Nexxen Better on Q2 Results
Nexxen International Ltd. (NASDAQ: NEXN) shares made headway Wednesday, as the company claiming to be a global, flexible advertising technology platform with deep expertise in data and advanced TV, announced today its financial results for the three months ended June 30, 2025.
Nexxen experienced record Q2 Contribution ex-TAC of $87.8 million, up 6% year-over-year, as well as record Q2 programmatic revenue of $85.0 million, up 8% year-over-year. Q2 CTV revenue of $28.4 million, up 1% year-over-year, also a new record.
Adjusted EBITDA of $29.9 million, up 12% year-over-year, representing a 34% Adjusted EBITDA Margin on a Contribution ex-TAC basis (33% on a revenue basis), compared to 32% (30% on a revenue basis) in Q2 2024
Nexxen also reported $131.5 million cash and cash equivalents as of June 30, 2025, alongside no long-term debt and $50 million undrawn on the Company’s updated and extended revolving credit facility.
Said CEO Ofer Druker, “We achieved strong Q2 results driven by increased data and tech licensing revenue, highlighting the resilience and diversity of our end-to-end platform’s offerings.
“Our execution has enabled us to effectively manage market volatility while advancing initiatives that position us for long-term success.”
NXXN shares began the midweek session jumped 32 cents, or 3.3%, to $10.06.
