NASDAQ$NEXN
Nexxen International Ltd · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Nexxen posts record Q1 programmatic and CTV revenue, raises 2026 outlook
Nexxen International delivered record Q1 2026 results with total revenue of $86.8 million, up 11% year over year, led by programmatic revenue of $81.9 million (+14%) and CTV revenue of $29.4 million (+12%). Contribution ex-TAC reached a record $84.5 million, up 13% YoY. Adjusted EBITDA was $16.3 million at a 19% margin, down from $23.1 million in Q1 2025 as the company invested in AI, data and CTV capabilities. The company reported a GAAP net loss of $5.3 million ($0.09 per share) while non-GAAP net income was $3.5 million ($0.06 per share). Nexxen raised full-year 2026 Contribution ex-TAC guidance to $382–$397 million and programmatic revenue to $374–$388 million, while reaffirming Adjusted EBITDA of $122–$132 million.
- Record Q1 Contribution ex-TAC of $84.5M (+13% YoY) and programmatic revenue of $81.9M (+14%); CTV revenue hit $29.4M, 36% of programmatic.
- Adjusted EBITDA of $16.3M at 19% margin; non-GAAP net income $3.5M ($0.06/share) vs GAAP net loss of $5.3M ($0.09/share).
- Raised FY2026 Contribution ex-TAC guidance to $382–$397M and programmatic revenue to $374–$388M; Adjusted EBITDA guidance unchanged at $122–$132M.
- Nexxen TV Home Screen adoption accelerated with The Trade Desk, StackAdapt, Basis, TCL FFALCON and TiVo Ads; repurchased 1.1M shares for ~$7.2M.
- Cash of $94.6M with no long-term debt and $50M undrawn revolver; Q2-to-date trends exceed initial expectations across programmatic lines.
Headline financials
Revenue & EPS history
Nexxen International · Revenue · Quarterly
$86.8M
Revenue by segment
Nexxen International · $111M total across 2 segments · Q1 2026
- Programmatic revenue$81.9M+14.1%73.6%
- CTV revenue$29.4M+11.4%26.4%
Forward guidance
Nexxen raised FY2026 Contribution ex-TAC to $382–$397M and programmatic revenue to $374–$388M; Adjusted EBITDA reaffirmed at $122–$132M. Q2 2026 trends are running ahead of initial expectations.
Tailwinds
- Full-year Contribution ex-TAC midpoint implies ~10% YoY growth with programmatic revenue up ~12%.
- Q2 quarter-to-date performance exceeding expectations driven by CTV, mobile and data products.
- Enterprise customer onboarding in 2026 already exceeds all of 2025.
Headwinds
- Adjusted EBITDA margin compressed to 19% from 31% in Q1 2025 amid investment spending.
- Cash declined to $94.6M from $133.3M at year-end due to working capital timing and share repurchases.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q1 2026
-3.1%
Avg return
Earnings day
-4.7%
Avg return
5 days after
-13.1%
Avg return
30 days after
50%
8 / 16 earnings
Positive
+28.0%
Q4 2024
Best reaction
-33.9%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.3% | +7.7% | — | |
| Q4 2025 | +3.7% | +14.4% | +2.5% | |
| Q3 2025 | -21.3% | -16.8% | -16.9% | |
| Q2 2025 | +1.5% | -1.1% | +0.1% | |
| Q1 2025 | -5.7% | -9.2% | -19.3% | |
| Q4 2024 | +28.0% | +10.8% | +4.2% | |
| Q3 2023 | +7.7% | -4.5% | +28.0% | |
| Q2 2023 | -33.9% | -33.5% | -38.8% | |
| Q1 2023 | +8.2% | +0.9% | -46.6% | |
| Q4 2022 | -16.2% | -23.6% | -27.9% | |
| Q3 2022 | -26.4% | -23.5% | -18.4% | |
| Q2 2022 | -21.7% | +3.1% | -12.2% | |
| Q1 2022 | -1.8% | +4.0% | -15.6% | |
| Q4 2021 | +21.5% | +0.2% | -4.9% | |
| Q3 2021 | -8.3% | -14.6% | -29.4% | |
| Q2 2021 | +13.0% | +11.3% | -0.5% |
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