Magnite, Inc. ( (MGNI) ) has released its Q2 earnings. Here is a breakdown of the information Magnite, Inc. presented to its investors.
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Magnite, Inc. is the world’s largest independent sell-side advertising company, providing technology for publishers to monetize content across various formats, including CTV, online video, display, and audio, with a global presence in key markets like North America, EMEA, LATAM, and APAC.
In its second quarter of 2025 earnings report, Magnite announced a revenue increase to $173.3 million, marking a 6% growth year-over-year. The company highlighted a significant improvement in its Contribution ex-TAC, particularly in the CTV sector, which grew by 14% year-over-year.
Key financial metrics from the report include a 10% year-over-year growth in Contribution ex-TAC to $162.0 million, surpassing the company’s guidance. The CTV sector contributed $71.5 million, while DV+ saw an 8% increase to $90.4 million. Magnite also reported a net income of $11.1 million, a notable turnaround from a net loss in the previous year, and an adjusted EBITDA of $54.4 million, representing a 22% increase.
The company’s strategic focus on expanding partnerships and entering new markets, particularly in CTV and DV+, has been a driving force behind its growth. The management anticipates continued growth in the second half of 2025, despite macroeconomic uncertainties, with expectations of mid-teens percentage growth in adjusted EBITDA and free cash flow.
Looking ahead, Magnite remains optimistic about its growth trajectory, aiming for a total Contribution ex-TAC growth above 10% for the full year of 2025. The company plans to continue leveraging its strategic partnerships and market expansions to sustain its upward momentum.