Nexxen 2Q adj. EBITDA $27.6M, est. $25.2M

Nexxen International Ltd. reported adjusted EBITDA of $27.6 million for the second quarter of 2026, exceeding the estimated range of $25.2 million. This represents a notable improvement compared to the same period in previous years, reflecting the company's ongoing efforts to streamline operations and enhance profitability. The increase in adjusted EBITDA is attributed to higher contribution ex-TAC and cost efficiencies.

For the second quarter of 2026, Nexxen's contribution ex-TAC reached $80.2 million, demonstrating a 13% year-over-year increase. This growth was driven by strong performance in programmatic and CTV revenue streams, which continue to represent a significant portion of the company's overall revenue. Programmatic revenue for the quarter stood at $76.3 million, reflecting a 26% increase compared to the same period in 2022.

The company's strategic rebranding to Nexxen has also contributed to improved operational efficiency and customer adoption of its unified technology ecosystem. The integration of Amobee into the Nexxen DSP has enhanced data-driven advertising and cross-platform campaign management. These developments have positioned Nexxen to better compete in the evolving digital advertising landscape.

Looking ahead, Nexxen expects continued growth in contribution ex-TAC and programmatic revenue for the remainder of 2026, with a focus on expanding its enterprise solutions. The company remains committed to optimizing its cost structure and improving profitability, despite ongoing macroeconomic challenges impacting advertising demand.

Nexxen's financial performance underscores its position as a key player in the advertising technology sector, with a strong balance sheet and a clear strategic direction. As the company continues to execute on its growth initiatives, it is well-positioned to capitalize on opportunities in the CTV and digital advertising markets.