Nexxen Posts Record Q2: Programmatic Revenue Up 12%, Raises Full-Year Guidance
NEXN sits 83% above its 52-week low of $5.6.
Summary
Nexxen delivered record Q2 results with programmatic revenue jumping 12% to $95.2 million, EPS of $0.06, and adjusted EBITDA of $27.6 million. The company raised its full-year Contribution ex-TAC and programmatic revenue guidance above the June 16 forecast, while reaffirming adjusted EBITDA guidance. This follows a pattern of upward revisions — the June guidance raise was already a positive signal, and these actual quarterly numbers confirm the momentum. The strong top-line growth and maintained profitability outlook suggest the ad-tech platform is gaining share. The recent auditor change to EY adds a governance overhang, but the operational beat is the dominant signal today.
At the time of this announcement, NEXN was trading at $10.25 on NASDAQ in the Technology sector, with a market capitalization of approximately $584M. The 52-week trading range was $5.60 to $11.13. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.