secwatch.observer — SEC 8-K summary
======================================

Issuer:     MAGNITE, INC. (MGNI)
CIK:        0001595974
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001595974-26-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnite Q1 contribution ex-TAC up 10% to $160.9M; CTV surges 30%; raises FY margin and FCF guidance
--------------------------------------------------------------------------------

- Revenue $164.4M (+6% YoY); net income $4.4M ($0.03 diluted) vs loss of $9.6M in Q1 2025.
- CTV contribution ex-TAC $82.3M (+30% YoY), now >50% of total; DV+ contribution $78.6M (-5% YoY).
- Adjusted EBITDA $42.9M (+16% YoY), margin 27%; non-GAAP EPS $0.13 vs $0.12 a year ago.
- Q2 total contribution ex-TAC guidance $177M-$181M; CTV contribution $90M-$92M.
- Full-year: reaffirms contribution ex-TAC growth ≥11%; raises EBITDA margin target to ≥35.5% and FCF growth to mid-30% range.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595974/000159597426000023/0001595974-26-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595974/000159597426000023/mgni-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001595974-26-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer