidance & Outlook
Nexxen raised its full-year 2026 Contribution ex-TAC guidance to $388-$402 million (from $385-$400 million), representing approximately 12% YoY growth at midpoint, and programmatic revenue guidance to $380-$393 million (from $377-$391 million), representing approximately 13% YoY growth at midpoint. Full-year Adjusted EBITDA guidance was reaffirmed at $122-$132 million, representing approximately 10% YoY growth and 32% EBITDA margin on Contribution ex-TAC at midpoint. The company expects H2 2026 growth to be supported by accelerating enterprise customer engagement, increasing end-to-end platform utilization, continued mobile in-app, CTV and data products strength, and growing commercial traction for Nexxen TV Home Screen. Nexxen plans to continue investing in AI, data and infrastructure and expects to invest an additional $15 million in V during Q3 2026. The company continues to evaluate strategic options for its remaining non-programmatic business lines.
NEXN YoY Financials
NEXN Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.