Nexxen Raises Full-Year Revenue Guidance Again, Citing Strong Momentum Ahead of Investor Day
NEXN sits 66% above its 52-week low of $5.6.
Summary
Nexxen International has increased its full-year 2026 Contribution ex-TAC guidance to $385-$400 million and programmatic revenue guidance to $377-$391 million. This is the second time the company has raised its outlook this year, following a previous increase in May. The updated guidance, announced ahead of today's Investor Day, reflects strong momentum in key growth areas like CTV and mobile. While revenue expectations are higher, Adjusted EBITDA guidance remains unchanged due to continued strategic investments.
At the time of this announcement, NEXN was trading at $9.32 on NASDAQ in the Technology sector, with a market capitalization of approximately $484.2M. The 52-week trading range was $5.60 to $11.59. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.