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NEXN

Nexxen International Ltd.

NEXN

Nexxen International Ltd. • NASDAQ
$6.47 ▲ 0.15% (+0.01)
Market Cap $198.65 M
52w High $12.60
52w Low $6.08
Dividend Yield 0%
P/E 6.34
Volume 163.29K
Outstanding Shares 30.70M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $94.791M ▲ $55.176M ▼ $4.208M ▼ 4.439% ▼ $0.15 ▼ $25.297M ▲
Q2-2025 $90.948M ▲ $70.187M ▲ $8.666M ▲ 9.529% ▲ $0.28 ▲ $24.285M ▲
Q1-2025 $78.33M ▼ $48.415M ▼ $1.633M ▼ 2.085% ▼ $0.051 ▼ $20.486M ▼
Q4-2024 $112.284M ▲ $70.46M ▲ $24.854M ▲ 22.135% ▲ $0.7 ▲ $40.046M ▲
Q3-2024 $90.184M $60.065M $14.541M 16.124% $0.44 $30.74M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $116.728M ▼ $747.734M ▲ $276.812M ▲ $470.922M ▼
Q2-2025 $131.459M ▼ $740.874M ▼ $260.585M ▲ $480.289M ▼
Q1-2025 $164.712M ▼ $751.641M ▼ $248.915M ▼ $502.726M ▼
Q4-2024 $187.068M ▲ $840.513M ▲ $309.659M ▲ $530.854M ▲
Q3-2024 $166.535M $810.072M $286.177M $523.895M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $4.208M ▼ $38.881M ▲ $-30.432M ▼ $-26.634M ▲ $-14.731M ▲ $34.195M ▲
Q2-2025 $8.666M ▲ $17.356M ▼ $-6.995M ▼ $-45.753M ▼ $-33.253M ▼ $14.588M ▼
Q1-2025 $1.633M ▼ $19.275M ▼ $-5.824M ▲ $-35.93M ▼ $-22.356M ▼ $17.001M ▼
Q4-2024 $24.854M ▲ $52.621M ▲ $-7.124M ▼ $-23.69M ▼ $20.533M ▲ $48.735M ▲
Q3-2024 $14.541M $39.912M $-4.524M $-21.771M $14.675M $34.954M

Five-Year Company Overview

Income Statement

Income Statement Nexxen’s income statement shows a business that has moved from early volatility toward more stable, profitable operations. Revenue has grown from a much smaller base a few years ago and, while not explosive, has been steadily inching higher. Profitability has improved: gross profits have kept pace with revenue, and the company has turned a prior-year loss into a solid profit more recently. Operating profit and EBITDA have remained positive in most years, suggesting the core business model is working, with only a brief dip into loss-making territory. Earnings per share have been choppy, which is common around a SPAC listing and integration phase, but the recent trend is toward healthier, more consistent profit per share.

Balance Sheet

Balance Sheet The balance sheet looks relatively solid and conservative. The company holds a meaningful cash cushion compared with its overall size, which provides flexibility and a buffer against downturns in ad spending. Debt levels are low and have actually come down from a prior peak, reducing financial risk and interest burden. Equity has been broadly stable to slightly rising, signaling that the business has not been burning through shareholder capital. Overall, Nexxen appears to be funded mainly by equity with modest leverage, which is generally a safer posture in a cyclical industry like advertising technology.

Cash Flow

Cash Flow Cash flow is a clear strength. Nexxen has generated positive operating cash flow each year, even when accounting profits were under pressure. Free cash flow has also been consistently positive, supported by relatively low capital spending needs, which is typical for a software and data-driven business. This means the company is bringing in more cash than it needs to maintain and modestly grow its platform, giving it room to invest in new products, pursue partnerships, or shore up the balance sheet without constantly relying on external financing.

Competitive Edge

Competitive Edge Nexxen operates in a very competitive ad-tech space, but it has carved out a differentiated position. Its key advantage is a unified platform that connects both the demand side and the supply side of digital advertising, which can lower complexity and improve efficiency for customers. Exclusive data partnerships—especially access to viewing data from major smart TV ecosystems—give it a unique window into how audiences consume content, particularly in Connected TV. This data, combined with its integrated tools, forms a meaningful moat. However, the company still competes against much larger and well-funded players, and the ad-tech market is fast-moving and sensitive to changes in privacy rules, regulation, and advertiser budgets. Maintaining and growing share will depend on continued execution and visible performance advantages for clients.

Innovation and R&D

Innovation and R&D Innovation is at the heart of Nexxen’s strategy. The company is leaning heavily into artificial intelligence, with its nexAI suite embedded across planning, activation, optimization, and measurement. This AI layer aims to turn complex audience and campaign data into practical recommendations, saving time for advertisers and improving campaign outcomes. Its data platform, curated marketplaces, and TV Intelligence tools are all designed to help clients navigate fragmented viewing habits, especially in Connected TV, and better monetize first-party and partner data. The company’s exclusive smart TV data sources give it raw material for differentiated AI models and analytics. The main risks are execution and adoption: Nexxen needs to demonstrate that these tools deliver clear, measurable value versus competing solutions, and that its innovation pace keeps up with a crowded, fast-evolving field.

Summary

Overall, Nexxen looks like a company transitioning from an earlier, more volatile SPAC and build-out phase into a more mature, cash-generative ad-tech business. The income statement now reflects stable profitability, the balance sheet is reasonably strong with low debt and good cash reserves, and cash flow is consistently positive. Strategically, its integrated platform, AI capabilities, and exclusive smart TV data position it well in the growing Connected TV and data-driven advertising markets. At the same time, it operates in a highly competitive, cyclical industry where technology, privacy, and media consumption patterns can shift quickly. Future performance will hinge on Nexxen’s ability to scale its AI products, deepen data partnerships, prove clear return on investment to clients, and maintain financial discipline as it grows.

NEWS

November 13, 2025 · 7:30 AM UTC

Nexxen Reports Third Quarter 2025 Financial Results

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November 3, 2025 · 7:30 AM UTC

Nexxen Announces October 2025 Share Repurchase Program Summary

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October 16, 2025 · 9:00 AM UTC

Nexxen's ACR Audience Segments Licensed by Yahoo DSP for Activation

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October 1, 2025 · 9:00 AM UTC

Nexxen's Curated Marketplace Enables Partners to Unlock New Value from Data for Smarter Curation

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October 1, 2025 · 7:30 AM UTC

Nexxen Announces September 2025 Share Repurchase Program Summary

Read more