Nexxen International (NEXN) Q3 2026 earnings summary

Executive summary

• Record Q3 Contribution ex-TAC, programmatic revenue and CTV revenue; adjusted EBITDA rose 22% YoY to $34.5M.

• Enterprise Contribution ex-TAC grew over 40% YoY, with stronger end-to-end platform use and strength in CTV, mobile in-app and data products.

• Agentic solutions, exclusive media and proprietary data position offerings for evolving programmatic advertising workflows.

Financial highlights

• Q3 revenue was $102.9M, up 9% YoY; Contribution ex-TAC was a record $100.3M, up 8%, and programmatic revenue was a record $97.8M, up 9%.

• Adjusted EBITDA rose 22% YoY to $34.5M; non-IFRS net income was $19.1M, up 59%, and non-IFRS diluted EPS was $0.32 versus $0.20.

• IFRS net income was $10.4M, up 148% YoY; operating profit was $12.7M, up 75%.

• Operating cash flow was $46.1M versus $35.8M in Q3 2025; cash and cash equivalents totaled $152.9M at September 30, 2026.

• Nine-month revenue rose 10% to $290.3M and programmatic revenue rose 12% to $275.0M; adjusted EBITDA was $78.4M, down 4% YoY.

Outlook and guidance

• FY 2026 guidance reaffirmed: Contribution ex-TAC $388M–$402M, programmatic revenue $380M–$393M, and adjusted EBITDA $122M–$132M.

• Guidance midpoint implies 12% YoY Contribution ex-TAC growth, 13% programmatic revenue growth, and 10% adjusted EBITDA growth with a 32% margin.

• Preliminary October results point to the strongest top-line month to date; record Q4 Contribution ex-TAC, programmatic revenue and CTV revenue are expected.

• Q4 adjusted EBITDA is expected to grow sequentially and YoY with margin expansion; most incremental Contribution ex-TAC is expected to flow through to adjusted EBITDA.

• Most platform workflows are expected to be executable through agentic solutions by end-Q1; investment continues in AI, data, CTV, mobile in-app, infrastructure and go-to-market.