Q4 25 EPS
$0.33
BEAT +6.93%
Est. $0.31
Q4 25 Revenue
$100.7M
BEAT +0.32%
Est. $100.4M
vs S&P Since Q4 25
+45.3%
BEATING MARKET
NEXN +59.1% vs S&P +13.9%
Full Year 2025 Results
FY 25 EPS
$0.98
BEAT +2.95%
Est. $0.95
FY 25 Revenue
$364.8M
BEAT +2.47%
Est. $356.0M
Market Reaction
Did NEXN Beat Earnings? Q4 2025 Results
Nexxen International delivered a mixed Q4 2025, beating revenue expectations while falling short on the bottom line, as the absence of political advertising spending that had buoyed the year-ago quarter weighed heavily on results. Revenue came in at … Read more Nexxen International delivered a mixed Q4 2025, beating revenue expectations while falling short on the bottom line, as the absence of political advertising spending that had buoyed the year-ago quarter weighed heavily on results. Revenue came in at $100.71 million, topping the $91.93 million consensus by 9.56%, yet the 10.3% year-over-year decline underscored the political headwind at work. Non-IFRS diluted EPS of $0.33 missed the $0.40 consensus by 18.24%, reflecting a 47% drop in operating profit to $13.00 million and adjusted EBITDA margin compression from 42% to 35% on a Contribution ex-TAC basis. The company's shares had already absorbed punishment earlier, falling sharply after Nexxen trimmed its fiscal 2025 outlook due to a shift in spending from one DSP customer, though that customer has since increased year-over-year spend heading into 2026. Looking ahead, management guided full-year 2026 Contribution ex-TAC of $375 million to $390 million and Adjusted EBITDA of $122 million to $132 million, each implying roughly 10% growth at the midpoint.
Key Takeaways
- • Programmatic revenue increased to 94% of revenue from 88% in Q4 2024
- • Contribution ex-TAC per active customer increased to approximately $563,000 from $526,000 in 2024
- • Political advertising absence negatively impacted Q4 2025 year-over-year comparisons
- • Reduced spending by one DSP customer impacted Q4 2025
- • Video revenue represented 72% of programmatic revenue
NEXN YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
NEXN Revenue by Segment
With YoY comparisons, source: SEC Filings
“We met our updated 2025 guidance and are off to a strong start in 2026, with Contribution ex-TAC and programmatic revenue exceeding our initial expectations to this point in Q1, driven by broad-based strength across our programmatic business lines.”
— Ofer Druker, Q4 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 | — | — | — | — |