Brief: Magnite Q2 Adjusted EPS USD 0.2 Vs. IBES Estimate USD 0.17

Magnite

06/08/2025 21:05

Overview

Sell-side advertising firm Magnite Q2 revenue rises 6% yr/yr, beating analyst expectations, per LSEG data

Adjusted EPS for Q2 beats consensus, reaching $0.20, per LSEG data

Adjusted EBITDA up 22% yr/yr, exceeding guidance, reflecting strong margin improvement

Outlook

Magnite expects Q3 2025 Contribution ex-TAC between $161 mln and $165 mln

Company forecasts Q3 2025 CTV Contribution ex-TAC of $71 mln to $73 mln

Magnite anticipates mid-teens growth in full-year 2025 Adjusted EBITDA

Company reinstates full-year 2025 Contribution ex-TAC growth above 10%

Result Drivers

CTV GROWTH - Driven by new partnerships, SMB advertisers, and success in live sports, per CEO Michael G. Barrett

DV+ PERFORMANCE - Exceeded guidance, marking twenty consecutive quarters of growth

CONTRIBUTION EX-TAC - Increased 10% yr/yr, driven by strong performance in CTV and DV+ segments

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$173.30 mln
$157.30 mln (11 Analysts)
Q2 Adjusted EPS
Beat
$0.2
$0.17 (8 Analysts)
Q2 Net Income
$11.10 mln
Q2 Adjusted EBITDA
Beat
$54.40 mln
$46.60 mln (13 Analysts)
Q2 Adjusted EBITDA Margin
34.0%
Q2 Gross Profit
$108.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the advertising & marketing peer group is "buy"

Wall Street's median 12-month price target for Magnite Inc is $23.58, about 5.1% above its August 5 closing price of $22.37

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nGNX6czZTj

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)