Quarterly ResultMay 6, 2026, 04:23 PM
Magnite Q1 Revenue $164.4M; Net Income $4.4M; CTV Contribution +30%
AI Summary
Magnite reported strong first-quarter 2026 financial results, with revenue increasing 6% year-over-year to $164.4 million and Contribution ex-TAC growing 10% to $160.9 million. The company achieved a net income of $4.4 million, a significant improvement from a net loss in the prior year, driven by a 30% year-over-year growth in CTV Contribution ex-TAC. Magnite also raised its full-year 2026 guidance for Adjusted EBITDA margin and free cash flow growth, reflecting confidence in continued performance.
Key Highlights
- Revenue increased 6% year-over-year to $164.4 million for Q1 2026.
- Contribution ex-TAC grew 10% year-over-year to $160.9 million, at the high end of guidance.
- Net income was $4.4 million ($0.03 per diluted share) for Q1 2026, compared to a net loss of $9.6 million in Q1 2025.
- Contribution ex-TAC from CTV surged 30% year-over-year to $82.3 million, now over 50% of total.
- Adjusted EBITDA rose 16% year-over-year to $42.9 million, achieving a 27% margin.
- Full-year 2026 Adjusted EBITDA margin guidance raised to at least 35.5% from over 35%.
- Full-year 2026 free cash flow growth guidance raised to mid-30% range from over 30%.
- Q2 2026 total Contribution ex-TAC expected between $177 million and $181 million.
Price Impact
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