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Mar 31
Nexxen International Q1 2025 Earnings Report
Nexxen International reported strong Q1 2025 results with record CTV and programmatic revenue growth and a significant jump in Adjusted EBITDA.
Key Takeaways
Nexxen delivered a solid quarter marked by record CTV and programmatic revenue, a nearly doubled Adjusted EBITDA, and a return to net profitability. The launch of nexAI and new client additions signaled strong future potential despite broader market softness.
Achieved record Q1 programmatic revenue of $71.8M and CTV revenue of $26.4M
Adjusted EBITDA rose 95% YoY to $23.1M, reflecting operational efficiency
Launched nexAI, already adopted by dozens of clients, enhancing platform innovation
Completed a $50M share repurchase and initiated a new $50M program
Nexxen International
Nexxen International
Nexxen International Revenue by Segment
Revenue by Segment
Programmatic Revenue
CapyFin.comCTV Revenue
CapyFin.com Forward Guidance
Nexxen reaffirmed its FY2025 outlook, projecting steady growth in Contribution ex-TAC and Adjusted EBITDA, supported by strong client relationships and AI-driven innovation despite potential macroeconomic headwinds.
Positive Outlook
- Reaffirmed full year Contribution ex-TAC target of $380M
- Expects Adjusted EBITDA of $125M for FY25
- Programmatic to remain ~90% of total revenue
- Strong client support and adoption of AI tools like nexAI
- No long-term debt, healthy liquidity position
Challenges Ahead
- Softness in broader advertising market anticipated in Q2
- Exposure to evolving U.S. trade policy risks
- Macroeconomic uncertainty may impact client spending
- Potential negative sentiment from geopolitical instability
- Continued investment needs in tech and AI may pressure margins
Revenue & Expenses
Visualization of income flow from segment revenue to net income