Nexxen International

Nexxen International (NEXN) Q1 2025 Earnings

Reported May 14, 2025 at 8:45 AM ET · SEC Source

Q1 25 EPS

$N/A

Est. $0.05

Q1 25 Revenue

N/A

Est. $73.0M

vs S&P Since Q1 25

-42.5%

TRAILING MARKET

NEXN -11.1% vs S&P +31.4%

Market Reaction

Did NEXN Beat Earnings? Q1 2025 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… Read more 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.

Key Takeaways

  • 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
24/7 Wall St

NEXN YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

24/7 Wall St

NEXN Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q2 26

“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.”

— Ofer Druker, Q1 2025 Earnings Press Release