Magnite Reports Second Quarter 2026 ResultsContribution ex-TAC (1) Grows 17% Year-Over-Year Contribution ex-TAC (1) from CTV Grows 36% Year-Over-Year Adjusted EBITDA (1) Grows 30% Year-Over-Year Adjusted EBITDA Margin (2) of 37% in Second Quarter NEW YORK, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, today reported its results of operations for the quarter ended June 30, 2026. Q2 2026 Highlights: Revenue of $192.8 million, up 11% year-over-year Contribution ex-TAC(1) of $189.6 million, up 17% year-over-year, exceeded the high end of the guidance range of $177 to $181 million Contribution ex-TAC(1) attributable to CTV of $97.1 million, up 36% year-over-year, exceeded the high end of the guidance range of $90 to $92 million Contribution ex-TAC(1) attributable to DV+ of $92.5 million, up 2% year-over-year, exceeded high end of the guidance range of $87 to $89 million Net income of $19.4 million, or $0.13 per diluted share, compared to a net income of $11.1 million, or $0.08 per share for Q2 2025 Adjusted EBITDA(1) of $70.6 million, up 30% year-over-year, representing a 37% Adjusted EBITDA margin(2), compared to Adjusted EBITDA(1) of $54.4 million or a 34% margin in Q2 2025 Non-GAAP earnings per share(1) of $0.26, compared to non-GAAP earnings per share(1) of $0.20 for Q2 2025 Operating cash flow(3) of $57.4 million Q3 2026 Expectations: Total Contribution ex-TAC(1) to be between $188 million and $192 million Contribution ex-TAC(1) attributable to CTV to be between $98 million and $100 million Contribution ex-TAC(1) attributable to DV+ to be between $90 million and $92 million Adjusted EBITDA operating expenses(4) to be between $119 million and $121 million Full-Year 2026 Expectations: Raising total Contribution ex-TAC(1) growth to be between 13% and 14%, up from at least 11% Raising Adjusted EBITDA(1) percentage growth to be greater than 20% from the mid-teens Raising Adjusted EBITDA margin(2) to be at least 37% from at least 35.5% Raising free cash flow(5) growth to be in the high 40% range from the mid 30% range “We significantly beat consensus expectations on both the top and bottom line in the second quarter, driven by outperformance in CTV—which grew 36% year-over-year—and a return to growth in DV+.
GlobeNewsWire8/5/2026Neutral