Nexxen International (NEXN) Q1 2026 earnings summary

Executive summary

• Achieved record Q1 2026 results, with Contribution ex-TAC at $84.5M (+13% YoY), programmatic revenue at $81.9M (+14% YoY), and CTV revenue at $29.4M (+12% YoY), driven by strong performance in programmatic business lines, especially CTV, mobile, and data products, with momentum continuing into Q2.

• Enhanced enterprise go-to-market efforts, platform usability, and CTV leadership, expanding mobile in-app footprint and AI-driven capabilities, with more new enterprise customers onboarded in early 2026 than in all of 2025.

• Expanded partnerships and product innovation, especially in CTV and mobile in-app, fueling growth and differentiation, including Nexxen TV Home Screen and global OEM partnerships.

• Hosted Investor Day scheduled for June 16, 2026.

Financial highlights

• Q1 2026 Contribution ex-TAC: $84.5M (+13% YoY); programmatic revenue: $81.9M (+14% YoY); CTV revenue: $29.4M (+12% YoY); total revenue: $86.8M (+11% YoY).

• Adjusted EBITDA: $16.3M (19% margin of Contribution ex-TAC), down from $23.1M (31% margin) YoY.

• Non-IFRS diluted EPS: $0.06 (down from $0.16 YoY); non-IFRS net income: $3.5M (down 67% YoY); net loss: $(5.3)M vs. net income of $1.6M YoY.

• Cash and cash equivalents: $94.6M as of March 31, 2026; $50M undrawn on revolving credit facility; no long-term debt.

• Share repurchases: 1.1M shares in Q1 2026 ($7.2M); cumulative buyback of ~40% of shares since March 2022.

Outlook and guidance

• Raised full-year 2026 Contribution ex-TAC guidance to $382–$397M (~10% YoY growth at midpoint); programmatic revenue guidance to $374–$388M (~12% YoY growth at midpoint); Adjusted EBITDA guidance at $122–$132M (~10% YoY growth, 33% margin at midpoint).

• Q2 2026 quarter-to-date Contribution ex-TAC and programmatic revenue exceeded expectations.

• Growth drivers include enterprise adoption, CTV acceleration, mobile in-app scaling, and data revenue momentum.