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.
Laura Martin
Needham & Company, LLC
5 questions for MGNI
Also covers: CTV, CURI, DSP +10 more
SP
Shyam Patil
Susquehanna Financial Group
5 questions for MGNI
Also covers: CHKP, MNTN, RAMP +3 more
DK
Daniel Kurnos
The Benchmark Company, LLC
4 questions for MGNI
Also covers: ANGI, CNVS, DRCT +12 more
Jason Kreyer
Craig-Hallum Capital Group LLC
4 questions for MGNI
Also covers: CDLX, CREX, DSP +15 more
RC
Robert Coolbrith
Evercore ISI
4 questions for MGNI
Also covers: BMBL, CDLX, ETSY +8 more
Zach Cummins
B. Riley Securities
4 questions for MGNI
Also covers: AEYE, BLZE, DHX +9 more
SB
Simran Biswal
RBC Capital Markets
3 questions for MGNI
Also covers: PD, PUBM
AB
Alec Brondolo
Wells Fargo
2 questions for MGNI
Also covers: APP, COMP, CRTO +5 more
BK
Brian Kraska
Wolfe Research
2 questions for MGNI
Matthew Swanson
RBC Capital Markets
2 questions for MGNI
Also covers: ADBE, DV, IBM +7 more
MM
Maxwell Michaelis
Lake Street Capital Markets
2 questions for MGNI
Also covers: APEI, BCOV, BLZE +10 more
OD
Omar Dessouky
Bank of America
2 questions for MGNI
Also covers: APP, DV, IAS +3 more
TN
Tim Nollen
Macquarie Group
2 questions for MGNI
Also covers: CRTO, DIS, IPG +2 more
Barton Crockett
Rosenblatt Securities
1 question for MGNI
Also covers: BATRA, DSP, EEX +14 more
BN
Bel Nobler
Lake Street Capital Markets
1 question for MGNI
Eric Martinuzzi
Lake Street Capital Markets
1 question for MGNI
Also covers: APEI, ASPU, ASUR +24 more
Kenneth Wu
Wolfe Research
1 question for MGNI
Also covers: PUBM
Shweta Khajuria
Wolfe Research, LLC
1 question for MGNI
Also covers: BMBL, CART, CHWY +14 more
Recent press releases and 8-K filings for MGNI.
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.
15 hours ago
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.
15 hours 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.
16 hours ago
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
Magnite Outlines Margin Expansion Strategy and AdTech Outlook
MGNI
New Projects/Investments
Demand Weakening
Legal Proceedings
- Magnite is transitioning its Connected TV (CTV) business from cloud to on-premise infrastructure to expand gross margins, as on-premise is 4-5 times more cost-effective than the cloud, with the payoff anticipated in 2027.
- The company expects behavioral remedies from the Google AdTech trial in Q1 2026, which is viewed as a positive development that will benefit independent sell-side platforms like Magnite by making auctions fairer.
- Magnite experienced a $1 million and change impact from the Trade Desk's Kokai platform default settings, which is considered a "blip" rather than a long-term crisis, with important buyers reversing settings.
- Key growth drivers include international expansion for CTV, leveraging its SpringServe ad server for live inventory monetization, and focusing on commerce media with new partners like Pinterest and United Airlines.
- The recent acquisition of Streamr.ai aims to expand Magnite's total addressable market by enabling new advertisers (e.g., Instagram, TikTok) to enter the streaming world.
Dec 9, 2025, 6:40 PM
Magnite Discusses Q3 Performance, 2026 Outlook, and Google Lawsuit at TIMT Conference
MGNI
Revenue Acceleration/Inflection
Legal Proceedings
New Projects/Investments
- CEO Michael Barrett highlighted strong CTV performance in Q3, driven by new partners like NBCU and continued growth from Netflix, Roku, and Warner Bros. Discovery. He anticipates increased spend in Q1 and Q2 next year due to better-than-expected upfronts.
- The DV+ segment has seen growth closer to 8% this year, surpassing the expected mid-single-digit growth of approximately 5%. Magnite expects its CTV take rates to increase from historically low ranges, contributing to future volume growth.
- Magnite provided a preliminary outlook for 2026, projecting 11% revenue growth and 35% EBITDA margins. This outlook does not account for potential impacts from Google remedies.
- Magnite has filed a lawsuit against Google to seek damages, following Google being found guilty of running a legal monopoly in ad tech. The company is also closely monitoring the ongoing remedy hearings in the Google antitrust trial.
Nov 19, 2025, 2:20 PM
Magnite Discusses Q3 Performance, 2026 Outlook, and Strategic Initiatives at TIMT Conference
MGNI
Revenue Acceleration/Inflection
Legal Proceedings
New Projects/Investments
- Magnite reported strong Q3 results, with DV+ growing closer to 8% this year, outpacing market expectations, and CTV performance driven by new entrants like NBCU. The company anticipates an increase in CTV take rates from historically low levels, which is expected to have a "double whammy impact on the volume".
- The Netflix partnership is progressing well, with Netflix expected to be one of Magnite's largest CTV customers by the end of 2025. Magnite is also developing partnerships with "commerce media" companies like Best Buy and United Airlines, which are adopting a supply-side approach to programmatic advertising.
- Magnite has previously indicated a 2026 outlook of 11% revenue growth and 35% EBITDA margins, noting these figures were conservative and did not account for potential Google remedies. The company is suing Google for damages following its conviction for running an ad tech monopoly.
- Magnite views its platform as crucial to the buy side, supporting 150 different demand partners and positioning its SpringServe ad server as central to direct paths and the emerging GenAI/Agentic future in ad tech.
Nov 19, 2025, 2:20 PM
Magnite Discusses DV Plus Growth, CTV Acceleration, Google Antitrust Case, and Capital Allocation
MGNI
Legal Proceedings
Guidance Update
New Projects/Investments
- Magnite's DV Plus business is seeing early ramp-up from new monetization partnerships with large publishers like PINS and X, contributing to the 11% 2026 XTAC growth guidance. Less than a third of Magnite's business is exposed to the open web, and its premium publisher base has not been significantly impacted by AI.
- DV Plus growth decelerated from 10% ex-political in Q3 2025 to an 8% guide for Q4 2025, due to macro factors, Open Path, and a shift to CTV. Magnite believes the bulk of the Open Path impact has passed, as buyers sought to revert to prior settings after The Trade Desk's migration.
- CTV contribution ex-political accelerated to 25% in Q3 2025, driven by partners including Netflix, LG, Roku, NBCU, and Disney, with the Prime Video Fire TV deal expected to be a meaningful driver in 2026. Magnite is also expanding into mobile app advertising and enabling SMB spend on CTV through its Streamer AI acquisition.
- Magnite is investing in shifting CTV infrastructure from cloud to on-premise to reduce costs and accelerate development in areas like Clearline, audience curation, and AI, with benefits expected in late 2026 and 2027.
- Regarding the Google antitrust case, Magnite expects a decision in December or January and anticipates behavioral remedies (e.g., stopping tying behavior, minimizing Google's data advantage, routing through Prebid) to provide the most immediate benefit. The company has an authorized $88 million share repurchase program, plans to pay down a $200 million convert in March, and expects to generate $150 million-$175 million in free cash flow next year.
Nov 18, 2025, 9:30 PM
Magnite Discusses DV Plus Outlook, Strategic Investments, and Google Antitrust Case
MGNI
Guidance Update
New Projects/Investments
Legal Proceedings
- Magnite's DV Plus segment grew 7% in Q3 2025 (10% ex-political) but is guided to 3% growth in Q4 (8% ex-political), attributed to macro factors, Open Path impacts, and a shift of online video spend to CTV. The company expects 11% 2026 contribution XTAC growth for DV Plus, with potential upside from new partnerships.
- The company is accelerating investments in key technologies such as Clearline, audience curation, and AI, and hiring additional engineers and international sales personnel. This is partly funded by shifting CTV infrastructure from cloud to more cost-effective on-prem data centers.
- CTV revenue grew 15% ex-political in Q1 and 25% ex-political in Q3, driven by partnerships with major platforms including Netflix, LG, Roku, NBCU, and Disney. The Prime Video Fire TV deal is also expected to be a meaningful driver for 2026 CTV growth.
- Magnite has an $88 million authorized share repurchase program and plans to pay down a $200 million convertible debt in March. The company anticipates generating over $150 million-$175 million in free cash flow next year.
Nov 18, 2025, 9:30 PM
Quarterly earnings call transcripts for MAGNITE.
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