Magnite Q4 revenue beats estimates

Magnite

25/02/2026 21:32

Overview

Sell-side advertising firm's Q4 revenue rose 6%, beating analyst expectations

Adjusted EPS for Q4 missed analyst expectations

Company announced new $200 mln stock buyback program

Outlook

Magnite expects Q1 2026 Contribution ex-TAC between $157 mln and $161 mln

Company anticipates full-year 2026 Contribution ex-TAC growth of at least 11%

Magnite forecasts Adjusted EBITDA margin greater than 35% for full-year 2026

Result Drivers

CTV GROWTH - Contribution ex-TAC from CTV rose 20% year-over-year, or 32% excluding political, driven by increased programmatic CTV market growth

TAX BENEFIT - Q4 net income significantly boosted by a $90 million one-time tax benefit

Company press release: ID:nGNXr1zwb

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$205.40 mln
$194.22 mln (12 Analysts)
Q4 Adjusted EPS
Miss
$0.34
$0.35 (8 Analysts)
Q4 Net Income
$123.1 mln
Q4 Adjusted EBITDA
Beat
$83.80 mln
$80.84 mln (14 Analysts)
Q4 Adjusted EBITDA Margin
42.9%
Q4 Gross Profit
$135.8 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 $27.00, about 130.8% above its February 24 closing price of $11.70

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 16 three months ago

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.)