NASDAQ$NEXN
Nexxen International Ltd · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Nexxen Q2 2025: record programmatic revenue $85M, Adjusted EBITDA margin 34%
Nexxen International reported Q2 2025 results with total revenue of $90.9 million, up 3% year-over-year. Programmatic revenue reached a record $85.0 million (+8% YoY), including record CTV revenue of $28.4 million. Contribution ex-TAC rose to $87.8 million (+6% YoY). Adjusted EBITDA grew 12% to $29.9 million, representing a 34% margin on Contribution ex-TAC versus 32% a year ago. Net income was $8.7 million, or $0.17 basic EPS ($0.14 diluted), compared to $2.9 million in Q2 2024. Non-IFRS net income was $18.2 million. The company held $131.5 million in cash with no long-term debt and renewed its VIDAA partnership with an additional $35 million investment. Nexxen guided full-year 2025 Adjusted EBITDA of approximately $125 million.
- Q2 revenue $90.9M (+3%); programmatic revenue record $85.0M (+8%)
- Record CTV revenue $28.4M; Contribution ex-TAC $87.8M (+6%)
- Adjusted EBITDA $29.9M (+12%) at 34% Contribution ex-TAC margin
- Net income $8.7M; basic EPS $0.17; non-IFRS net income $18.2M
- Cash $131.5M, no long-term debt; FY2025 Adjusted EBITDA guide ~$125M
Headline financials
Revenue & EPS history
Nexxen International · Revenue · Quarterly
$90.9M
Revenue by segment
Nexxen International · $113M total across 2 segments · Q2 2025
- Programmatic revenue$85M—75.0%
- CTV revenue$28.4M—25.0%
Forward guidance
Nexxen expects full-year 2025 Adjusted EBITDA of approximately $125 million, with programmatic revenue representing ~90% of FY revenue.
Tailwinds
- nexAI platform launch driving differentiation and operational efficiency
- VIDAA partnership renewed and expanded through at least 2029
- Adjusted EBITDA margin expansion trajectory into 2026
Headwinds
- Macro uncertainty from tariffs extending into Q3
- CTV mix declined to 33% of programmatic from 36% prior year
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 Q2 2025
-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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