Nexxen invested heavily in its enterprise offering throughout 2025, adding go-to-market and product talent and redirecting sales resources toward enterprise solutions. These efforts resulted in the enterprise customer base more than doubling during the year, while infrastructure enhancements in H2 2025 roughly doubled the supply-side platform (SSP) capacity to support greater programmatic scale.

In Q4, contribution ex-TAC fell to $97.8 million (down 7% year-over-year) and programmatic revenue declined to $94.3 million (down 4%), though data products contribution ex-TAC surged 51%. CTV revenue eased 19% to $30.1 million; desktop video rose 21% while mobile video dipped 9%. January–February results marked the strongest start in company history, tracking ahead of initial targets.

Nexxen guided 2026 contribution ex-TAC of $375–$390 million, programmatic revenue of $367–$381 million and adjusted EBITDA of $122–$132 million (about 33% margin). The company plans a $50 million investment in CTV OS partner V to reach ~6% ownership, launched the first programmatic Smart TV on-screen product with V and The Trade Desk, expanded TV data licensing (including Yahoo DSP), and entered leading mobile in-app partnerships. The balance sheet holds $133.3 million cash, no long-term debt, and ongoing share repurchases.