Slide 1: Nexxen Fourth Quarter 2025 Earnings Call
Nexxen Fourth Quarter 2025 Earnings Call March 4, 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. These statements may relate to, but are not limited to: statem
Slide 3: Q1 Contribution ex-TAC and programmatic revenue trending ahead
Q1 Contribution ex-TAC and programmatic revenue to date are trending ahead of management’s initial expectations; Nexxen is well-positioned for success in 2026 and beyond © 2026 Nexxen International. All rights reserved. Confidential information of Nexxen.
Slide 4: Exclusive Smart TV data and media partnership with V
Exclusive Smart TV data and media partnership with V (formerly VIDAA) strengthens Nexxen’s differentiation and enhances its long-term CTV and data revenue opportunities Nexxen’s programmatic Smart TV home screen ad activation solution is fueling strategic partnerships with leading platforms across t
Slide 5: Strategic partnerships with leading mobile in-app players
Strategic partnerships with leading mobile in-app players and scaled in-app infrastructure are driving strong early results while supporting long-term growth, revenue diversification and resilience to AI-driven disruption © 2026 Nexxen International. All rights reserved. Confidential information of
Slide 6: nexAI is creating a differentiated AI advantage
DEMAND DATA SUPPLY PLATFORM PLATFORM PLATFORM Expanding nexAI DSP assistant Introducing nexAI to SSP to to include AI-driven QA and Integrating Discovery with Nexxen DSP optimize publisher performance campaign troubleshooting through nexAI so audience data flows and revenue directly into our buying
Slide 7: Nexxen Health, Sports and Political
NEXXEN HEALTH NEXXEN SPORTS POLITICAL Launched measurement, Released Nexxen Sports, Political advertising solutions optimization and first-to- positioning the Company position Nexxen to capture market Auto-Allocate for major events in 2026 spend during the 2026 U.S. capabilities in Nexxen and beyond
Slide 8: Nexxen's end-to-end model and data integration
END-TO-END EXCLUSIVE V MODEL PARTNERSHIP Nexxen’s end-to-end model, exclusive V partnership, Smart TV home screen solution, enhanced enterprise capabilities and platform-wide data and AI DATA & AI HOME SCREEN integration are driving growing INTEGRATION SOLUTION competitive advantages ENHANCED ENTERP
Slide 9: Q4 & FY 2025 Financial Highlights
Q4 & FY 2025 Financial Highlights Q4 results impacted by several factors including reduced spending from one large DSP customer and non-programmatic weakness, but Q1 Contribution ex-TAC and programmatic revenue to date have exceeded management’s initial expectations Q4 2025 FY 2025 $97.8 M $353.1 M
Slide 10: Cash Flow, Liquidity and EPS
Cash Flow, Liquidity and EPS $37.7 M $133.3 M $0.33 Q4 2025 Net Cash from Cash and Cash Equivalents Q4 2025 Non-IFRS Operating Activities as of 12/31/2025 Diluted EPS $50 Million undrawn on Nexxen’s revolving credit facility alongside no long-term debt © 2026 Nexxen International. All rights reserve
Slide 11: Capital Allocation and Investment in V (Formerly VIDAA)
Capital Allocation and Investment in V (Formerly VIDAA) V INVESTMENT PROVIDES PATHS TO FUTURE VALUE CREATION POTENTIAL INVESTMENT GAINS Repurchased 1.44 M shares in Q4 2025 (~38.5% of s/o from 3/1/22 – 12/31/25) Investing additional $15 million in V in Q3 2026; once deployed, Nexxen Nearing end of $
Slide 12: Full Year 2026 Guidance
Full Year 2026 Guidance Contribution ex-TAC $375 - $390 M Q1 Contribution ex-TAC and +8% y/o/y growth at the midpoint programmatic revenue to date have exceeded management’s initial expectations, driven by broad- based strength across Nexxen’s Programmatic Revenue $367 - $381 M programmatic business
Slide 13: Nexxen positioned for success in 2026 and beyond
Nexxen positioned for success in 2026 and beyond Greater platform capacity Enterprise focus V partnership and investment AI-resilient growth channel expansion Programmatic Smart TV home screen solution Major 2026 advertising events Expanded relationships with Platform-wide data and leading platforms
Slide 14: Thank you
Thank you © 2026 Nexxen International. All rights reserved. Confidential information of Nexxen.
Slide 15: Appendix
Appendix © 2026 Nexxen International. All rights reserved. Confidential information of Nexxen.
Slide 16: Reconciliation of Total Comprehensive Income to Adjusted EBITDA
Reconciliation of Total Comprehensive Income to Adjusted EBITDA Three months ended December 31 Twelve months ended December 31 2025 2024 % 2025 2024 % ($ in thousands) Total comprehensive income 10,411 23,279 (55%) 27,867 35,402 (21%) Foreign currency translation differences for foreign operations 1
Slide 17: Reconciliation of Revenue to Contribution ex-TAC
Reconciliation of Revenue to Contribution ex-TAC Three months ended December 31 Twelve months ended December 31 2025 2024 % 2025 2024 % ($ in thousands) Revenue 100,711 112,284 (10%) 364,780 365,477 0% Cost of revenue (exclusive of depreciation and amortization) (15,461) (17,068) (54,979) (61,020) D
Slide 18: Reconciliation of Net Income to Non-IFRS Net Income
Reconciliation of Net Income to Non-IFRS Net Income Three months ended December 31 Twelve months ended December 31 2025 2024 % 2025 2024 % ($ in thousands) Net income 10,536 24,854 (58%) 25,043 35,437 (29%) Amortization of acquired intangibles 5,914 5,409 23,616 23,359 Delisting related one-time cos