Magnite (MGNI)
NASDAQ:MGNI
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.25Last Year’s EPS
0.2Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial progress driven by a robust CTV ramp, double-digit contribution ex-TAC growth, margin expansion, and durability in key customer relationships. Management highlighted durable cost efficiencies (cloud and AI), a disciplined capital allocation plan (debt paydown and buybacks), and raised full-year margin and free-cash-flow targets. Offsetting risks include ongoing DV+ decline, vertical-specific macro weakness (automotive, technology), a large quarter-over-quarter cash reduction from debt repayment and repurchases, uncertainty around timing of Google AdTech remedies, and a planned CFO transition. On balance, the positive growth, profitability, and strategic momentum notably outweigh the moderate risks discussed.Company Guidance
Top-line Revenue Growth
Total revenue for Q1 was $164 million, up 6% year-over-year.
Strong Contribution ex-TAC Performance
Total contribution ex-TAC was $161 million, up 10% year-over-year and at the high end of guidance.
CTV Acceleration and Mix
CTV contribution ex-TAC grew 30% year-over-year to $82 million and represented 51% of total contribution ex-TAC, continuing momentum from 2025.
Profitability and Margin Expansion
Adjusted EBITDA was $43 million, up 16% year-over-year, with Adjusted EBITDA margin of 27% (vs. 25% a year ago); Adjusted EBITDA exceeded consensus by $5 million.
Earnings and EPS Improvement
Net income was $4 million versus a net loss of $10 million in Q1 2025. GAAP diluted EPS was $0.03 vs. a loss of $0.07, and non-GAAP EPS was $0.13 vs. $0.02 year-over-year.
Operational Efficiency Gains
Operating expenses (including cost of revenue) were $157 million, flat year-over-year, with cost improvements driven by cloud savings and early AI-related productivity gains; Q1 OpEx was $4 million better than guide.
Strong Customer and Demand Signals
Top 10 accounts grew in the mid-30% range year-over-year; the rest of the customer base grew in the mid-20s. Mobile in-app grew 8% year-over-year. Commerce media footprint grew to 21 partners with 13 deployed.
Balance Sheet and Capital Allocation Actions
Convertible debt of $250 million was repaid; net leverage was 0.7x. The company repurchased/withheld >2.2 million shares for ~$29 million and has ~$186 million remaining under repurchase authorization; management plans to return ~50% of free cash flow to shareholders.
Reaffirmed and Raised Full-Year Targets
Management reaffirmed full-year contribution ex-TAC growth of at least 11%, raised Adjusted EBITDA margin target to at least 35.5% (from >35%), and raised free cash flow growth to mid-30%.
Product and Strategic Momentum
SpringServe positioned as a differentiated unified CTV ad-serving/mediation/monetization platform; SpringServe Streamr (creative/SMB tooling) driving CTV adoption; ClearLine and AI initiatives accelerating automation and yield optimization.
Event & Live Sports Traction
Live sports monetization showing early traction, including >80% year-over-year revenue growth from March Madness; World Cup and other sports expected to be incremental catalysts.
MGNI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MGNI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $13.39 | $14.00 | +4.56% |
Feb 25, 2026 | $11.97 | $13.48 | +12.61% |
Nov 05, 2025 | $17.10 | $14.87 | -13.07% |
Aug 06, 2025 | $22.48 | $21.75 | -3.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Magnite (MGNI) report earnings?
Magnite (MGNI) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Magnite (MGNI) earnings time?
Magnite (MGNI) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MGNI EPS forecast?
MGNI EPS forecast for the fiscal quarter 2026 (Q2) is 0.25.
