Nexxen International (NASDAQ:NEXN) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Nexxen International (NASDAQ:NEXN) issued its earnings results on Wednesday. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03, FiscalAI reports. The firm had revenue of $100.52 million during the quarter, compared to the consensus estimate of $93.09 million. Nexxen International had a net margin of 4.85% and a return on equity of 7.78%.

Here are the key takeaways from Nexxen International’s conference call:

• Q2 results exceeded consensus, with contribution ex-TAC rising 11% year over year to $97.8 million and programmatic revenue increasing 12% to $95.2 million. Operating cash flow improved substantially to $61.3 million, while the company maintained a debt-free balance sheet.
• CTV revenue reached a record $37.8 million, up 33% year over year, and mobile revenue increased 23%. Management said momentum has continued into Q3, supported by enterprise adoption, data products, premium media, and mobile in-app execution.
• Nexxen raised its 2026 contribution ex-TAC guidance to $388–$402 million and programmatic revenue guidance to $380–$393 million. The company expects additional upside from U.S. midterm election advertising and expects Nexxen TV Home Screen to contribute meaningfully beginning in Q4 and ramp through 2027.
• Enterprise spend grew more than 25% year over year, while advertisers activated through enterprise customers increased to more than 750 from fewer than 400 a year earlier. Management emphasized that nexAI, integrated with proprietary data and the end-to-end platform, is improving campaign outcomes and encouraging customers to shift more budget to Nexxen.
• Adjusted EBITDA was $27.6 million, or a 28% margin, and full-year EBITDA guidance was reaffirmed rather than raised despite the higher revenue outlook. Management cited increased spending on AI, data, infrastructure, platform capabilities, and go-to-market execution, along with approximately $2.5 million of first-half foreign-exchange pressure, while desktop and non-programmatic businesses declined.

Nexxen International Stock Performance

Shares of NEXN stock traded up $0.12 during mid-day trading on Wednesday, hitting $10.60. 344,968 shares of the stock were exchanged, compared to its average volume of 362,975. The stock’s fifty day simple moving average is $9.48 and its two-hundred day simple moving average is $7.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.25. Nexxen International has a 12-month low of $5.60 and a 12-month high of $11.13. The stock has a market capitalization of $596.57 million, a price-to-earnings ratio of 35.33 and a beta of 1.60.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Scotiabank raised their price target on Nexxen International from $10.00 to $11.00 and gave the company a “sector outperform” rating in a research note on Wednesday, June 17th. Needham & Company LLC upped their price objective on Nexxen International from $8.50 to $10.50 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Wall Street Zen raised Nexxen International from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Raymond James Financial boosted their target price on Nexxen International from $9.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 17th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $16.00 price target on shares of Nexxen International in a report on Wednesday, June 17th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Nexxen International currently has an average rating of “Moderate Buy” and a consensus target price of $11.61.

Insider Buying and Selling at Nexxen International

In related news, CFO Sagi Niri sold 17,578 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $10.51, for a total transaction of $184,744.78. Following the transaction, the chief financial officer owned 126,488 shares in the company, valued at $1,329,388.88. This trade represents a 12.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 258,468 shares of company stock valued at $2,350,050.

Institutional Investors Weigh In On Nexxen International

Large investors have recently modified their holdings of the company. Jump Financial LLC acquired a new stake in Nexxen International during the 4th quarter worth $95,000. Public Employees Retirement System of Ohio raised its stake in Nexxen International by 328.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 74,102 shares of the company’s stock valued at $485,000 after acquiring an additional 56,808 shares during the last quarter. FourThought Financial Partners LLC purchased a new position in shares of Nexxen International in the 3rd quarter valued at approximately $168,000. Quantbot Technologies LP purchased a new position in shares of Nexxen International in the 3rd quarter valued at approximately $43,000. Finally, State of Tennessee Department of Treasury increased its holdings in shares of Nexxen International by 470.3% in the second quarter. State of Tennessee Department of Treasury now owns 32,874 shares of the company’s stock valued at $342,000 after purchasing an additional 27,110 shares during the period. 54.24% of the stock is owned by institutional investors and hedge funds.

About Nexxen International

Tremor International Ltd provides end-to-end software platform that enables advertisers to reach relevant audiences and publishers. The company's demand side platform (DSP) offers full-service and self-managed marketplace access to advertisers and agencies to execute their digital marketing campaigns in real time across various ad formats. Its sell supply side platform (SSP) provides access to data and a comprehensive product suite to drive inventory management and revenue optimization. The company also offers data management platform solution, which integrates DSP and SSP solutions enabling advertisers and publishers to use data from various sources in order to optimize results of their advertising campaigns.