earnings
confidence high
sentiment positive
materiality 0.80
Magnite Q2 beats: Contribution ex-TAC up 17% YoY; CTV up 36%; raises FY guidance
MAGNITE, INC.
- Revenue $192.8M (+11% YoY); Contribution ex-TAC $189.6M (+17%), above guidance of $177-181M.
- CTV Contribution ex-TAC $97.1M (+36% YoY), above $90-92M guidance; DV+ $92.5M (+2%).
- Net income $19.4M ($0.13 diluted EPS) vs $11.1M ($0.08) a year ago; Adjusted EBITDA $70.6M (+30%), margin 37%.
- Q3 2026 guidance: total Contribution ex-TAC $188-192M; CTV $98-100M; DV+ $90-92M.
- FY 2026 raised: Contribution ex-TAC growth 13-14% (from at least 11%); Adj. EBITDA margin at least 37% (from 35.5%).