Q3 25 EPS
$0.20
MISS 8.51%
Est. $0.22
Q3 25 Revenue
$94.8M
BEAT +2.78%
Est. $92.2M
vs S&P Since Q3 25
+51.0%
BEATING MARKET
NEXN +65.9% vs S&P +15.0%
Market Reaction
Did NEXN Beat Earnings? Q3 2025 Results
Nexxen International delivered a mixed third quarter for fiscal 2025, beating revenue expectations while falling short on the bottom line, with a guidance cut stealing the spotlight from an otherwise solid operational performance. Revenue rose 5.1% y… Read more Nexxen International delivered a mixed third quarter for fiscal 2025, beating revenue expectations while falling short on the bottom line, with a guidance cut stealing the spotlight from an otherwise solid operational performance. Revenue rose 5.1% year-over-year to $94.79 million, edging past the $92.22 million consensus, but non-IFRS EPS of $0.20 missed the $0.22 estimate by 8.51% as adjusted EBITDA slipped 11% to $28.20 million and IFRS net income fell sharply to $4.21 million from $14.54 million a year ago. The company did set Q3 records in both Contribution ex-TAC, at $92.60 million, and programmatic revenue, at $89.60 million, yet CTV revenue declined 17% to $24.50 million amid competitive pressures. The most consequential disclosure, however, was the lowered full-year outlook, with management now guiding for Contribution ex-TAC of $350 million to $360 million and adjusted EBITDA of $113 million to $117 million, citing unexpectedly reduced Q4 spending from certain third-party DSP partners and softness in non-core business lines, raising questions about whether its connected TV and programmatic growth narrative remains on track.
Key Takeaways
- • Omnichannel growth driving record Q3 Contribution ex-TAC
- • Rising enterprise DSP adoption
- • Growing demand for data solutions
- • Programmatic revenue increased to 94% of total revenue, up from 90% in Q3 2024
- • Video revenue represented 70% of programmatic revenue
NEXN YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
NEXN Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are pleased to have met our expectations for both Q3 and the first nine months of 2025, with performance driven by omnichannel growth, rising enterprise DSP adoption and growing demand for our data solutions. The renewal and expansion of our VIDAA partnership further differentiates Nexxen through exclusive CTV media and data and has enabled the launch of the industry's first solution for programmatic Smart TV home screen activation — unlocking a powerful, high-attention medium for advertisers through scaled OEM media previously inaccessible programmatically. This marks a major advancement for Nexxen and the CTV industry and is already generating strong interest. While we are disappointed with our reduced guidance, we are confident the initiatives underway to enhance our enterprise technology value proposition, strengthen resilience against disruptive trends and leverage our exclusive assets to capitalize on partnership opportunities will help mitigate extended impacts from headwinds affecting the business in Q4. Our conviction in our strategy and long-term growth prospects remains strong, and we believe Nexxen will emerge as a more resilient, strategic platform that industry leaders increasingly rely on in 2026 and beyond.”
— Ofer Druker, Q3 2025 Earnings Press Release
NEXN Earnings Trends
NEXN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
NEXN EPS Trend
Earnings per share: estimate vs actual
NEXN Revenue Trend
Quarterly revenue: estimate vs actual
NEXN Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT 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 | $0.21 | $0.23 | +7.33% | $100.5M | +5.66% |
| Q1 26 MISS | $0.07 | $0.06 | -12.15% | $86.8M | +12.68% |
| Q4 25 BEAT FY | $0.31 | $0.33 | +6.93% | $100.7M | +0.32% |
| FY Full Year | $0.95 | $0.98 | +2.95% | $364.8M | +2.47% |
| Q3 25 MISS | $0.22 | $0.20 | -8.51% | $94.8M | +2.78% |
| Q2 25 BEAT | $0.20 | $0.29 | +47.43% | $90.9M | +3.86% |
| Q1 25 | $0.05 | — | — | — | — |