Earnings summaries and quarterly performance for MAGNITE.
Executive leadership at MAGNITE.
Michael Barrett
Detailed
Chief Executive Officer
CEO
AS
Aaron Saltz
Detailed
Chief Legal Officer
AS
Adam Soroca
Detailed
Chief Product Officer
BG
Brian Gephart
Detailed
Chief Accounting Officer
DB
David Buonasera
Detailed
Chief Technology Officer
DD
David Day
Detailed
Chief Financial Officer
KE
Katie Evans
Detailed
President, Operations
SB
Sean Buckley
Detailed
President, Revenue
Board of directors at MAGNITE.
Research analysts who have asked questions during MAGNITE earnings calls.
SP
Shyam Patil
Susquehanna Financial Group
7 questions for MGNI
Also covers: CHKP, MNTN, RAMP +3 more
DK
Daniel Kurnos
The Benchmark Company, LLC
6 questions for MGNI
Also covers: ANGI, CNVS, DRCT +12 more
Jason Kreyer
Craig-Hallum Capital Group LLC
6 questions for MGNI
Also covers: CDLX, CREX, DSP +17 more
RC
Robert Coolbrith
Evercore ISI
6 questions for MGNI
Also covers: APP, BMBL, CDLX +10 more
Zach Cummins
B. Riley Securities
6 questions for MGNI
Also covers: AEYE, BLZE, DHX +9 more
Laura Martin
Needham & Company, LLC
5 questions for MGNI
Also covers: CNVS, CTV, CURI +11 more
Matthew Swanson
RBC Capital Markets
4 questions for MGNI
Also covers: ADBE, DV, IBM +7 more
OD
Omar Dessouky
Bank of America
4 questions for MGNI
Also covers: APP, DV, IAS +3 more
Barton Crockett
Rosenblatt Securities
3 questions for MGNI
Also covers: BATRA, DSP, EEX +17 more
Eric Martinuzzi
Lake Street Capital Markets
3 questions for MGNI
Also covers: APEI, ASPU, ASUR +24 more
Shweta Khajuria
Wolfe Research, LLC
3 questions for MGNI
Also covers: BMBL, CART, CHWY +15 more
SB
Simran Biswal
RBC Capital Markets
3 questions for MGNI
Also covers: NTCT, PD, PUBM +1 more
AB
Alec Brondolo
Wells Fargo
2 questions for MGNI
Also covers: APP, COMP, CRTO +6 more
BK
Brian Kraska
Wolfe Research
2 questions for MGNI
Laura Martin
Needham & Company
2 questions for MGNI
Also covers: CTV, FUBO, NEXN +1 more
MM
Maxwell Michaelis
Lake Street Capital Markets
2 questions for MGNI
Also covers: APEI, BCOV, BLZE +10 more
TN
Tim Nollen
Macquarie Group
2 questions for MGNI
Also covers: APP, CRTO, DIS +5 more
BN
Bel Nobler
Lake Street Capital Markets
1 question for MGNI
Kenneth Wu
Wolfe Research
1 question for MGNI
Also covers: PUBM
Recent press releases and 8-K filings for MGNI.
Magnite Reports Strong Q4 2025 Results, CTV Becomes Majority of Business
MGNI
Earnings
Guidance Update
Share Buyback
- Magnite exceeded Q4 2025 consensus expectations, with total contribution ex-TAC growing 8% to $195 million and Adjusted EBITDA increasing 9% to $84 million.
- Connected TV (CTV) contribution ex-TAC grew 32% ex political in Q4 2025, becoming larger than DV+ and representing 48% of total contribution ex-TAC.
- The company reported net income of $123 million for Q4 2025, including a $90 million one-time tax benefit.
- For Q1 2026, Magnite expects total contribution ex-TAC between $157 million and $161 million, with CTV contribution ex-TAC projected to grow 28%-31% and surpass 50% of the total for the first time.
- Magnite announced a new two-year share repurchase plan of up to $200 million and plans to pay off $205 million in convertible notes at maturity.
2 days ago
Magnite Reports Strong Q4 2025 Results, CTV Becomes Majority Business, and Announces Share Repurchase Plan
MGNI
Earnings
Guidance Update
Share Buyback
- Magnite exceeded consensus expectations for both Q4 and the full year 2025, with CTV contribution ex-TAC growing 32% ex-political in Q4, making streaming the majority of their business.
- For Q1 2026, the company expects total Contribution ex-TAC to be between $157 million and $161 million, with CTV Contribution ex-TAC projected to grow 28%-31% to $81 million-$83 million, surpassing 50% of total Contribution ex-TAC for the first time.
- Full year 2026 guidance includes at least 11% total contribution ex-TAC growth, mid-teens Adjusted EBITDA percentage growth, and free cash flow growth greater than 30%.
- The company announced a new two-year share repurchase plan authorizing up to $200 million and plans to pay off $205 million in convertible notes with cash on hand.
- Magnite anticipates potential market share gains from Google Ad Tech remedies, estimating that every 1% of market share gained could represent approximately $50 million of incremental contribution ex-TAC annually.
2 days ago
Magnite Exceeds Q4 and Full-Year 2025 Expectations, Announces Share Repurchase Plan
MGNI
Earnings
Guidance Update
Share Buyback
- Magnite exceeded consensus expectations for both Q4 and full-year 2025, driven by strong CTV growth.
- In Q4 2025, CTV contribution ex-TAC grew 32% excluding political, reaching $94 million and comprising 48% of total contribution ex-TAC. DV+ contribution ex-TAC declined 1% to $101 million.
- For the full year 2025, total contribution ex-TAC was $670 million, an increase of 10%, and Adjusted EBITDA was $232 million, up 18%.
- The company provided Q1 2026 guidance for total contribution ex-TAC between $157 million and $161 million, with CTV contribution ex-TAC expected to be $81 million-$83 million, surpassing 50% of total for the first time.
- Magnite announced a new two-year share repurchase plan of up to $200 million and plans to return approximately 50% of free cash flow generation to shareholders via repurchases over time.
2 days ago
Magnite Announces Q4 and Full-Year 2025 Results with 2026 Guidance
MGNI
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Magnite reported Q4 2025 Contribution ex-TAC of $195.1 million, an 8% increase year-over-year, with CTV Contribution ex-TAC growing 20% to $93.6 million. Adjusted EBITDA for the quarter was $83.8 million.
- Net income for Q4 2025 was $123.1 million, or $0.80 per diluted share, significantly boosted by a $90 million one-time tax benefit related to the release of a valuation allowance on deferred tax assets.
- For the full year 2025, total Contribution ex-TAC increased 10% to $669.6 million, and Adjusted EBITDA grew 18% to $232.1 million, improving the Adjusted EBITDA margin to 34.7%.
- The company concluded 2025 with $553.4 million in cash and cash equivalents and achieved zero net leverage.
- For Q1 2026, Magnite expects total Contribution ex-TAC to be between $157 million and $161 million, and projects full-year 2026 total Contribution ex-TAC growth of at least 11%, with mid-teens Adjusted EBITDA percentage growth and an Adjusted EBITDA margin greater than 35%.
2 days ago
Magnite Reports Strong Q4 and Full-Year 2025 Results, Announces New Stock Buyback Program
MGNI
Earnings
Guidance Update
Share Buyback
- Magnite reported Q4 2025 revenue of $205.4 million, an increase of 6% from Q4 2024, and Contribution ex-TAC of $195.1 million, up 8% year-over-year.
- Contribution ex-TAC from CTV grew 20% year-over-year to $93.6 million in Q4 2025, or 32% excluding political, and the company achieved an Adjusted EBITDA of $83.8 million with a 43% Adjusted EBITDA margin.
- For the full-year 2025, Adjusted EBITDA increased 18% to $232.1 million, and Magnite ended the year with $553.4 million in cash and cash equivalents and zero net leverage.
- The company announced a new $200 million stock buyback program, approved on February 23, 2026, which is authorized through February 29, 2028.
- Magnite provided full-year 2026 expectations including at least 11% growth in Total Contribution ex-TAC and mid-teens Adjusted EBITDA percentage growth.
2 days ago
Magnite Discusses CTV Growth, Data Shift to SSPs, Exclusive Partnerships, and Google Litigation Impact
MGNI
Revenue Acceleration/Inflection
New Projects/Investments
Legal Proceedings
- Magnite is experiencing significant growth in its Connected TV (CTV) business, partnering with major streamers like Disney, Netflix, Warner Bros. Discovery, and Paramount, as well as device manufacturers such as LG, Samsung, Vizio, and Roku, with international expansion also contributing to revenue.
- A key trend is the shift of data and curation from Demand-Side Platforms (DSPs) to Supply-Side Platforms (SSPs), which is expected to be a substantial and irreversible contributor to Magnite's revenue by making the ad ecosystem more efficient.
- Magnite is securing exclusive partnerships with companies like Pinterest, Spotify, and United's Kinective Media Group, where it builds customized tech stacks, leading to highly sticky, enterprise-level revenue streams through take rates and statement of work income.
- The finding that Google operated an illegal monopoly in ad tech presents a significant opportunity for Magnite; behavioral remedies could result in an estimated $50 million in revenue for every 1% market share gain for Magnite, given Google's roughly 60% market share and Magnite's current mid-to-high single-digit share.
Jan 14, 2026, 5:45 PM
Magnite CEO Discusses CTV Growth, Data Curation, and Google Litigation Impact
MGNI
Legal Proceedings
Revenue Acceleration/Inflection
New Projects/Investments
- Magnite, the largest independent sell-side advertising platform, is experiencing significant growth in Connected TV (CTV) through partnerships with major streamers (Disney, Netflix, Warner Bros. Discovery, Paramount) and device manufacturers (LG, Samsung, Vizio, Roku), with international expansion also contributing to this growth.
- A key industry trend is the shift of data from Demand-Side Platforms (DSPs) to Supply-Side Platforms (SSPs), known as curation, which Magnite expects to be a substantial contributor to future revenue as it charges curators for platform usage.
- Magnite anticipates over $10 million in political advertising revenue in the second half of 2024, mainly in Q4, and projects 2026 midterm election revenue to be about half of a national election's contribution.
- In the context of the Google antitrust litigation, Magnite believes that behavioral remedies could significantly impact its business. The company estimates that a 1% gain in market share would result in $50 million in revenue with high flow-through, noting Google's market share is around 60% and Magnite's is approximately 7%.
- Magnite is increasingly forming exclusive partnerships with companies like Pinterest, Spotify, and United's Kinective Media Group, which provide greater stickiness and allow Magnite to build customized tech stacks that enhance its take rate and technology.
Jan 14, 2026, 5:45 PM
Magnite Discusses CTV Growth, Ad Tech Trends, and Google Litigation Impact
MGNI
Revenue Acceleration/Inflection
New Projects/Investments
Legal Proceedings
- Magnite's CEO, Michael Barrett, highlighted strong growth in Connected TV (CTV), driven by partnerships with major streamers (e.g., Disney, Netflix) and device manufacturers (e.g., LG, Samsung), including international expansion.
- The company notes a significant industry trend of data moving from Demand-Side Platforms (DSPs) to Sell-Side Platforms (SSPs), referred to as "curation," which is expected to be a substantial contributor to Magnite's revenue growth by increasing ad ecosystem efficiency.
- Magnite is securing exclusive partnerships with platforms like Pinterest and Spotify, where it builds and powers their ad exchanges, leading to greater client stickiness and new revenue streams.
- Regarding the Google ad tech litigation, Magnite anticipates that behavioral remedies could significantly benefit the company, estimating an additional $50 million in revenue for every 1% market share gain.
Jan 14, 2026, 5:45 PM
Magnite Discusses Q4 Outlook, Strategic Investments, and Market Dynamics
MGNI
Demand Weakening
New Projects/Investments
M&A
- Magnite observed vertical softness in October across technology, home & garden, and automotive sectors, leading to a more conservative Q4 guide. However, upfronts showed surprising strength, indicating some market confidence.
- The company estimates a $1 million and change impact from The Trade Desk's Kokai platform, part of a $4 million lower-than-expected challenge, but views this as a "blip" as buyers reverse settings and the transition progresses.
- Magnite anticipates that the upcoming Google AdTech trial ruling, expected in Q1 2026, will likely involve behavioral remedies that will benefit independent sell-side platforms like Magnite by ensuring fairer auctions.
- Strategic investments include moving its CTV business from cloud to on-prem data centers to achieve a lower cost base and expanded gross margins over time, with a payoff anticipated in 2027 from these and other OpEx investments in CTV product development and AI.
- Magnite acquired Streamr.ai to expand its total addressable market by attracting new ad dollars from platforms like Instagram and TikTok into streaming, offering tools for creative, tracking, and attribution.
Dec 9, 2025, 6:40 PM
Magnite Discusses Macro Trends, AdTech Landscape, and Strategic Investments
MGNI
Guidance Update
New Projects/Investments
Demand Weakening
- Magnite (MGNI) provided insights into current macroeconomic conditions, with CFO David Day noting vertical softness in technology, home and garden, and automotive in October, which contributed to a more conservative Q4 guide. He also stated that the Trade Desk issue was estimated to be a $1 million and change impact, part of a larger $4 million challenge, and is considered a "blip".
- CEO Michael Barrett anticipates that the Google AdTech trial will result in behavioral remedies in Q1 2026, which is expected to benefit independent sell-side platforms (SSPs) like Magnite by ensuring fairer auctions.
- The company is making significant CapEx investments to migrate its CTV business from cloud to on-premise infrastructure to achieve a lower cost base and expand margins, with benefits expected in 2026 and 2027. OpEx priorities include increasing CTV product velocity, live sports, ClearLine, audience initiatives, and AI.
- Magnite recently acquired Streamr.ai to expand its total addressable market by attracting new advertisers (e.g., Instagram, TikTok) to streaming, providing tools for creative, tracking, and attribution.
Dec 9, 2025, 6:40 PM
Quarterly earnings call transcripts for MAGNITE.
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