NASDAQ$NEXN
Nexxen International Ltd · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Nexxen reported declining Q4 2025 revenue and profitability, pressured by lower CTV and political advertising demand while maintaining strong programmatic revenue contribution.
Nexxen delivered lower fourth-quarter revenue as reduced political advertising and weaker CTV demand weighed on results. Programmatic revenue remained the dominant revenue stream, representing the vast majority of total revenue, while adjusted EBITDA declined year over year despite maintaining strong margins. The company ended the quarter with a solid cash position and no long-term debt.
- Revenue declined 10% year-over-year to 100711000 in Q4 2025.
- Programmatic revenue reached 94300000 and represented approximately 94% of total revenue.
- CTV revenue was 30100000 representing 32% of programmatic revenue.
- Adjusted EBITDA declined to 33874000 with strong margins despite weaker political advertising demand.
Headline financials
Revenue & EPS history
Nexxen International · Revenue · Quarterly
$101M
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 expects renewed growth in 2026 driven by programmatic demand, data products and CTV expansion, supported by its V partnership and AI-driven platform investments.
Tailwinds
- Contribution ex-TAC expected between 375000000 and 390000000 in 2026.
- Programmatic revenue expected between 367000000 and 381000000.
- Adjusted EBITDA projected between 122000000 and 132000000.
- Growth expected in CTV, self-service and data product revenue.
- Smart TV home screen advertising solution adoption expanding with partners.
Headwinds
- Programmatic and contribution ex-TAC were impacted by reduced spending from one DSP customer in Q4 2025.
- CTV revenue declined year-over-year in Q4.
- Adjusted EBITDA declined 23% year-over-year in the quarter.
- Weakness in non-programmatic business lines continues into early 2026.
- Macroeconomic and geopolitical uncertainties may affect advertising demand.
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 Q4 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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