Magnite (NASDAQ:MGNI) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Posted by Kyle Jackson on Aug 6th, 2026

Magnite (NASDAQ:MGNI – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01, FiscalAI reports. Magnite had a return on equity of 8.40% and a net margin of 21.96%.The business had revenue of $192.82 million during the quarter, compared to analysts’ expectations of $179.16 million. During the same period in the prior year, the firm posted $0.20 EPS. The business’s quarterly revenue was up 11.3% compared to the same quarter last year.

Here are the key takeaways from Magnite’s conference call:

Positive Sentiment: Magnite reported a strong Q2, with Contribution ex-TAC of $190 million, up 17% year over year and approximately $10 million above consensus; adjusted EBITDA rose 30% to $71 million, producing a 37% margin.
Positive Sentiment: CTV Contribution ex-TAC grew 36% to $97 million, driven by broad-based adoption of programmatic advertising, international expansion, and strength across major media owners; the company expects CTV growth of 29%–32% in Q3.
Positive Sentiment: Management raised its full-year outlook, now projecting Contribution ex-TAC growth of 13%–14%, adjusted EBITDA growth above 20%, margins of at least 37%, and free-cash-flow growth in the high-40% range.
Positive Sentiment: The company ended Q2 with $333 million in cash and 0.1x net leverage, while repurchasing or withholding approximately $28 million of shares during the quarter and retaining $165 million under its authorization.
Neutral Sentiment: Magnite is investing in AI agents and Magnite Orchestration as infrastructure for automated advertising, but adoption remains early: current agentic transactions total only a few million dollars and management does not expect a material near-term financial impact.

Magnite Stock Performance

Shares of Magnite stock traded down $0.19 on Wednesday, hitting $20.67. The stock had a trading volume of 2,367,275 shares, compared to its average volume of 2,239,823. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 19.88, a P/E/G ratio of 1.06 and a beta of 2.26. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.38. Magnite has a 52-week low of $10.82 and a 52-week high of $26.65. The company’s 50 day moving average price is $18.28 and its 200 day moving average price is $14.80.

Insider Activity

In other Magnite news, insider Sean Patrick Buckley sold 19,233 shares of Magnite stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $19.00, for a total transaction of $365,427.00. Following the transaction, the insider owned 373,514 shares of the company’s stock, valued at $7,096,766. The trade was a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David T. Pearson sold 10,766 shares of Magnite stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $15.65, for a total value of $168,487.90. Following the transaction, the director directly owned 79,001 shares in the company, valued at approximately $1,236,365.65. This trade represents a 11.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 491,639 shares of company stock worth $8,676,734 over the last ninety days. 3.20% of the stock is owned by corporate insiders.

Institutional Trading of Magnite

Several institutional investors and hedge funds have recently bought and sold shares of MGNI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Magnite by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,847 shares of the company’s stock worth $854,000 after purchasing an additional 3,267 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Magnite by 113.7% in the first quarter. Millennium Management LLC now owns 434,479 shares of the company’s stock valued at $4,957,000 after buying an additional 231,213 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Magnite by 24.3% in the first quarter. Jones Financial Companies Lllp now owns 7,276 shares of the company’s stock valued at $83,000 after buying an additional 1,423 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Magnite by 9.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 404,717 shares of the company’s stock valued at $4,618,000 after buying an additional 36,097 shares during the last quarter. Finally, Intech Investment Management LLC boosted its stake in shares of Magnite by 103.6% during the first quarter. Intech Investment Management LLC now owns 109,992 shares of the company’s stock worth $1,255,000 after buying an additional 55,971 shares during the period. Hedge funds and other institutional investors own 73.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MGNI shares. Weiss Ratings upgraded Magnite from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. BTIG Research started coverage on shares of Magnite in a research note on Tuesday, June 9th. They issued a “buy” rating and a $20.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and set a $25.00 price objective on shares of Magnite in a report on Thursday, April 16th. Royal Bank Of Canada restated an “outperform” rating on shares of Magnite in a research report on Thursday, May 28th. Finally, Evercore restated an “outperform” rating and issued a $21.00 target price on shares of Magnite in a report on Thursday, May 7th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.56.

Read Our Latest Report on MGNI

Key Magnite News

Here are the key news stories impacting Magnite this week:

Positive Sentiment: Q2 results exceeded expectations. Revenue increased 11% year over year to $192.8 million, while non-GAAP EPS was $0.26 versus consensus estimates ranging from $0.15 to $0.25. Contribution ex-TAC reached $189.6 million, above the company’s $177 million-$181 million target range. Magnite Reports Second Quarter 2026 Results
Positive Sentiment: CTV remained the primary growth engine. CTV contribution ex-TAC rose 36% year over year to $97.1 million, beating guidance of $90 million-$92 million. DV+ also returned to growth, increasing 2% to $92.5 million, suggesting broader stabilization across Magnite’s advertising platform. Magnite Q2 2026 Earnings Call Transcript
Positive Sentiment: Profitability improved substantially. Adjusted EBITDA grew 30% to $70.6 million, with the margin expanding to 37% from 34% a year earlier. Net income increased to $19.4 million from $11.1 million, and operating cash flow was $57.4 million. Magnite Earnings Report
Positive Sentiment: Management raised its 2026 outlook. Magnite now expects contribution ex-TAC growth of 13%-14%, adjusted EBITDA growth above 20%, an adjusted EBITDA margin of at least 37% and free-cash-flow growth in the high-40% range. Third-quarter contribution ex-TAC guidance of $188 million-$192 million is also above the roughly $185 million consensus estimate. Magnite Raises Full-Year 2026 Outlook
Neutral Sentiment: Some financial-data reports described the quarter as a revenue-estimate miss, reflecting differences in revenue versus contribution ex-TAC estimates. However, the company’s reported revenue and core operating metrics exceeded the estimates cited in its earnings release, making the outlook upgrade the more important investor takeaway. Magnite Q2 Revenue Estimates Report

About Magnite

(Get Free Report)

Magnite, Inc (NASDAQ: MGNI) operates as an independent sell-side advertising platform that enables publishers and digital media owners to monetize their inventory through programmatic advertising. Formed in 2020 through the merger of Rubicon Project and Telaria, Magnite combines technologies for desktop, mobile, connected television (CTV) and digital out-of-home (DOOH) ad exchanges. The company provides an end-to-end solution designed to help media owners optimize yield across open marketplaces, private marketplaces and programmatic guaranteed deals.

At the core of Magnite’s offering is its supply-side platform (SSP), which connects publishers’ ad impressions to demand-side platforms (DSPs) through real-time bidding (RTB).