Financial Performance - Q3 2025 Contribution ex-TAC increased by 8% year-over-year, with programmatic revenue up by 10% year-over-year[18] - Excluding political contributions, Contribution ex-TAC grew by 14% and programmatic revenue grew by 15%[18] - CTV revenue reached $24.5 million in Q3 2025[18] - Adjusted EBITDA for Q3 2025 was $28.2 million, representing a 30% Adjusted EBITDA Margin[18] - Q3 2025 Non-IFRS Diluted EPS was $0.20[19] Liquidity and Capital Allocation - Net cash from operating activities in Q3 2025 was $35.8 million[19] - Cash and cash equivalents totaled $116.7 million as of September 30, 2025[19,20] - The company has $50 million undrawn on its revolving credit facility with no long-term debt[19] - Approximately 1.8 million shares were repurchased in Q3 2025, completing a $50 million share repurchase program and launching a new $20 million program[22] - The company invested an additional $20 million in VIDAA, with $15 million to be invested in Q3 2026[22] Future Outlook - The company updated its full year 2025 guidance, projecting Contribution ex-TAC between $350 million and $360 million and Adjusted EBITDA between $113 million and $117 million[24] - Programmatic revenue is expected to represent 95% of full year 2025 revenue[24]

Core Insights - Nexxen has launched a programmatic activation capability for native Smart TV advertising inventory, making it the first in the market to do so through its demand-side platform (DSP) [1][4][6] - Viewers spend an average of 10.5 minutes browsing content on Smart TV home screens, providing a significant opportunity for brands to engage with consumers during decision-making moments [2][5] - The new system streamlines the activation process for advertisers, allowing for real-time targeting and measurement of campaign outcomes [3][4] Company Overview - Nexxen is a global advertising technology platform that integrates data and advanced TV capabilities, offering a unified technology stack that includes both DSP and supply-side platform (SSP) [7] - The company aims to empower advertisers, agencies, publishers, and broadcasters by providing tools for discovery, planning, activation, monetization, measurement, and optimization [7] - Nexxen is headquartered in Israel and has a global presence with offices in the United States, Canada, Europe, and Asia-Pacific, and is publicly traded on NASDAQ under the ticker NEXN [8]

Financial Performance - Nexxen achieved a Contribution ex-TAC of $87.8 million, a 6% year-over-year increase[16, 17] - Programmatic revenue reached $85.0 million, up 8% year-over-year[17] - CTV revenue was $28.4 million, a 1% year-over-year increase[17] - Adjusted EBITDA increased by 12% year-over-year to $29.9 million[17, 26] - Adjusted EBITDA Margin was 34%, compared to 32% in Q2 2024[17] - Non-IFRS Diluted EPS was $0.29[18] - Net cash from operating activities was $17.4 million[18] - Cash and cash equivalents totaled $131.5 million as of June 30, 2025[18] Strategic Initiatives and Investments - Nexxen is investing an additional $35 million in VIDAA to accelerate their North American CTV expansion[8, 21] - Approximately 3.9 million shares were repurchased in Q2, representing an investment of approximately $39.1 million[21] Future Outlook - Nexxen reaffirms its full-year 2025 guidance, projecting Contribution ex-TAC of approximately $380 million and Adjusted EBITDA of approximately $125 million[22] - The company anticipates that 90% of its 2025 revenue will come from programmatic sources[22]