Nexxen International's FY 2025 Earnings Snapshot

Nexxen International (NEXN) has put fresh numbers on the board for FY 2025, with Q3 revenue of US$94.8 million and EPS of US$0.07, setting the tone for what has been an eventful year of reported results. The company has seen quarterly revenue move from US$90.2 million and EPS of US$0.22 in Q3 2024 to US$94.8 million and EPS of US$0.07 in Q3 2025, alongside trailing twelve month EPS of about US$0.64 on revenue of US$376.4 million. These figures sit against earnings growth of 185% over the past year and a net profit margin now at 10.5% versus 4% a year earlier. Taken together, the latest release points to a business where profitability and margins are front and center for investors assessing the story.

With the headline numbers on the table, the next step is to see how these results line up against the most widely held narratives around Nexxen, and where the data might start to challenge those stories.

185% Earnings Growth Meets Slower Quarterly EPS

• Across the last 12 months, Nexxen generated basic EPS of about US$0.64 on US$376.4 million of revenue and US$39.4 million of net income, compared to quarterly EPS of US$0.07 in Q3 2025 on US$94.8 million of revenue and US$4.2 million of net income.
• Bulls point to the 185% year over year earnings growth and 10.5% net profit margin as evidence of a solid earnings reset. However:
  • Quarterly EPS has moved between US$0.03 and US$0.32 since Q2 2024, which means the strong trailing 12 month numbers sit alongside quite a bit of quarter to quarter earnings volatility.
  • The bullish narrative expects earnings to reach US$51.2 million by about 2028, so comparing that with the trailing 12 month net income of US$39.4 million helps you gauge how much further improvement those optimistic forecasts are assuming.

Bulls argue that the jump in profitability and AI driven products could be just the start of a bigger move, so if you want to see how that story is built out in full, check out the 🐂 Nexxen International Bull Case

10.5% Margin Versus Five Year Earnings Drag

• The current 10.5% net profit margin and trailing P/E of 9.6x sit against a five year earnings record that compounded at about 16.9% in reverse each year. The recent improvement therefore comes after a long stretch of weaker profit performance.
• Bears focus on that five year earnings drag and slower revenue outlook, and the recent data gives them a few talking points:
  • Revenue growth is forecast at about 7.9% per year, which is below the 10.2% per year forecast for the broader US market in the supplied data, so the business is not projected to outgrow the market on the top line.
  • Bearing that in mind, the bearish narrative that earnings could settle around US$40.6 million by 2028 after being US$49.7 million today lines up with the idea that the current 10.5% margin may not be a straight line story from here.

Skeptics warn that a strong year of profits does not erase slower top line forecasts and a tough five year history, and you can see how that case is laid out in more detail in the 🐻 Nexxen International Bear Case

P/E Of 9.6x Versus DCF Fair Value

• At a share price of US$6.68, Nexxen trades on a trailing P/E of 9.6x compared with a DCF fair value of about US$20.03 and an analyst price target of US$11.89, while the trailing 12 month net income of US$39.4 million implies the market is paying a lower multiple than the US Media industry average of 21.9x and the peer average of 127x in the supplied data.
• Supporters of the bullish view highlight this valuation gap, yet the numbers also leave room for a more cautious read:
  • The DCF fair value being roughly 3x the current share price, alongside the analyst target of US$11.89, shows how wide the range of views is on what those earnings and margins are worth today.
  • When you set that against forecast revenue growth of 7.9% per year and the five year earnings decline of about 16.9% per year, you can see why some investors might want more proof that the recent 185% earnings growth and 10.5% margin are durable before relying on the higher valuation figures.

Next Steps

To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Nexxen International on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves.

If this mix of bullish and cautious takes leaves you unsure, now is a good time to review the numbers yourself and stress test your thesis. To help with that, you can quickly weigh the upside drivers that others are focusing on by checking the 4 key rewards.

See What Else Is Out There

Nexxen's earnings story includes a five year earnings drag, slower forecast revenue growth than the wider US market, and quarterly EPS that moves around quite a bit.

If that mix of uneven growth and earnings volatility has you questioning how much risk sits in your portfolio, it is worth checking 77 resilient stocks with low risk scores that focus on more resilient profiles and seeing how they compare side by side.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.