The raised guidance suggests management confidence in top-line momentum, but the sharp profitability decline warrants caution. Watch Q2 2026 results for margin improvement and cash flow normalization; the investor day on June 16 could provide further clarity on margin drivers.
Price Chart
Executive Summary
Nexxen reported record Q1 2026 revenue and Contribution ex-TAC, but profitability deteriorated sharply with an operating loss of $4.9M vs a year-ago profit of $3.4M and Adjusted EBITDA down 30% YoY. Full-year guidance for Contribution ex-TAC and programmatic revenue was raised, but Adjusted EBITDA guidance was reaffirmed.
Key Facts
- Record Q1 Contribution ex-TAC of $84.5M, up 13% YoY.
- Record Q1 programmatic revenue of $81.9M, up 14% YoY.
- Operating loss of ($4.9M) vs profit of $3.4M in Q1 2025.
- Net loss of ($5.3M) vs net income of $1.6M.
- Adjusted EBITDA of $16.3M, down 30% from $23.1M.
- Raised full year 2026 Contribution ex-TAC guidance to $382-397M (from $375-390M).
- Cash and cash equivalents of $94.6M, no long-term debt.
Financial Impact
Revenue up 11% to $86.8M, but net loss of $5.3M vs net income of $1.6M and Adjusted EBITDA down 30% to $16.3M.
Risk Factors
- Profitability weakness evident in operating loss and lower Adjusted EBITDA.
- Cash outflow from operations of $21M in Q1, driven by working capital changes.
- Geopolitical risks from Israel-based operations and exposure to global ad spending.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001178913-26-002619 |
| Document: zk2635298.htm | 0001178913-26-002619 |
| Document: 0001178913-26-002619-index-headers.html | 0001178913-26-002619 |
| Document: 0001178913-26-002619-index.html | 0001178913-26-002619 |
| Document: 0001178913-26-002619.txt | 0001178913-26-002619 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 14d ago | 6-K | $9.06 | awaiting T+20 | — | $8.58 (−5.30%) |
Sep 30, 2026 27d ago | 6-K | $9.00 | awaiting T+20 | — | $8.58 (−4.67%) |
Aug 19, 2026 9w ago | 6-K | $10.05 $8.98 | ▼ −10.65% | ▼ −8.70% | $8.58 (−14.63%) |
Aug 12, 2026 10w ago | 6-K | $10.74 $9.20 | ▼ −14.34% | ▼ −12.44% | $8.58 (−20.11%) |
Aug 12, 2026 10w ago | Press Release | $10.74 $9.20 | ▼ −14.34% | ▼ −12.44% | $8.58 (−20.11%) |
Jun 18, 2026 18w ago | Press Release | $8.60 $10.38 | ▲ +20.70% | ▲ +20.16% | $8.58 (−0.23%) |
Jun 16, 2026 19w ago | Press Release | $8.75 $9.92 | ▲ +13.37% | ▲ +13.17% | $8.58 (−1.94%) |
May 13, 2026 23w ago | 6-K | $7.61 $8.59 | ▲ +12.88% | ▲ +13.49% | $8.58 (+12.75%) |
May 13, 2026 23w ago | Press Release | $7.61 $8.59 | ▲ +12.88% | ▲ +13.49% | $8.58 (+12.75%) |
Apr 29, 2026 25w ago | Press Release | $7.38 $8.46 | ▲ +14.63% | ▲ +8.59% | $8.58 (+16.26%) |
US Market Status
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