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Nexxen International
Nexxen International (NEXN) investor relations material
Nexxen International Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary4 Mar, 2026
Executive summary
Met updated full-year 2025 guidance and entered 2026 with record early performance, driven by infrastructure investments, expanded partnerships in CTV and mobile in-app channels, and AI-driven innovations.
Strategic focus on enterprise solutions, exclusive Smart TV on-screen partnerships, and platform-wide data integration to drive durable, diversified revenue.
More than doubled enterprise customer base in 2025, with contribution ex-TAC per active customer rising to ~$563K.
Positioned to benefit from major 2026 advertising events, including the Winter Olympics, FIFA World Cup, and U.S. midterm elections.
Launched new verticals in health and sports, and expanded curated marketplace and data partnerships.
Financial highlights
Q4 2025 Contribution ex-TAC was $97.8M, down 7% year-over-year (1% decrease ex-political); programmatic revenue was $94.3M, down 4% year-over-year but up 2% ex-political.
Full year 2025 Contribution ex-TAC: $353.1M, up 3% year-over-year (6% ex-political); programmatic revenue: $340.6M, up 5% year-over-year (8% ex-political).
CTV revenue declined 19% year-over-year in Q4 (12% ex-political) to $30.1M; full year CTV revenue was $109.4M, down 4% year-over-year.
Adjusted EBITDA for Q4 was $33.9M (35% margin); full year Adjusted EBITDA was $115.1M (33% margin).
Net income for 2025: $25.0M, down 29% year-over-year; non-IFRS diluted EPS: $0.98, up 5% year-over-year.
Outlook and guidance
2026 guidance: Contribution ex-TAC of $375M–$390M (8%+ growth at midpoint), programmatic revenue of $367M–$381M (10% growth at midpoint), Adjusted EBITDA $122M–$132M (33% margin at midpoint).
Q1 2026 Contribution ex-TAC and programmatic revenue to date have exceeded initial expectations.
Growth expected across enterprise self-service, data products, and CTV, supported by expanded V partnership and Smart TV home screen solution.
Programmatic revenue mix to increase as non-programmatic lines are de-emphasized.
Operating expenses as a percentage of Contribution ex-TAC to decrease modestly; R&D stable; G&A and stock-based compensation to rise slightly.
Scaling the programmatic Smart TV home screen
Resilience of mobile in-app to AI disruption
Doubling SSP capacity and monetization impact
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Next Nexxen International earnings date
Q1 202613 May, 2026
Nexxen International
Next Nexxen International earnings date
Q1 202613 May, 2026
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Frequently asked questions
Nexxen International Ltd. (formerly Tremor International Ltd.) provides an innovative platform that enables advertisers to reach relevant and engaged audiences at scale across TV, Online, Mobile and Connected Devices. Through a combination of in-house expertise and strategic partnerships, the Tremor Video platform provides advertisers with an end-to-end solution that is defining how video advertising is bought and sold, allowing both buyers and sellers to manage their transactions in the most efficient way possible. Tremor International Ltd. was incorporated in 2007 and is headquartered in Tel Aviv-Yafo, Israel.
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