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Mar 31, 2025
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
Revenue by Segment
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
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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