Nexxen Q1 Revenue Reaches $86.84M, Exceeds Expectations
Reports Q1 revenue $86.84M, consensus $77.07M. "We delivered a strong start to 2026, with record Q1 results ahead of consensus estimates and continued strength to this point in Q2, enabling us to raise our full-year Contribution ex-TAC and programmatic revenue guidance," said Ofer Druker, CEO of Nexxen. "The strategy we adopted is generating results, with revenue mix improving and growth accelerating across our core programmatic business lines. nexAI-powered DSP enhancements and ongoing innovation are driving improved outcomes and efficiency for performance-focused agencies like Tinuiti, while supporting growing enterprise client adoption and increased end-to-end platform utilization. To date in 2026, we have already onboarded more new enterprise customers than in all of 2025 and our pipeline remains strong. We are seeing momentum in AI-resilient media channels including CTV and mobile in-app, where SDK partnerships with leading platforms like Unity are supporting durable growth. Nexxen TV Home Screen is further reinforcing our CTV differentiation, with adoption scaling across industry leaders including The Trade Desk, StackAdapt, Basis, H/L, TCL FFALCON and TiVo Ads, supporting a transformational growth opportunity. As our platform, data and AI capabilities scale, we believe we are strengthening our competitive advantages and driving greater value for customers and partners."
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- Earnings Performance: Nexxen International reported a Q1 GAAP EPS of -$0.09 with revenues of $86.8 million, which, despite the loss, exceeded market expectations, demonstrating the company's resilience in challenging conditions.
- Guidance Upgrade: The company raised its 2026 contribution ex-TAC revenue guidance to a range of $382 million to $397 million, up from the previous $375 million to $390 million, indicating a projected year-over-year growth of approximately 10% at the midpoint, reflecting confidence in future growth.
- Programmatic Revenue Growth: Nexxen also increased its programmatic revenue guidance to between $374 million and $388 million, up from $367 million to $381 million, with an expected midpoint year-over-year growth of about 12%, highlighting the company's ongoing expansion in the digital advertising sector.
- Stable Adjusted EBITDA: The adjusted EBITDA guidance remains unchanged at $122 million to $132 million, with a projected year-over-year growth of around 10% and an adjusted EBITDA margin of 33%, indicating stability and sustainability in the company's profitability.
- Partnership Expansion: Nexxen partners with TCL and TiVo Ads to make their Smart TV native ad inventory programmatically accessible through the Nexxen DSP, significantly enhancing advertisers' flexibility and reach.
- Increased Audience Engagement: Nielsen data indicates that households may spend up to 10.5 minutes selecting content, providing advertisers with a prominent touchpoint during this critical decision-making moment, thereby enhancing brand visibility.
- Global Availability Boost: TCL's native ad inventory will be programmatically available at scale globally, particularly on TCL Android TV devices in the U.S. and Canada, ensuring advertisers can efficiently reach their target audiences.
- Market Demand Response: By integrating TiVo Ads' native formats into the Nexxen marketplace, advertisers can more easily activate this opportunity, leveraging the high visibility of Smart TVs to achieve measurable advertising outcomes and meet the demand for high-quality ad engagement.
- Investor Day Announcement: Nexxen International will host an Investor Day in New York City on June 16, 2026, starting at 9:00 AM ET, where CEO Ofer Druker and the executive team will present the company's strategic vision and financial outlook, likely drawing significant investor interest.
- Product Innovation Focus: The event will highlight Nexxen's advancements in nexAI and Nexxen TV Home Screen, aiming to bolster investor confidence in the company's growth potential by showcasing technological progress, which could enhance overall market perception of Nexxen.
- Hybrid Participation Model: The Investor Day will feature both in-person and virtual attendance options, with in-person participation requiring advance registration and being invitation-only, while the virtual stream will be publicly accessible, thereby broadening the company's investor base and increasing brand visibility.
- Risk Disclosure Statement: Nexxen's press release includes a caution regarding forward-looking statements, alerting investors to various uncertainties that could impact future performance, demonstrating the company's commitment to transparency and aiming to build investor trust.
- Earnings Release Schedule: Nexxen International Ltd. is set to announce its financial results for the quarter ending March 31, 2026, before the U.S. market opens on May 13, 2026, which is expected to provide investors with critical financial data and future outlook.
- Webcast and Conference Call: The company will host a webcast and conference call at 9:00 AM ET on the same day to discuss its financial results and business outlook in detail, enhancing interaction with investors.
- Participation Details: Investors can access the live and archived webcast from Nexxen's Investor Relations website, with multiple dial-in numbers provided to ensure global investor participation.
- Company Overview: Nexxen is an advertising technology platform that combines a demand-side platform and supply-side platform, leveraging unique data and media to drive full-funnel performance, aiming to meet the demands of today's media landscape.
- Feature Expansion: Nexxen's nexAI DSP Assistant enhances campaign management by adding pre-campaign setup and quality assurance features, enabling advertisers to launch campaigns with confidence and automatically check for misconfigurations, thereby improving success rates and operational efficiency.
- Mid-Campaign Optimization: The new assistant provides built-in AI insights for mid-campaign optimization, allowing advertisers to quickly identify and resolve issues during the campaign, significantly enhancing ad performance and return on investment.
- User Interface Innovation: The revamped DSP user interface streamlines workflows, accelerates user onboarding and campaign launches, ensuring advertisers can quickly adapt to and leverage new technologies, thus enhancing market competitiveness.
- Data Integration Capabilities: The nexAI DSP Assistant connects real-time campaign data with Nexxen's knowledge base, delivering actionable insights that help agencies achieve higher decision-making efficiency and effectiveness throughout the entire campaign lifecycle.
- Completion of Buyback Program: Nexxen International Ltd. repurchased 224,229 shares at an average price of $7.10 in March 2026, successfully completing its $20 million buyback program, which reflects the company's confidence in its stock value.
- New Buyback Initiative: The company announced a new buyback program of up to $40 million, indicating a proactive strategy in capital allocation aimed at enhancing shareholder value further.
- Outstanding Shares Overview: As of March 31, 2026, Nexxen had 56,876,930 shares outstanding (excluding treasury shares), providing flexibility for future capital operations and strategic initiatives.
- Reporting Changes: With the completion of the previous buyback program, Nexxen will no longer issue monthly reports on repurchase activities, streamlining its disclosure process in compliance with new regulatory requirements.








