The earnings call reflects a strong quarter for Magnite, with impressive growth in revenue, strategic partnerships, and advancements in AI technology. Despite some challenges with tariff pressures and measurement in CTV, the overall sentiment is positive, driven by significant achievements and future growth opportunities.

Company Guidance -

Q3 2025

During the Magnite Q2 2025 earnings call, the company reported a strong quarter, exceeding total top-line guidance with Connected TV (CTV) contribution ex-TAC growing by 14%, or 15% excluding political factors, and Digital Video Plus (DV+) growing by 8%. Adjusted EBITDA was significantly above expectations at $54 million, representing a 22% increase and a margin expansion to 34% compared to 30% in Q2 of the previous year. The company's CTV business was driven by strategic partnerships with major streamers such as Roku, Netflix, and Warner Bros. Discovery, which announced a new programmatic ad platform powered by Magnite. Magnite highlighted the growth potential of the SMB market in CTV, supported by the recent public listing of SMB-focused DSP partner MNTN. The company also emphasized its technological advancements, including AI capabilities and the integration of its CTV platform branded as SpringServe. Furthermore, Magnite discussed the potential positive impact of the antitrust ruling against Google on its DV+ business, estimating that every 1% share shift in the market could result in $50 million of additional contribution ex-TAC annually. The company expects to see accelerated growth rates in the second half of 2025, particularly in CTV excluding political contributions.

Exceeding Revenue and Growth Expectations

Q2 total top line guidance was exceeded with CTV contribution ex-TAC growing 14% (15% excluding political) and DV+ growing 8%. Adjusted EBITDA was significantly above expectations at $54 million, growing 22% with a margin of 34% versus 30% in Q2 last year.

Strategic Partnerships and Market Expansion

Significant growth from partnerships with Roku, Netflix, LG, Warner Bros. Discovery, and Paramount. Notably, Warner Bros. Discovery's NEO platform is powered by Magnite. The SMB segment is growing, with MNTN going public and new DSPs like tvScientific and Vibe entering the market.

AI and Technology Advancements

Expansion of AI capabilities, including neural net and machine learning systems for CTV buyers, AI-powered audience discovery, and an LLM for automatic CTV inventory categorization.

Positive Financial Performance

Total revenue for Q2 was $173 million, up 6% from Q2 2024. Contribution ex-TAC was $162 million, up 10%. GAAP earnings per diluted share improved to $0.08 from a loss of $0.01 in the previous year.

Strong Position in DV+ Market

Continued growth and new product functionality led to a DV+ contribution ex-TAC increase of 8%. Success in commerce media with new partners like Western Union, PayPal, and RE/MAX.

Magnite (MGNI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MGNI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.20 / -	0.17	―	―	―
Aug 06, 2025	2025 (Q2)	0.17 / 0.20	0.14	42.86% (+0.06)
May 07, 2025	2025 (Q1)	0.07 / 0.12	0.05	140.00% (+0.07)
Feb 26, 2025	2024 (Q4)	0.36 / 0.34	0.29	17.24% (+0.05)
Nov 07, 2024	2024 (Q3)	0.16 / 0.17	0.12	41.67% (+0.05)
Aug 07, 2024	2024 (Q2)	0.15 / 0.14	0.09	55.56% (+0.05)
May 08, 2024	2024 (Q1)	0.00 / 0.05	0.04	25.00% (+0.01)
Feb 28, 2024	2023 (Q4)	0.28 / 0.29	0.24	20.83% (+0.05)
Nov 08, 2023	2023 (Q3)	0.12 / 0.12	0.18	-33.33% (-0.06)
Aug 09, 2023	2023 (Q2)	0.07 / 0.09	0.14	-35.71% (-0.05)

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
Aug 06, 2025	$22.48	$21.75	-3.25%
May 07, 2025	$12.43	$14.89	+19.79%
Feb 26, 2025	$16.86	$16.55	-1.84%
Nov 07, 2024	$13.49	$13.61	+0.89%

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.