Magnite

MGNI

Market cap $1.96B

Magnite, Inc. (MGNI) Q4 2025 Earnings Call Transcript

Total Revenue up  6% & Contribution ex-TAC (1) up 8% , or 16% Excluding Political, in Fourth Quarter Contribution ex-TAC (1) From CTV Grows 20% , or 32% Excluding Political, in Fourth Quarter Adjusted EBITDA Margin (2) Increases to 43% in Fourth Quarter Announces New $200 Million Stock Buyback Program NEW YORK, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today reported its results of operations for the fourth quarter and year ended December 31, 2025. Recent Highlights: Revenue of $205.4 million for Q4 2025, up 6% from Q4 2024 Contribution ex-TAC(1) of $195.1 million for Q4 2025, an increase of 8% year-over-year (16% excluding political), at the high end of $191 to $196 million guidance range Contribution ex-TAC(1) attributable to CTV for Q4 2025 of $93.6 million, an increase of 20% year-over-year (32% excluding political), exceeded guidance of $87 to $89 million Contribution ex-TAC(1) attributable to DV+ for Q4 2025 of $101.5 million, a decrease of 1% year-over-year (increase of 4% excluding political) Net income for Q4 2025 of $123.1 million, or $0.80 per diluted share, compared to net income of $36.4 million, or $0.24 per diluted share for Q4 2024; Q4 2025 net income benefited from a $90 million one-time tax benefit related to the release of a valuation allowance on our deferred tax assets Adjusted EBITDA(1) of $83.8 million in Q4 2025 representing a 43% Adjusted EBITDA margin(2), compared to Adjusted EBITDA(1) of $76.5 million for Q4 2024 Non-GAAP earnings per share(1) of $0.34 for Q4 2025, compared to non-GAAP earnings per share(1) of $0.34 for Q4 2024 Operating cash flow(3) in Q4 2025 of $61.0 million Contribution ex-TAC(1) attributable to CTV for the full-year 2025 of $304.2 million, an increase of 17% year-over-year (22% excluding political), representing 45% of total Contribution ex-TAC(1) Adjusted EBITDA(1) for the full-year 2025 of $232.1 million, an increase of 18% from the full-year 2024 Ended 2025 with $553.4 million in cash and cash equivalents and zero net leverage Q1 2026 Expectations: Total Contribution ex-TAC(1) to be between $157 and $161 million Contribution ex-TAC(1) attributable to CTV to be between $81 and $83 million Contribution ex-TAC(1) attributable to DV+ to be between $76 and $78 million Adjusted EBITDA operating expenses(4) to be approximately $122 million Full-Year 2026 Expectations: Total Contribution ex-TAC(1) growth at least 11% Adjusted EBITDA(1) percentage growth in the mid-teens Adjusted EBITDA margin(2) greater than 35% Free cash flow(5) growth greater than 30% Capex of approximately $60 million “We are extremely pleased to see a significant inflection in the growth of the programmatic CTV market, evidenced by our 32% top-line growth excluding political, in the fourth quarter, as well as strength into Q1.

NEW YORK, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising company, today announced that members of its executive team will host in-person investor meetings at the Susquehanna 15th Annual Technology Conference in New York City on Thursday, February 26, 2026.

NEW YORK, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising company, will announce its financial results for the fourth quarter ended December 31, 2025 after the market close on Wednesday, February 25, 2026. The Company will host a conference call at 1:30 PM (PT) / 4:30 PM (ET) the same day to discuss its financial results and outlook.

New integration gives MNTN advertisers access to premium live sports, breaking news, and on-demand streaming inventory through Magnite's direct media owner relationships New integration gives MNTN advertisers access to premium live sports, breaking news, and on-demand streaming inventory through Magnite's direct media owner relationships

Trade Desk and Magnite tap the same CTV tailwinds, but costs, competition and differing platform roles set up a sharp contrast in risk and reward.

Players get unlimited, subscription-free gaming—brands get smarter, more engaging ways to connect with them across Smart TVs     STAMFORD, Conn., Jan. 6, 2026 /PRNewswire/ -- PHȲND, the global cloud gaming platform making high-quality games instantly accessible on Smart TVs, today announced Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, as its ad tech monetization launch partner.

Texas-based Kopion Asset Management increased its stake in Magnite by 367,858 shares during the fourth quarter; the estimated trade value was $6.11 million based on quarterly average pricing. The quarter-end position value rose by $4.60 million, reflecting both new purchases and stock price movements.

NEW YORK, Jan. 05, 2026 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising company, today announced that members of its executive team will host in-person investor meetings at the Needham 28th Annual Growth Conference in New York City on Wednesday, January 14. Company management will participate in a fireside chat at 12:45 p.m.

Magnite delivered robust Q3 2025 results, with 11% revenue growth to $179.5M, beating estimates and exceeding guidance across key segments. MGNI's CTV and DTV segments saw strong momentum, driven by major partnerships with Netflix, Roku, Spotify, and others, supporting ongoing double-digit growth. AI integration and platform efficiencies are expected to drive margin expansion, with 2026 EPS growth forecast at 19.2%.