Record Contribution ex-TAC and Programmatic Revenue
Nexxen achieved a Q1 record contribution ex-TAC of $75 million, representing an 8% year-over-year growth. Programmatic revenue also reached a Q1 record of $71.8 million, a 10% increase compared to Q1 2024.
Strong CTV Revenue Growth
CTV revenue hit a record $26.4 million in Q1, reflecting 40% year-over-year growth, and accounted for 37% of programmatic revenue, up from 29% in Q1 2024.
Launch of nexAI
The launch of nexAI, a suite of generative AI and machine learning powered tools, promises enhanced advertising capabilities, including faster insights and smarter planning, which have already led to meaningful productivity gains for clients.
Share Repurchase Program
Nexxen completed a $50 million share repurchase program and launched a new $50 million program, reflecting confidence in the company's valuation and future prospects.
Improved Adjusted EBITDA Margin
Adjusted EBITDA reached $23.1 million, a 95% increase from Q1 2024, with an adjusted EBITDA margin of 31% as a percentage of contribution ex-TAC, up from 17% in Q1 2024.