Slide 1: Nexxen First Quarter 2026 Earnings Call
Nexxen First Quarter 2026 Earnings Call MAY 13, 2026 © 2026 Nexxen International. All rights reserved. Confidential information of Nexxen.
Slide 2: Introduction to Speakers and Safe Harbor Statement
Introduction to Speakers and Safe Harbor Statement This presentation has been prepared by Nexxen International Ltd. (the "Company" or "Nexxen"). This presentation and the accompanying oral presentation contain forward-looking statements within the meaning of the Private Securities Litigation Reform
Slide 3: Strong Execution Against Strategic Priorities is Driving Results and Platform-Wide Momentum
Strong Execution Against Strategic Priorities is Driving Results and Platform-Wide Momentum PLATFORM CTV ENTERPRISE Enhancing platform’s Extending CTV leadership MOBILE IN-APP full-funnel performance through first-mover advantage Advancing enterprise and usability through in programmatic Smart TV Ex
Slide 4: DSP and Enterprise Go-to-Market Enhancements Fueling Adoption; Accelerating Long-Term Growth Opportunities
DSP and Enterprise Go-to-Market Enhancements Fueling Adoption; Accelerating Long-Term Growth Opportunities Launched redesigned AI-native UI, reducing onboarding and training timelines, accelerating spend ramp and lowering barriers to entry Deepened integration with Discovery, enabling audience insig
Slide 5: nexAI Acting as a Force Multiplier
nexAI Acting as a Force Multiplier nexAI combines data, machine learning, generative AI and agentic capabilities to deliver speed, performance and automation across the platform, building on our end-to-end advantage and positioning Nexxen for growth and leadership in the new era of AI-driven program
Slide 6: Nexxen TV Home Screen and Exclusive ACR Data Enhancing Differentiation
Nexxen TV Home Screen and Exclusive ACR Data Enhancing Differentiation and Expanding End-to-End CTV Revenue Growth Opportunities Smart TV Home Nexxen TV Home Screen removes prior Screen Advertising non-programmatic constraints, Via Direct Deals = enlarges the industry opportunity and is Limited Scal
Slide 7: Expanding Mobile In-App Partnerships Represent A Meaningful Growth Driver
Expanding Mobile In-App Partnerships Represent A Meaningful Growth Driver while Reinforcing AI Resilience and Enterprise Opportunities Mobile SDK Layer and others 3rd-Party DSPs Mobile revenue +18% y/o/y in Q1 with early signs of acceleration GROWING END-TO-END REVENUE OPPORTUNITIES Direct SDK integ
Slide 8: Nexxen's Execution, Innovation and Differentiation are Reinforcing the Growth Flywheel
Nexxen’s Execution, Innovation and • Better Performance Differentiation are • Enhanced Usability Reinforcing the • Differentiated Offerings • Stronger Value Proposition Growth Flywheel Increased Platform Greater Enterprise Integrated platform, unique CTV and data offerings and AI Reinvestment Adopti
Slide 9: Q1 2026 Financial Highlights
$84.5 M RECORD Q1 Contribution +13% y/o/y ex-TAC Q1 2026 $81.9 M RECORD Q1 Programmatic Financial +14% y/o/y Revenue Highlights $29.4 M RECORD Q1 CTV Revenue +12% y/o/y Record Q1 results driven by broad-based strength across $16.3 M Nexxen’s programmatic business Adjusted lines, highlighted by CTV,
Slide 10: $94.6 M Cash; $50 M undrawn revolving credit facility, no long-term debt
$94.6 M $0.06 Cash and Cash Equivalents Q1 2026 Non-IFRS as of 03/31/2026 Diluted EPS $50 M undrawn on Nexxen’s revolving credit facility alongside no long-term debt © 2026 Nexxen International. All rights reserved. Confidential information of Nexxen.
Slide 11: Capital Allocation
Capital Allocation Expect to invest an additional $15 M in V (formerly VIDAA) in Q3 2026 Expanding V Smart TV Footprint Increased Data Expanded Growing Benefits Equity Exclusivity Monetization for Nexxen and Upside Value Opportunities Shareholders Repurchased ~1.1 M shares in Q1 2026 (~40% of s/o fr
Slide 12: Raising Full Year 2026 Contribution ex-TAC and Programmatic Revenue Guidance
Raising Full Year 2026 Contribution ex-TAC and Programmatic Revenue Guidance; Reaffirming Adjusted EBITDA Guidance UPDATED FULL YEAR 2026 GUIDANCE PRIOR FULL YEAR 2026 GUIDANCE Contribution ex-TAC $382 - $397 M $375 - $390 M +10% Y/O/Y GROWTH (1) +8% y/o/y growth ( 1 ) Programmatic Revenue $374 - $3
Slide 13: Thank you
Thank you © 2026 Nexxen International. All rights reserved. Confidential information of Nexxen.
Slide 14: Appendix
Appendix © 2026 Nexxen International. All rights reserved. Confidential information of Nexxen.
Slide 15: Reconciliation of Total Comprehensive Income (Loss) to Adjusted EBITDA
Reconciliation of Total Comprehensive Income (Loss) to Adjusted EBITDA Three months ended March 31 2026 2025 % ($ in thousands) Total comprehensive income (loss) )5,457( 2,391 )328%( Foreign currency translation differences for foreign operations 142 (758) Tax expenses 100 2,876 Financial expense (i
Slide 16: Reconciliation of Revenue to Contribution ex-TAC
Reconciliation of Revenue to Contribution ex-TAC Three months ended March 31 2026 2025 % ($ in thousands) Revenue 86,842 78,330 11% Cost of revenue (exclusive of depreciation and amortization) (16,433) (11,199) Depreciation and amortization attributable to cost of revenue (13,294) (12,294) Gross pro
Slide 17: Reconciliation of Net Income (Loss) to Non-IFRS Net Income
Reconciliation of Net Income (Loss) to Non-IFRS Net Income Three months ended March 31 2026 2025 % ($ in thousands) Net income (loss) (5,315) 1,633 (425%) Amortization of acquired intangibles 5,877 5,870 Delisting related one-time costs - 1,520 Stock-based compensation expenses 4,813 2,900 Tax effec