Nexxen International Ltd. provides end-to-end and video-first platform that engages advertising campaigns for brands, agencies, media groups, and content creators worldwide. It offers demand side platform, which provides a self-service solution for advertisers and their agencies to plan, activate, and manage omni-channel campaigns, access to inventory, data for audience targeting, AI planning capabilities across formats, testing solutions and reporting and management; Data Platform, provides insights and recommendations across geographic, behavioral, consumption, and demographic data, as well as enables advertisers and publishers to directly onboard, manage, plan, activate, and measure, with data from multiple sources to optimize performance and ROI; and Supply Side Platform, a self-service supply side platforms solution for publishers to sell their digital advertising inventory through a real-time bidding auction across screens, including mobile devices, CTVs, streaming devices, and desktop. The company also provides analytics and artificial intelligence services; Nexxen Discovery, an audience insight and activation product to o help customers create targeted segments, extend reach, and optimize campaigns real time; and Nexxen Studio, an in-house digital creative studio offers various creative solutions to tailored to needs of brands and agencies. It serves ad buyers, including brands and agencies, and digital publishers. The company was formerly known as Tremor International Ltd and changed its name to Nexxen International Ltd. in January 2024. Nexxen International Ltd. was incorporated in 2007 and is headquartered in Tel Aviv, Israel.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $365M | $103M | $25M | $80M | 5.3% | -0.2% | -29.3% |
| 2024 | $365M | $106M | $35M | $127M | 6.7% | 10.1% | - |
| 2023 | $332M | $70M | $-21M | $41M | -4.0% | -1.0% | -194.5% |
| 2022 | $335M | $90M | $23M | $68M | 4.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 335.25 | 331.99 | 365.48 | 364.78 |
| Cost Of Revenue | 60.74 | 62.27 | 61.02 | 54.98 |
| Gross Profit | 274.50 | 269.72 | 304.46 | 309.80 |
| Operating Expense | 223.74 | 286.53 | 263.64 | 277.35 |
| Operating Income | 50.76 | -16.80 | 40.82 | 32.45 |
| EBITDA | 89.74 | 69.50 | 106.15 | 102.58 |
| EBIT | 47.04 | -8.78 | 47.48 | 39.46 |
| Pretax Income | 42.42 | -18.98 | 38.53 | 37.26 |
| Tax Provision | 19.69 | 2.50 | 3.10 | 12.22 |
| Net Income | 22.74 | -21.49 | 35.44 | 25.04 |
| Net Income Common Stockholders | 22.74 | -21.49 | 35.44 | 25.04 |
| Total Expenses | 284.49 | 348.80 | 324.66 | 332.33 |
| Interest Expense | 4.61 | 10.20 | 8.95 | 2.20 |
| Interest Income | 2.28 | 8.19 | 6.66 | 7.01 |
| Research And Development | 33.66 | 49.68 | 49.99 | 58.06 |
| Selling General And Administration | 155.11 | 152.46 | 151.95 | 163.87 |
| Normalized EBITDA | 95.75 | 69.67 | 106.15 | 102.58 |
| Normalized Income | 27.37 | -21.36 | 35.44 | 25.04 |
| Basic EPS | 0.30 | -0.30 | 0.51 | 0.42 |
| Diluted EPS | 0.30 | -0.30 | 0.51 | 0.41 |
| Tax Effect Of Unusual Items | -1.38 | -0.04 | 0 | 0 |
| Tax Rate For Calcs | 0.23 | 0.23 | 0.08 | 0.33 |
| Total Unusual Items | -6.01 | -0.17 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | -6.01 | -0.17 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 22.74 | -21.49 | 35.44 | 25.04 |
| Reconciled Depreciation | 42.70 | 78.28 | 58.68 | 63.12 |
| Reconciled Cost Of Revenue | 60.74 | 62.27 | 61.02 | 54.98 |
| Net Interest Income | -2.33 | -2.01 | -2.29 | 4.81 |
| Net Income From Continuing And Discontinued Operation | 22.74 | -21.49 | 35.44 | 25.04 |
| Rent Expense Supplemental | 0.32 | 2.43 | 1.67 | 2.04 |
| Total Operating Income As Reported | 44.75 | -16.98 | 40.82 | 32.45 |
| Diluted Average Shares | 76.53 | 71.79 | 70.09 | 61.06 |
| Basic Average Shares | 74.97 | 71.79 | 68.99 | 59.78 |
| Diluted NI Availto Com Stockholders | 22.74 | -21.49 | 35.44 | 25.04 |
| Otherunder Preferred Stock Dividend | 0 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | 22.74 | -21.49 | 35.44 | 25.04 |
| Net Income Continuous Operations | 22.74 | -21.49 | 35.44 | 25.04 |
| Other Income Expense | -6.01 | -0.17 | 0 | 0 |
| Special Income Charges | -6.01 | -0.17 | 0 | 0 |
| Restructuring And Mergern Acquisition | 6.01 | 0.17 | 0 | 0 |
| Net Non Operating Interest Income Expense | -2.33 | -2.01 | -2.29 | 4.81 |
| Interest Expense Non Operating | 4.61 | 10.20 | 8.95 | 2.20 |
| Interest Income Non Operating | 2.28 | 8.19 | 6.66 | 7.01 |
| Other Operating Expenses | -4.56 | 1.76 | 1.50 | 0 |
| Provision For Doubtful Accounts | -3.17 | 4.34 | 1.52 | -7.70 |
| Depreciation Amortization Depletion Income Statement | 42.70 | 78.28 | 58.68 | 63.12 |
| Depreciation And Amortization In Income Statement | 42.70 | 78.28 | 58.68 | 63.12 |
| Depreciation Income Statement | 42.70 | 78.28 | 0 | 0 |
| Selling And Marketing Expense | 89.95 | 105.91 | 112.23 | 122.97 |
| General And Administrative Expense | 65.16 | 46.54 | 39.72 | 40.90 |
| Other Gand A | 14.03 | 10.15 | 10.32 | 7.93 |
| Rent And Landing Fees | 0.32 | 2.43 | 1.67 | 2.04 |
| Salaries And Wages | 50.81 | 33.96 | 27.73 | 30.93 |
| Operating Revenue | 335.25 | 331.99 | 365.48 | 364.78 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Nexxen International Ltd.this co. | NEXN | $411M | 18.00β premium | 0.88 | 5.3% | 4.60 |
| Advantage Solutions Inc. | ADV | $434M | - | 0.78 | -41.1% | 6.68 |
| ATN International, Inc. | ATNI | $419M | - | 0.91 | -2.3% | 6.57 |
| The E.W. Scripps Company | SSP | $408M | - | 0.48 | -8.1% | 11.29 |
| Dave & Buster's Entertainment, Inc. | PLAY |
| $387M |
| - |
| 4.25 |
| -53.4% |
| 9.76 |
| AMC Global Media Inc. | AMCX | $353M | 4.98 | 0.36 | 8.8% | 4.93 |
| FuboTV Inc. | FUBO | $349M | 3.09 | 1.26 | -95.3% | - |
| Getty Images Holdings, Inc. | GETY | $346M | - | 0.62 | -34.3% | 9.02 |
| Entravision Communications Corporation | EVC | $344M | - | 6.20 | -142.8% | 36.59 |
| Peer Median | - | 4.03 | 0.84 | -37.7% | 9.02 | |