Nexxen International plummets on weaker FY25 forecast

Nexxen International

13/11/2025 18:46

** Shares of advertising solutions provider Nexxen International NEXN.O fall 19.6% to $6.47 in afternoon trading

** NEXN reduced the midpoint of its outlook for FY25 total revenue excluding traffic acquisition costs to $355 million from previous guidance of $380 million

** Also reduced the range of the FY25 adjusted EBITDA forecast to $113 million - $117 million, down from its previous expectations of $125 million

** NEXN attributes revision to a shift in spending behavior from one of their demand-side platform customers, a trend also shown by supply-side platform companies

** Company reports non-IFRS Q3 net income of $12 million, or 20 cents per share, vs net income of $19.1 million, or 27 cents per share, a year ago

** All nine brokerages covering the stock rate it "strong buy" or "buy"; median PT $15 — data compiled by LSEG

** As of last close, NEXN down ~35.4% YTD

(Reporting by Anuj T in Bengaluru)

((anuj.t@thomsonreuters.com))