Record Q2 performance: Contribution ex-TAC rose 11% year over year to $97.8 million, while programmatic revenue increased 12% to $95.2 million. CTV revenue jumped 33% to a record $37.8 million, supported by strong mobile and data-product growth. Outlook raised: Nexxen increased its 2026 contribution ex-TAC guidance to $388 million–$402 million and programmatic revenue guidance to $380 million–$393 million, while maintaining adjusted EBITDA guidance of $122 million–$132 million.
Expansion in CTV, enterprise and AI: Enterprise spending grew more than 25%, and Nexxen expects its TV Home Screen product to contribute more meaningfully beginning in Q4 and throughout 2027. The company is continuing investments in AI and data infrastructure, plans to invest another $50 million in VIDAA, and is evaluating acquisitions while winding down its influencer-marketing business. Nexxen International (NASDAQ:NEXN) reported record second-quarter results for the period ended June 30, 2026, led by growth in connected television, mobile and data products, while raising its full-year outlook for contribution ex-TAC and programmatic revenue.
Chief Executive Officer Ofer Druker said the company's performance exceeded consensus estimates and included its strongest quarterly CTV revenue result to date. He attributed the momentum to investments in the company's integrated platform, AI capabilities and enterprise go-to-market efforts. → SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat "Our outperformance enabled us to raise our full-year contribution ex-TAC and programmatic revenue guidance for the third time this year," Druker said, adding that enterprise customers have been increasing spending and adopting more of Nexxen's products. Chief Financial Officer Sagi Niri said second-quarter contribution ex-TAC, a non-IFRS measure, rose 11% year over year to a record $97.8 million.
Programmatic revenue increased 12% to a second-quarter record of $95.2 million. CTV revenue increased 33% year over year to a record $37.8 million. Contribution ex-TAC from data products increased 46%, while CMPs and display rose 23% and 18%, respectively.
Desktop revenue declined 13% year over year. Adjusted EBITDA was $27.6 million, representing a 28% margin on contribution ex-TAC. Operating cash flow totaled $61.3 million, compared with $17.4 million in the prior-year quarter. → AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be Niri said results were supported by CTV, mobile, data products and display, along with growth in entertainment, automotive and health advertising verticals.
He also cited declines in desktop and non-programmatic business lines, as well as softness in travel. Non-IFRS diluted earnings per share were $0.23, compared with $0.29 in the second quarter of 2025. Nexxen ended June with $132 million in cash and cash equivalents, carried no debt, and had an additional $50 million available under its revolving credit facility, according to Niri. → First Solar's Profit Engine Faces a New Policy Test in Washington Druker said CTV growth was broad-based and stemmed largely from improved execution, additional demand sources, enterprise customer activity and expanded relationships with CTV partners.
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