Sell-side advertising firm Magnite Q3 revenue beats expectations on CTV segment strength

Magnite

05/11/2025 21:20

Overview

Magnite Q3 revenue grows 11% yr/yr, beating analyst expectations

Adjusted EBITDA for Q3 beats consensus, reflecting strong operational performance

Contribution ex-TAC grows 12% yr/yr, driven by 18% growth in CTV

Outlook

Magnite expects Q4 Contribution ex-TAC between $191 mln and $196 mln

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

Magnite forecasts 2026 Contribution ex-TAC growth of at least 11%

Result Drivers

CTV GROWTH - CTV segment grew 18% yr/yr, driven by major publisher partnerships and DSP momentum

STREAMER.AI BENEFITS - Acquisition of streamer.ai supports new business wins among SMB advertisers

DV+ PERFORMANCE - DV+ grew 7% yr/yr, driven by exclusive partner expansion

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$179.50 mln
$163.26 mln (12 Analysts)
Q3 Adjusted EPS
Meet
$0.20
$0.20 (8 Analysts)
Q3 Net Income
$20.10 mln
Q3 Adjusted EBITDA
Beat
$57.20 mln
$52.96 mln (14 Analysts)
Q3 Adjusted EBITDA Margin
34.00%
Q3 Gross Profit
$110.10 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 38% above its November 4 closing price of $16.73

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nGNX227YKw

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(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.)