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Magnite (MGNI)
NASDAQ:MGNI
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.11Last Year’s EPS
0.12Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong and accelerating CTV momentum (32% ex-political Q4 growth, CTV now majority of business), above-consensus results, robust EBITDA expansion, improving cash and a shareholder-friendly capital allocation plan. Key challenges include DV+ weakness (below guidance and expected Q1 declines), vertical softness (auto, tech, food & beverage), higher near-term OpEx as the company invests in CTV, limited near-term monetization from AI/agentic initiatives, and uncertainty around timing/impact of AdTech remedies. On balance the positives (sustained CTV strength, margin expansion, cash generation, buybacks and clear 2026 targets) outweigh the near-term headwinds and uncertainties.Company Guidance
CTV Rapid Acceleration and Majority Mix
CTV contribution ex-TAC grew 32% year-over-year in Q4 excluding political (20% including political) and reached 48% of total contribution ex-TAC for Q4. Management stated CTV is now larger than DV+, making streaming the majority of the business.
Full-Year Contribution Growth
Full-year contribution ex-TAC totaled $670 million, up 10% year-over-year (14% excluding political). CTV contribution ex-TAC for 2025 was $304 million, up 17% year-over-year (22% excluding political).
Revenue and Adjusted EBITDA Expansion
Q4 total revenue was $205 million, up 6% year-over-year. Adjusted EBITDA for Q4 grew 9% year-over-year to $84 million with a 43% adjusted EBITDA margin (as % of contribution ex-TAC). Full-year adjusted EBITDA was $232 million, up 18% year-over-year with a 34.7% margin.
Strong Balance Sheet and Cash Generation
Cash balance increased to $553 million from $482 million in Q3. Operating cash flow (defined as adjusted EBITDA less CapEx) was $61 million in Q4, CapEx was $23 million, and net leverage fell to 0x from 0.3x in Q3.
Capital Return and Capital Allocation Plan
Repurchased/withheld over 5.2 million shares for ~$79 million in 2025 and announced a new 2-year repurchase authorization up to $200 million. Management targets ~50% of future free cash flow to be returned to shareholders via buybacks over time.
Strong Demand Partner and Publisher Momentum
Broad-based CTV growth across major partners (LG Ads, Netflix, Paramount, Roku, VIZIO, Walmart, Warner Bros. Discovery) and ramping commerce/media partnerships (15 announced, 11 deployed including United Airlines, PayPal, Pinterest, Best Buy).
Industry-First Agent-to-Agent AdCP Execution
Executed what management called the industry's first agent-to-agent campaign by embedding an advertising context protocol (AdCP) seller agent into SpringServe and running a buyer-agent campaign (Scope3 on behalf of MiQ) — signaling early leadership in agentic/AI-enabled workflows.
2026 Financial Outlook
Full-year 2026 guidance: total contribution ex-TAC growth of at least 11%, adjusted EBITDA percent growth in the mid-teens, adjusted EBITDA margin >35%, free cash flow growth >30%, and CapEx ~ $60 million.
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 |
|---|---|---|---|
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% |
May 07, 2025 | $12.43 | $14.89 | +19.79% |
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 May 13, 2026, After Close (Confirmed).
What is Magnite (MGNI) earnings time?
Magnite (MGNI) earnings time is at May 13, 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 (Q1) is 0.11.
