Nexxen International Ltd. (NEXN) Q1 2026 Earnings Call Transcript
Nexxen International NASDAQ: NEXN reported record first-quarter results for the three months ended March 31, 2026, and raised its full-year revenue outlook, citing stronger programmatic advertising demand, renewed growth in connected TV and early traction from its enterprise sales strategy.
Nexxen International is deeply undervalued, trading at a 4x EV/FCF multiple despite robust cash flow, margin strength, and aggressive buybacks. NEXN's growth is driven by exclusive, equity-linked partnerships—especially with the V operating system—and expansion into high-margin data products and mobile in-app channels. Risks include heavy reliance on key partners and customer concentration, but equity stakes and recent strategic agreements mitigate these concerns.
| Media Industry | Communication Services Sector | Ofer Druker CEO | XFRA Exchange | IL0012165630 ISIN |
| IL Country | 854 Employees | - Last Dividend | - Last Split | - IPO Date |
Nexxen International Ltd., initially known as Tremor International Ltd, has transitioned from its original branding to its current identity in January 2024. Established in 2007 and rooted in Tel Aviv-Yafo, Israel, Nexxen International Ltd. is at the forefront of bridging advertisers with publishers across a global scale, covering territories like the United States, the Asia-Pacific, Europe, the Middle East, and Africa. At its core, Nexxen International offers a comprehensive technological software platform designed to streamline and optimize the digital advertising process. This platform facilitates real-time marketing campaign executions across a multitude of advertising formats, catering to a wide array of clients including ad buyers, advertisers, brands, agencies, and digital publishers.
Nexxen International’s DSP offers a versatile marketplace for advertisers and agencies, providing both full-service and self-managed options. This platform empowers users to launch and manage digital marketing campaigns in real time, across various advertising mediums, enhancing campaign effectiveness and audience reach.
The SSP from Nexxen International is engineered to support publishers in inventory management and revenue optimization. It avails publishers access to vital data and an extensive suite of products, aiming to streamline operations and maximize income from ad inventory.
This integrated solution bridges the DSP and SSP, enabling advertisers and publishers to leverage data from multiple sources to fine-tune the outcomes of their advertising campaigns. It’s designed to boost the efficiency and efficacy of advertising efforts through refined data analysis and application.