Slide 1: Nexxen Third Quarter 2025 Earnings Call
Nexxen Third Quarter 2025 Earnings Call November 13, 2025 © 2025 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. These statements may relate to, but are not limited to: statem
Slide 3: Differentiated value proposition for enterprise customers
Nexxen is creating a differentiated value proposition for enterprise customers through its interconnected self-service DSP, proprietary data, programmatic Smart TV innovations and expanding CTV and omnichannel media footprint — setting the stage for long-term growth © 2025 Nexxen International. All
Slide 4: Nexxen's DSP now rivals top standalone DSPs
Nexxen’s DSP now rivals top standalone DSPs through the strength of its technology and the data, AI and media engines that power it — positioning the Company for greater enterprise adoption, end-to-end revenue growth and resilience amid evolving industry trends DEMAND DATA SUPPLY PLATFORM PLATFORM P
Slide 5: Renewed and Expanded Strategic Partnership Through 2029
Renewed and Expanded Strategic Partnership Through 2029 Exclusive CTV media and data create a durable advantage — cementing Nexxen as a foundational targeting and measurement data provider, fueling programmatic Smart TV ad innovation and positioning the Company to drive greater end-to-end spend, new
Slide 6: Launched first-to-market programmatic Smart TV home screen ad activation solution
Launched first-to-market programmatic Smart TV Creates exclusive, high-attention opportunities for home screen ad activation solution, providing direct advertisers unavailable anywhere else that command programmatic access to scaled native Smart TV premium pricing, and initial interest has been stro
Slide 7: Addressing Near-Term Challenges with Confidence and Enhancing Long-Term Growth Opportunity
Addressing Near-Term Challenges with Confidence and Enhancing Long-Term Growth Opportunity Shifting resources to DSP, data platform and nexAI to drive greater enterprise adoption, stronger end-to-end revenue opportunities and reduced reliance on third-party DSPs Insulating against disruptive open in
Slide 8: Well-positioned to navigate near-term challenges and drive long-term growth
Nexxen is well-positioned to navigate near-term challenges and drive long-term platform growth through growing enterprise adoption, driven by the strength of its advanced end-to-end technology and exclusive data, media and programmatic Smart TV offerings © 2025 Nexxen International. All rights reser
Slide 9: Q3 2025 Financial Highlights
+8% Y/o/Y Contribution ex-TAC (+14% ex-political) Growth Q3 2025 +10% Y/o/Y Programmatic Revenue (+15% ex-political) Growth Financial $24.5 M CTV Highlights Revenue Generated record Q3 Contribution ex-TAC and programmatic revenue $28.2 M Adjusted EBITDA driven by self-service, data products and omni
Slide 10: Cash Flow, Liquidity and EPS
Cash Flow, Liquidity and EPS $35.8 M $116.7 M $0.20 Q3 2025 Net Cash from Cash and Cash Equivalents Q3 2025 Non-IFRS Operating Activities as of 09/30/2025 Diluted EPS* $50 Million undrawn on Nexxen’s revolving credit facility alongside no long-term debt *Non-IFRS Diluted EPS shown on a post-reverse-
Slide 11: Capital Allocation Updates
Capital Allocation Updates • ~1.8 M shares repurchased in Q3 • Completed $50 million share repurchase program and launched new $20 million program • Repurchased ~36.6% of s/o from March 1, 2022 through September 30, 2025 • Invested additional $20 million in VIDAA ($15 million to be invested in Q3 20
Slide 12: Updating Full Year 2025 Guidance
Updating Full Year 2025 Guidance $350 – $360 M $113 – $117 M 95% FY 2025 Contribution ex-TAC FY 2025 Adjusted EBITDA 2025 Programmatic Revenue as a % of FY 2025 Revenue © 2025 Nexxen International. All rights reserved. Confidential information of Nexxen.
Slide 13: Thank you
Thank you © 2025 Nexxen International. All rights reserved. Confidential information of Nexxen.
Slide 14: Appendix
Appendix © 2025 Nexxen International. All rights reserved. Confidential information of Nexxen.
Slide 15: Reconciliation of Total Comprehensive Income to Adjusted EBITDA
Reconciliation of Total Comprehensive Income to Adjusted EBITDA Three months ended September 30 Nine months ended September 30 2025 2024 % 2025 2024 % ($ in thousands) Total comprehensive income 3,809 16,485 (77%) 17,456 12,123 44% Foreign currency translation differences for foreign operation 399 (
Slide 16: Reconciliation of Revenue to Contribution ex-TAC
Reconciliation of Revenue to Contribution ex-TAC Three months ended September 30 Nine months ended September 30 2025 2024 % 2025 2024 % ($ in thousands) Revenue 94,791 90,184 5% 264,069 253,193 4% Cost of revenue (exclusive of depreciation and amortization) (16,262) (13,857) (39,518) (43,952) Deprec
Slide 17: Reconciliation of Net Income to Non-IFRS Net Income
Reconciliation of Net Income to Non-IFRS Net Income Three months ended September 30 Nine months ended September 30 2025 2024 % 2025 2024 % ($ in thousands) Net income 4,208 14,541 (71%) 14,507 10,583 37% Amortization of acquired intangibles 5,920 3,851 17,702 17,950 Delisting related one-time costs