Nexxen International (NEXN) Q2 2026 earnings summary

Executive summary

• Achieved record Q2 2026 results, with Contribution ex-TAC of $97.8M (up 11% YoY), programmatic revenue of $95.2M (up 12% YoY), and all-time high CTV revenue of $37.8M (up 33% YoY), driving a third upward revision of FY 2026 guidance.

• Investments in platform, AI (nexAI, MCP, A2A), and go-to-market execution accelerated enterprise adoption and platform utilization.

• Programmatic revenue now represents 95% of total, with CTV at 40% and video at 70% of programmatic revenue.

• Strategic leadership changes and promotions made to support the next phase of growth.

• Initiated wind-down of non-programmatic influencer marketing business, Rhythm Influence, to focus on core programmatic growth.

Financial highlights

• Q2 2026 Contribution ex-TAC: $97.8M (up 11% YoY); programmatic revenue: $95.2M (up 12% YoY); total revenue: $100.5M (up 11% YoY).

• CTV revenue reached a record $37.8M (up 33% YoY); mobile revenue grew 23% YoY.

• Adjusted EBITDA: $27.6M (28% margin on Contribution ex-TAC), down 8% YoY.

• Operating cash flow: $61.3M in Q2; cash and equivalents at $132M, with $50M undrawn credit facility and no long-term debt.

• Non-IFRS diluted EPS: $0.23 (down from $0.29 YoY); net income: $3.6M (down 58% YoY).

Outlook and guidance

• Full-year 2026 Contribution ex-TAC guidance raised to $388M–$402M (12% YoY growth at midpoint).

• Programmatic revenue guidance increased to $380M–$393M (13% YoY growth at midpoint).

• Adjusted EBITDA guidance reaffirmed at $122M–$132M (10% YoY growth, 32% margin at midpoint).

• H2 2026 growth expected from enterprise engagement, CTV, mobile, data products, and U.S. midterm elections.