CTV Growth and Partnerships
CTV contribution ex-TAC grew 15% year-over-year, driven by partnerships with major players like Netflix, Roku, and Warner Bros. Discovery.
Adjusted EBITDA Performance
Adjusted EBITDA came in at $37 million, growing 47% year-over-year, with a margin of 25% compared to 19% in Q1 last year.
DV+ Business Rebound
DV+ contribution ex-TAC increased by 9%, showing a strong recovery after previous slowdowns.
Google Antitrust Ruling Opportunity
Magnite is well-positioned to gain market share from Google due to the recent antitrust ruling, which could significantly benefit its DV+ business.
Technology and AI Investments
Magnite continues to invest in AI and technology to drive operational efficiencies and product enhancements.