Nexxen International (NASDAQ:NEXN) Releases Earnings Results, Beats Estimates By $0.02 EPS

Nexxen International (NASDAQ:NEXN) announced its earnings results on Thursday. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02, FiscalAI reports. Nexxen International had a return on equity of 7.03% and a net margin of 3.41%. The company had revenue of $102.93 million for the quarter, compared to analysts’ expectations of $100.14 million.

Here are the key takeaways from Nexxen International’s conference call:

• Positive Sentiment: Nexxen reported record Q3 Contribution ex-TAC of $100.3 million, up 8% year over year, and record programmatic revenue of $97.8 million, up 9%. Adjusted EBITDA rose 22% to $34.5 million, with margin expanding to 34%.
• Positive Sentiment: CTV revenue increased 39% to a record $34.1 million, while enterprise Contribution ex-TAC grew more than 40% and mobile revenue rose 9%. Management expects Q4 to set new company records for CTV, Contribution ex-TAC, and programmatic revenue.
• Positive Sentiment: Nexxen said its Home Screen programmatic offering is beginning to generate revenue in Q4, with broader growth expected in 2027 and beyond. The company also cited early customer testing of its AI agents and plans to make most platform workflows executable through agentic solutions by the end of Q1.
• Negative Sentiment: Desktop revenue fell 29%, and management expects continued pressure on desktop and mobile web as activity shifts to CTV and mobile in-app. The company reaffirmed full-year 2026 guidance but cited market and geopolitical volatility as reasons for maintaining a wide Q4 outlook range.

Nexxen International Stock Performance

Shares of NEXN traded up $0.25 on Friday, reaching $10.46. 353,167 shares of the company’s stock traded hands, compared to its average volume of 393,957. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.05. The stock has a market cap of $595.76 million, a PE ratio of 47.39 and a beta of 1.65. The stock’s 50 day simple moving average is $8.98 and its two-hundred day simple moving average is $8.35. Nexxen International has a 52-week low of $5.60 and a 52-week high of $11.30.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NEXN shares. Scotiabank raised their price objective on Nexxen International from $11.00 to $13.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 13th. Royal Bank Of Canada upped their target price on shares of Nexxen International from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday. Wall Street Zen upgraded shares of Nexxen International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. BTIG Research reiterated a “buy” rating and issued a $13.00 target price on shares of Nexxen International in a report on Wednesday, October 21st. Finally, Needham & Company LLC raised their price target on shares of Nexxen International from $10.50 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $13.00.

Insiders Place Their Bets

In other Nexxen International news, Director Daniel Kerstein sold 11,000 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $10.38, for a total value of $114,180.00. Following the transaction, the director owned 34,678 shares of the company’s stock, valued at approximately $359,957.64. The trade was a 24.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Key Headlines Impacting Nexxen International

Here are a few of the latest headlines about NEXN:

• Positive Sentiment: Royal Bank of Canada raised its price target to $14 from $13 and maintained an “outperform” rating, implying substantial upside from the share price cited in the report. Royal Bank of Canada ratings
• Positive Sentiment: Nexxen posted record third-quarter results: adjusted EPS of $0.32 beat the $0.30 consensus, while revenue of $102.93 million exceeded the $100.14 million estimate. CTV revenue grew 39% year over year, and adjusted EBITDA increased 22%. Nexxen Q3 results
• Neutral Sentiment: 2026 revenue guidance is $388 million to $402 million. The midpoint is below analysts’ $399.4 million estimate, though the range includes that forecast. Nexxen earnings report

About Nexxen International

Nexxen International Ltd. is an advertising technology company that connects advertisers and media owners through software for planning, buying, selling and measuring digital advertising. Its platform supports campaigns across connected television, online video and mobile channels. The company offers demand-side tools for advertisers, supply-side tools for publishers and media owners, and data solutions intended to help target and evaluate campaigns. Nexxen serves customers in multiple markets, including North America, Europe and Asia-Pacific.