TREMOR INTERNATIONAL LIMITED ( (NEXN) ) has released its Q3 earnings. Here is a breakdown of the information TREMOR INTERNATIONAL LIMITED presented to its investors.
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Nexxen International Ltd., a global advertising technology platform specializing in data and advanced TV solutions, recently released its financial results for the third quarter of 2025, showcasing significant developments in its strategic partnerships and financial performance.
The company reported record third-quarter programmatic revenue and Contribution ex-TAC, driven by omnichannel growth and increased enterprise DSP adoption. However, there was a notable decline in CTV revenue, reflecting a shift in revenue composition. Nexxen also renewed and expanded its strategic partnership with VIDAA, securing exclusive ad monetization rights and investing an additional $35 million to enhance its CTV reach.
Key financial metrics revealed a mixed performance, with an 8% year-over-year increase in Contribution ex-TAC to $92.6 million and a 10% rise in programmatic revenue to $89.6 million. Despite these gains, Adjusted EBITDA fell by 11% to $28.2 million, and the company experienced a significant drop in net income margin. Nexxen completed a $50 million share repurchase program and initiated a new $20 million program, reflecting its commitment to shareholder value.
Looking ahead, Nexxen has lowered its full-year 2025 financial guidance due to challenges in its open and private marketplace channels. The company is actively shifting resources to enhance its DSP and data platform, aiming to strengthen resilience against industry disruptions and capitalize on future growth opportunities. Management remains optimistic about Nexxen’s long-term prospects, expecting it to emerge as a more strategic platform in 2026 and beyond.