Nexxen International (NASDAQ:NEXN) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Market Beat
2026.05.13 23:37
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Nexxen International (NASDAQ:NEXN) reported quarterly earnings of $0.06 EPS, exceeding estimates by $0.02. Revenue reached $86.84 million, surpassing expectations of $76.86 million. The company raised its full-year guidance, anticipating 2026 Contribution ex-TAC between $382 million and $397 million. CTV revenue grew 12% YoY to $29.4 million. Shares rose 2.4% to $7.61, with institutional investors owning 54.24% of the stock. Analysts have mixed ratings, with price targets ranging from $8.50 to $10.00. Nexxen continues to invest in AI and data infrastructure, driving growth in mobile and data products.