Nexxen International Ltd. reports strong financial results for Q1 2025, showing growth in revenue and earnings.
From GlobeNewswire: 2025-05-14 07:30:00
Nexxen International Ltd. reported a record Q1 with a Contribution ex-TAC of $75.0 million, 40% CTV revenue growth, and a 95% increase in Adjusted EBITDA. The company simplified its trading structure, completed a $50 million share repurchase program, and launched a new $50 million program. An investor day is set for May 22, 2025.
Their financial guidance for 2025 includes approximately $380 million in Contribution ex-TAC, with programmatic revenue making up 90% of total revenue. Despite market uncertainties, Nexxen remains confident in its outlook, bolstered by ongoing support from clients. Investments in technology and Generative AI are expected to drive growth.
In Q1 2025, Nexxen saw increased trading volume and interest after streamlining to a single U.S. Ordinary Share listing. They added new advertiser and supply partners, enhanced TV offerings through partnerships, expanded globally with Tubi, and launched Nexxen U for media convergence education.
Share repurchase updates show Nexxen repurchased 3,666,864 Ordinary Shares in Q1 2025 and completed a $50 million program while starting a new ongoing $50 million program in April 2025. They repurchased 29.2% of outstanding shares since March 2022. The company plans to evaluate additional repurchase programs.
The financial results for Q1 2025 include a 5% increase in revenue, reaching $78.3 million, and a 10% increase in programmatic revenue, totaling $71.8 million. Adjusted EBITDA rose by 95% to $23.1 million, with a margin of 31%. Non-IFRS net income surged to $10.6 million, with diluted earnings per share at $0.16.
A webcast on May 14, 2025, will discuss the Q1 results. Nexxen empowers advertisers, agencies, publishers, and broadcasters worldwide with advanced TV and data solutions. Their technology stack includes a DSP, SSP, and Nexxen Data Platform, serving partners across various media goals. The company is headquartered in Israel and traded on Nasdaq.
Nexxen’s financial statements for Q1 2025 show a comprehensive income of $2.4 million, with revenue at $78.3 million and operating profit of $3.4 million. The balance sheet reveals $164.7 million in cash and cash equivalents and total assets of $751.6 million. Liabilities amount to $248.9 million, with shareholders’ equity at $502.7 million.
Read more at GlobeNewswire:: Nexxen Reports First Quarter 2025 Financial Results