Quarterly ResultMay 13, 2026, 07:32 AM
Nexxen Q1 Contribution ex-TAC $84.5M; Raises FY26 Guidance
AI Summary
Nexxen International Ltd. announced record Q1 2026 financial results, with Contribution ex-TAC reaching $84.5 million, programmatic revenue $81.9 million, and CTV revenue $29.4 million, all showing double-digit year-over-year growth. Following this strong start and continued momentum into Q2, the company raised its full-year 2026 guidance for Contribution ex-TAC and programmatic revenue. However, Adjusted EBITDA decreased to $16.3 million from $23.1 million in Q1 2025, and the Adjusted EBITDA margin declined to 19% from 31%. Operational highlights include accelerated adoption of Nexxen TV Home Screen and enhancements to its nexAI-powered DSP, alongside a $7.2 million share repurchase in Q1.
Key Highlights
- Record Q1 Contribution ex-TAC of $84.5 million, up 13% year-over-year.
- Record Q1 programmatic revenue of $81.9 million, up 14% year-over-year.
- Record Q1 CTV revenue of $29.4 million, up 12% year-over-year.
- Raised full-year 2026 Contribution ex-TAC guidance to $382-$397 million, up 10% at midpoint.
- Raised full-year 2026 programmatic revenue guidance to $374-$388 million, up 12% at midpoint.
- Adjusted EBITDA was $16.3 million, representing a 19% margin, down from 31% in Q1 2025.
- Repurchased 1,133,298 shares for approximately $7.2 million during Q1 2026.
- Cash and cash equivalents stood at $94.6 million as of March 31, 2026.