Nexxen International (NASDAQ:NEXN) Announces Earnings Results, Beats Expectations 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 net margin of 3.41% and a return on equity of 7.03%. The business had revenue of $102.93 million during the quarter, compared to analyst estimates 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 Trading Up 12.1%

Shares of NASDAQ NEXN traded up $1.09 during mid-day trading on Thursday, hitting $10.14. The stock had a trading volume of 831,793 shares, compared to its average volume of 391,143. The business has a 50 day moving average price of $8.98 and a two-hundred day moving average price of $8.33. Nexxen International has a 1 year low of $5.60 and a 1 year high of $11.30. The firm has a market cap of $577.76 million, a P/E ratio of 45.82 and a beta of 1.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.26 and a current ratio of 1.26.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Nexxen International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Royal Bank Of Canada lifted their price objective on shares of Nexxen International from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Needham & Company LLC upped their target price on shares of Nexxen International from $10.50 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Canaccord Genuity Group increased their target price on Nexxen International from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Zacks Research downgraded Nexxen International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 22nd. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $12.89.

Insider Buying and Selling

In other Nexxen International news, Director Daniel Kerstein sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $10.38, for a total transaction of $114,180.00. Following the completion of the transaction, the director owned 34,678 shares of the company’s stock, valued at $359,957.64. This represents a 24.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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.