Nexxen Sets 2026 Guidance After Record Start to the Year

Early traction from a programmatic TV home‑screen launch signals the payoff from last year’s platform buildout.

Overview

Nexxen reported its strongest January and February on record, with programmatic revenue and contribution ex‑TAC tracking ahead of initial expectations.
The company guided 2026 contribution ex‑TAC to $375–$390 million, programmatic revenue to $367–$381 million, and adjusted EBITDA to $122–$132 million.
Management said SSP capacity roughly doubled in H2 2025 and unveiled a programmatic Smart TV on‑screen product with V and The Trade Desk, alongside a push into enterprise offerings with deeper AI integration.
Q4 showed mixed trends as programmatic revenue declined modestly and CTV softened, while data products contribution ex‑TAC rose about 51%.
Nexxen ended the period with $133.3 million in cash and no long‑term debt, continued share repurchases, and plans an additional $50 million investment in V to reach roughly 6% ownership.