Nexxen Posts Record Q2 Revenue on CTV Surge, Raises Full-Year Guidance — Nexxen International Ltd.

Event summary

Nexxen reported Q2 2026 revenue of $100.5M, up 11% YoY, with programmatic revenue at $95.2M (up 12%) and CTV revenue hitting a record $37.8M (up 33%).
Adjusted EBITDA fell to $27.6M (down 8% YoY) due to increased AI, data, and infrastructure investments.
The company raised full-year 2026 Contribution ex-TAC and programmatic revenue guidance for the third time this year.
Nexxen advanced nexAI with Model Context Protocol (MCP) and Agent-to-Agent (A2A) interoperability to deepen integration within customers' AI workflows.

The big picture

Nexxen's Q2 results highlight the growing importance of CTV in programmatic advertising, with revenue from this segment surging 33% YoY. The company's strategic focus on AI integration through nexAI positions it to capture market share as advertisers increasingly rely on data-driven, automated solutions. However, the trade-off between growth investments and profitability remains a key dynamic to monitor.

What we're watching

CTV Momentum: Whether Nexxen can sustain its 33% YoY CTV revenue growth amid increasing competition in the connected TV space.
AI Differentiation: How the integration of nexAI through MCP and A2A interoperability will position Nexxen against competitors in the evolving agentic future of programmatic advertising.
Operational Efficiency: The pace at which Nexxen can balance its strategic investments with profitability, particularly as Adjusted EBITDA margins contract due to increased spending on AI and infrastructure.