NASDAQ$NEXN
Nexxen International Ltd · Q3 2025 earnings
Q3 2025 earnings · · Before market open · Investor relations
Briefing
Nexxen International reported record programmatic revenue and Contribution ex-TAC in Q3 2025 but lowered its full-year guidance due to Q4 headwinds.
Nexxen delivered strong programmatic performance in Q3 2025, setting new records for programmatic revenue and Contribution ex-TAC. However, the company reported a significant drop in net income and adjusted EBITDA margins and revised its full-year outlook downward.
- Record Q3 programmatic revenue of $89.6M and Contribution ex-TAC of $92.6M
- CTV revenue fell 17% YoY, accounting for 27% of programmatic revenue
- Adjusted EBITDA decreased 11% YoY to $28.2M with margin compression
- Full-year guidance lowered due to reduced activity from key DSP partners
Headline financials
Revenue & EPS history
Nexxen International · Revenue · Quarterly
$94.8M
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 lowered its full-year 2025 guidance due to weak performance in its open marketplace channel, reduced customer spending, and continued softness in non-core businesses.
Tailwinds
- Programmatic revenue expected to comprise ~95% of FY25 revenue
- Demand from Nexxen DSP to Nexxen SSP remains in-line with expectations
- New and expanded VIDAA partnership offers long-term CTV growth potential
- Launch of first-to-market Smart TV home screen activation solution
- Increased focus on enterprise DSP adoption and data platform
Headwinds
- Lower-than-expected activity from third-party DSPs in Q4
- Reduced spending from a key DSP customer impacting Q4 Contribution ex-TAC
- Softness in specific verticals and customer segments
- Continued weakness in non-core, non-programmatic business
- Guidance now reflects lower growth expectations for full year 2025
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 Q3 2025
-3.1%
Avg return
Earnings day
-4.7%
Avg return
5 days after
-11.3%
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% | +15.2% | |
| 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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