Magnite Reports Third Quarter 2026 Results
Globe Newswire•04/11/2026•16:05 ET
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Key Highlights
- ➤Contribution ex-TAC $200.6M, up 20% year-over-year, beat high-end guidance
- ➤CTV contribution ex-TAC $105.4M, up 39% year-over-year, beat high-end guidance
- ➤Adjusted EBITDA $83.4M, up 46%, with 42% margin
- ➤Full-year contribution ex-TAC growth raised to approximately 17%, from 13%-14%
- ➤Full-year 2027 top-line growth forecast above 15%, excluding political and Google remedies upside
Expert Statements
Michael G. Barrett, CEO of Magnite
“We delivered a very strong quarter, with the top line growing 20%, driven by CTV growing 39% and DV+ growing 5%, both significantly exceeding expectations. We outperformed political revenue expectations, mostly in CTV, and now expect full-year political spend to be nearly three times our initial forecast. CTV momentum remains broad-based, and the business now represents 53% of total contribution ex-TAC. Strong top-line execution translated into outstanding operating leverage, generating 46% Adjusted EBITDA growth with a 42% margin, prompting us to once again raise our full-year outlook across all key performance metrics”
Contribution ex-TAC((1)) Grows 20% Year-Over-Year Contribution ex-TAC((1)) from CTV Grows 39% Year-Over-Year Adjusted EBITDA((1)) Grows 46% Year-Over-Year Adjusted EBITDA Margin((2)) of 42% in Third Quarter
NEW YORK, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, today reported its results of operations for the quarter ended September 30, 2026.
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