Nexxen sees FY25 contribution ex-TAC $380M

Nexxen (NEXN) reaffirms its prior full year 2025 financial guidance: Full year 2025 Contribution ex-TAC of approximately $380 million; Full year 2025 programmatic revenue to reflect approximately 90% of full year 2025 revenue; Full year 2025 Adjusted EBITDA of approximately $125 million. While the broader advertising market is experiencing softness in Q2 amid economic uncertainty and evolving U.S. trade policies, the Company remains confident in its full year 2025 guidance, contingent upon no significant deterioration in macroeconomic or advertising conditions. This confidence is supported by strong, ongoing support from Nexxen’s clients and partners. Though the Company remains confident in its full year 2025 guidance based on current visibility and spending trends observed to this point in Q2, it also acknowledges the dynamic nature of the advertising landscape and that additional macroeconomic shocks, tariff impacts or policy shifts could materially affect market sentiment, consumer behavior and advertising demand. Management expects to continue investments in technology, data and Generative AI throughout 2025 to advance the usability, interconnectivity and performance of Nexxen’s platform. These investments are expected to strengthen the Company’s competitive advantages, drive greater wallet share from customers, attract new partners and accelerate Nexxen’s growth opportunity.