Nexxen International Reports Record Q3 2026 Results Driven by CTV and Programmatic Growth
Nexxen International Ltd. (NEXN) delivered a strong third quarter for 2026, achieving record contribution ex-TAC of $100.3 million, an 8% year-over-year increase. The company's programmatic revenue reached a quarterly high of $97.8 million, bolstered significantly by a 39% surge in Connected TV (CTV) revenue. Adjusted EBITDA rose 22% to $34.5 million, with margins expanding to 34% due to AI-driven efficiencies and disciplined cost management. Despite a 29% decline in desktop revenue as consumer behavior shifts away from traditional websites, Nexxen's strategic pivot toward AI-native tools and data integration is yielding results. Management reaffirmed full-year guidance, noting that October was the company's best top-line month ever. Looking ahead, the company expects to integrate agentic AI solutions into most platform workflows by early 2027.
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Topics: earnings report EBITDA financial guidance programmatic advertising revenue growth