Business
Nexxen Reports Fourth Quarter and Full Year 2025 Financial Results
Expanded into AI-resilient growth channels through enhanced mobile in-app capabilities and the release of Nexxen’s industry-first programmatic Smart TV home
About this update from Nexxen International Ltd.
[{"type":"text","content":"Expanded into AI-resilient growth channels through enhanced mobile in-app capabilities and the release of Nexxen’s industry-first programmatic Smart TV home screen ad activation solution, which is now integrated with V (formerly VIDAA) and The Trade Desk’s Ventura Ecosystem Launched expanded V partnership, strengthening Nexxen’s competitive advantages and differentiation while enhancing the Company’s long-term CTV and data revenue opportunities Guides to 2026 Contribution ex-TAC and programmatic revenue growth of approximately 8% and 10% at the midpoint; Q1 2026 Contribution ex-TAC and programmatic revenue to date have exceeded management’s initial expectations NEW YORK, March 04, 2026 (GLOBE NEWSWIRE) -- Nexxen International Ltd. (NASDAQ: NEXN) (“Nexxen” or the “Company”), a global, flexible advertising technology platform with deep expertise in data and advanced TV, announced today its financial results for the three and twelve months ended December 31, 2025. Q4 2025 Financial Highlights Contribution ex-TAC of $97.8 million, down 7% year-over-year (-1% excluding political)Programmatic revenue of $94.3 million, down 4% year-over-year (+2% excluding political)CTV revenue of $30.1 million, down 19% year-over-year (-12% excluding political)CTV revenue reflected 32% of programmatic revenue, compared to 38% in Q4 2024Programmatic revenue increased to 94% of revenue, from 88% in Q4 2024Adjusted EBITDA of $33.9 million, down 23% year-over-year, representing a 35% Adjusted EBITDA Margin on a Contribution ex-TAC basis (34% on a revenue basis), compared to 42% on a Contribution ex-TAC basis (39% on a revenue basis) in Q4 2024Video revenue represented 72% of programmatic revenue, compared to 75% in Q4 2024$133.3 million in cash and cash equivalents, no long-term debt and $50 million available under the Company’s undrawn revolving credit facility as of December 31, 2025 Full Year 2025 Financial Highlights Record Contribution ex-TAC of $353.1 million, up 3% year-over-year (+6% excluding political)Record programmatic revenue of $340.6 million, up 5% year-over-year (+8% excluding political)CTV revenue of $109.4 million, down 4% year-over-year (relatively flat excluding political)CTV revenue reflected 32% of programmatic revenue, compared to 35% in 2024Programmatic revenue increased to 93% of revenue, from 89% in 2024Adjusted EBITDA of $115.1 ...