Nexxen International Ltd. has raised its full-year 2026 financial outlook for the second time this year, increasing guidance for Contribution ex-TAC and programmatic revenue while maintaining its Adjusted EBITDA projections. The advertising technology platform, powered by unique data and media, now anticipates stronger growth driven by strategic investments in platform innovation and market expansion. Chief Executive Officer Ofer Druker attributed the updated outlook to continued momentum across the business and growing confidence in execution and competitive positioning.

Updated Financial Guidance

The company revised its Contribution ex-TAC range to $385 - $400 million, up from the previous $382 - $397 million. This updated range represents approximately 11% year-over-year growth at the midpoint. Additionally, Nexxen increased its programmatic revenue guidance to $377 - $391 million, compared to the prior range of $374 - $388 million, reflecting roughly 13% year-over-year growth at the midpoint.

Adjusted EBITDA guidance remains unchanged at $122 - $132 million. At the midpoint, this represents approximately 10% year-over-year growth and an Adjusted EBITDA margin of 32% on a Contribution ex-TAC basis. The decision to hold EBITDA guidance steady reflects the company's continued investment in strategic growth initiatives aimed at capitalizing on long-term opportunities across AI, CTV, mobile in-app, and data sectors.

Operational Drivers

Nexxen's updated outlook is supported by strength across key growth areas. The company expects second-quarter CTV revenue growth of more than 20% year-over-year and mobile revenue growth of more than 15% year-over-year. Management believes continued strategic investments will extend competitive advantages and drive sustainable long-term growth. The company is scheduled to host its Investor Day today, June 16, 2026, at 9:00 AM ET to discuss performance drivers and strategic priorities.