Earnings ·
Magnite reported second quarter 2026 financial results for the period ended June 30, 2026
MGNIMagnite, Inc.
Magnite reported second quarter 2026 financial results for the period ended June 30, 2026. Revenue increased 11% year-over-year to $192.8 million, while Contribution ex-TAC grew 17% to $189.6 million, exceeding guidance. Net income rose to $19.4 million ($0.13 diluted EPS) from $11.1 million in the prior year period. Adjusted EBITDA increased 30% to $70.6 million with a 37% margin. The company raised its full-year expectations, targeting Contribution ex-TAC growth of 13-14%, Adjusted EBITDA growth greater than 20%, and an Adjusted EBITDA margin of at least 37%. Magnite operates in the digital advertising industry as a sell-side platform for publishers.