Nexxen’s Q1 25 results show Q1 records for net revenue, programmatic revenue, and CTV revenue, Q1 adjusted EBITDA growth of +95% yoy to $23.1m or +62% ahead of consensus, and reaffirmed guidance that leads us to reiterate our FY25E and FY26E forecasts. Q1 25 net revenue growth of +8% to $75.0m is +3% ahead of consensus, and was driven by +10% programmatic net revenue growth to $71.8m. The robust programmatic performance reflected excellent results from numerous initiatives across the end-to-end ....