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Investing.com -- Nexxen International Ltd. (NASDAQ:NEXN) reported second-quarter revenue that exceeded analyst expectations, driven by increased data and technology licensing revenue, sending its shares soaring 7.2% in trading.
The advertising technology platform posted revenue of $90.95 million for the second quarter, surpassing the consensus estimate of $87.32 million and representing a 3% increase YoY. However, earnings per share came in at $0.14, falling short of analysts’ expectations of $0.19. The company achieved record programmatic revenue of $85 million, up 8% YoY, with programmatic now accounting for 93% of total revenue compared to 89% in the same period last year.
"We achieved strong Q2 results driven by increased data and tech licensing revenue, highlighting the resilience and diversity of our end-to-end platform’s offerings," said Ofer Druker, Chief Executive Officer of Nexxen.
The company reported Adjusted EBITDA of $29.9 million, a 12% increase from the previous year, representing a 34% margin on a Contribution ex-TAC basis. Connected TV (CTV) revenue reached $28.4 million, up 1% YoY, comprising 33% of programmatic revenue compared to 36% in Q2 2024.
Despite noting that macroeconomic uncertainty from Q2 is extending into Q3, Nexxen reaffirmed its full-year 2025 guidance, projecting Contribution ex-TAC of approximately $380 million and Adjusted EBITDA of about $125 million.
The company recently launched nexAI, a suite of AI-powered assistants and features integrated across its platform. Additionally, Nexxen renewed and expanded its strategic partnership with VIDAA in the third quarter, increasing its investment by $35 million to accelerate VIDAA’s North American CTV expansion.
As of June 30, 2025, Nexxen maintained a strong financial position with $131.5 million in cash and cash equivalents, no long-term debt, and $50 million undrawn on its revolving credit facility.
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