Magnite Q2 revenue rises 11%, beats estimates, lifts outlook

Magnite

05/08/2026 21:22

Overview
US sell-side ad tech firm's Q2 revenue grew 11%, beating analyst expectations
Adjusted EPS for Q2 beat consensus, adjusted EBITDA rose 30% yr/yr, exceeding estimates
Company raised full-year guidance for contribution ex-TAC growth, adjusted EBITDA growth and margin

Outlook
Magnite sees Q3 contribution ex-TAC between $188 mln and $192 mln
Company raises full-year contribution ex-TAC growth to 13%-14%, up from at least 11%
Magnite raises full-year adjusted EBITDA growth to greater than 20% from mid-teens

Result Drivers
CTV GROWTH - Co said 36% yr/yr increase in CTV contribution ex-TAC drove Q2 outperformance
DV+ RETURN TO GROWTH - Co cited a return to growth in DV+ segment, with contribution ex-TAC up 2% yr/yr

Company press release: ID:nGNX55tmK0

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$192.80 mln
$179.21 mln (13 Analysts)
Q2 Adjusted EPS
Beat
$0.26
$0.25 (8 Analysts)
Q2 Net Income
 
$19.40 mln
 
Q2 Adjusted EBITDA
Beat
$70.60 mln
$62.75 mln (14 Analysts)
Q2 Adjusted EBITDA Margin
 
37.00%
 
Q2 Gross Profit
 
$130.80 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 2 "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 $21.00, about 0.7% above its August 4 closing price of $20.86
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Aug 4 - MNTN Q2 revenue slightly beats estimates on customer growth
Aug 4 - Zeta Global beats Q2 revenue estimates on AI infrastructure demand; hikes forecast
Aug 3 - Snap beats revenue estimates on ad boost from World Cup, shares surge

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)