Earnings ·
Magnite reports Q3 revenue of $204.2M and raises full-year outlook
MGNIMagnite, Inc.
Magnite reported third-quarter 2026 revenue of $204.2 million, a 14% increase year-over-year, with net income rising 70% to $34.0 million ($0.23 per diluted share). Contribution ex-TAC grew 20% to $200.6 million and Adjusted EBITDA increased 46% to $83.4 million, both exceeding guidance ranges. The company raised its full-year expectations, projecting total Contribution ex-TAC growth of approximately 17%, up from the previous range of 13% to 14%. Additionally, Magnite lifted its Adjusted EBITDA margin target to approximately 38.5% and free cash flow growth guidance to above 60%. The company operates as an independent sell-side advertising technology platform.