Shares of Nexxen International Ltd. (NASDAQ:NEXN) jumped 7.2% on Wednesday after the company posted second-quarter revenue that beat Wall Street expectations, powered by robust growth in data and technology licensing.
The advertising technology firm reported revenue of $90.95 million, topping analysts’ consensus estimate of $87.32 million and marking a 3% year-over-year increase. Earnings per share, however, came in at $0.14, missing the projected $0.19.
Nexxen also achieved record programmatic revenue of $85 million, up 8% from a year earlier, with programmatic now representing 93% of total revenue compared with 89% in the same quarter of 2024.
“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.
Adjusted EBITDA rose 12% year-over-year to $29.9 million, translating to a 34% margin on a Contribution ex-TAC basis. Connected TV (CTV) revenue reached $28.4 million, up 1% from the prior year, accounting for 33% of programmatic revenue versus 36% in the year-ago period.
Although the company acknowledged that the macroeconomic headwinds experienced in Q2 are carrying into Q3, it reaffirmed its full-year 2025 outlook. Nexxen continues to expect approximately $380 million in Contribution ex-TAC and about $125 million in Adjusted EBITDA for the year.
During the quarter, Nexxen rolled out nexAI, a suite of AI-powered tools and assistants integrated across its platform. It also renewed and expanded its strategic partnership with VIDAA, committing an additional $35 million to accelerate the brand’s connected TV growth in North America.
Nexxen International stock price
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