Q2 2026 Nexxen International Ltd Earnings Call Transcript

Aug 12, 2026 / 01:00 PM GMT

Release Date Price: $10.74 (+2.48%)

Transcript

Key Points

Positve

Record Q2 results with contribution ex-TAC of $97.8 million (up 11% YoY) and programmatic revenue of $95.2 million (up 12% YoY), both exceeding consensus estimates.
All-time record CTV revenue of $37.8 million, up 33% year-over-year, with momentum continuing into Q3 and growth broad-based across the platform.
Enterprise spend increased over 25% year-over-year, with the number of advertisers activated through enterprise customers nearly doubling from under 400 to over 750.
Raised full-year 2026 contribution ex-TAC and programmatic revenue guidance for the third time this year, reflecting strong execution and increased visibility.
Strong balance sheet with $132 million in cash, no debt, and $50 million available under revolving credit, supporting strategic investments and a new $40 million repurchase program.
Mobile revenue grew 23% year-over-year, driven by successful mobile in-app strategy with SDK integrations like Unity, positioning the company in an AI-resilient channel.

Negative

Adjusted EBITDA margin contracted to 28% in Q2, down from prior year, due to increased investments in AI, data, infrastructure, and go-to-market execution.
Non-IFRS diluted EPS declined to $0.23 in Q2 from $0.29 in Q2 2025, reflecting higher operating expenses.
Contribution ex-TAC from desktop declined 13% year-over-year, and non-programmatic business lines also decreased, with softness observed in the travel vertical.
Initiated a strategic wind-down of the non-programmatic influencer marketing business, Rhythm Influence, resulting in restructuring expenses during the quarter.
Foreign exchange fluctuations, particularly the dollar-to-shekel ratio, negatively impacted costs by approximately $2.5 million on a half-year basis, affecting profitability.
No share repurchases were made during Q2, as the company prioritized financial flexibility and evaluating M&A opportunities, potentially signaling a pause in returning capital to shareholders.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NEXN.OQ - Nexxen International Ltd
Q2 2026 Nexxen International Ltd Earnings Call
Aug 12, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to Nexon's Second Quarter Earnings Call. At this time, participants are in a listen-only mode with a question-and-answer session to follow at the end of the presentation.

This call is being recorded and a replay will be made available on Nexon's Investor Relations website.

I will now hand the call over to Billy Eckhart, Vice President of Investor Relations, for introductions and the reading of the Safe Harbor Statement. Billy, please go ahead.

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Unidentified_2 [2]
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Thank you, operator. Good morning, everyone, and welcome

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