Nexxen International (NEXN) Q2 2026 earnings summary

Executive summary

• Achieved record Q2 2026 results, with Contribution ex-TAC of $97.8M (up 11% YoY), programmatic revenue of $95.2M (up 12% YoY), and all-time high CTV revenue of $37.8M (up 33% YoY), driving a third upward revision of FY 2026 guidance.

• Investments in platform, AI (nexAI, MCP, A2A), and go-to-market execution accelerated enterprise adoption and platform utilization.

• Strategic leadership changes made to support next phase of growth and strengthen commercial execution.

• Initiated wind-down of non-programmatic influencer marketing business (Rhythm Influence), focusing on core programmatic growth.

Financial highlights

• Q2 2026 Contribution ex-TAC: $97.8M (up 11% YoY); programmatic revenue: $95.2M (up 12% YoY); CTV revenue: $37.8M (up 33% YoY); mobile revenue up 23% YoY.

• Adjusted EBITDA: $27.6M (28% margin), ahead of consensus; operating cash flow: $61.3M in Q2; cash and equivalents: $132M; no long-term debt; $50M undrawn credit facility.

• Non-IFRS diluted EPS: $0.23 (down 22% YoY); net income: $3.6M (down 58% YoY); net income margin on gross profit: 5%.

• Data products, CMPs, and display up 46%, 23%, and 18% YoY, respectively; desktop revenue declined 13%.

• Enterprise spend up over 25% YoY; number of advertisers through enterprise customers nearly doubled.

Outlook and guidance

• Raised FY 2026 Contribution ex-TAC guidance to $388M–$402M (12% YoY growth at midpoint); programmatic revenue guidance to $380M–$393M (13% YoY growth at midpoint); Adjusted EBITDA guidance reaffirmed at $122M–$132M (32% margin at midpoint, 10% YoY growth).

• Expect incremental H2 revenue from U.S. midterm elections and Nexxen TV Home Screen to contribute meaningfully from Q4 and ramp in 2027.

• H2 2026 growth expected from enterprise engagement, CTV, mobile, and data products.