Quarterly ResultAug 5, 2026, 04:17 PM
Magnite Q2 Contribution ex-TAC +17%, Adjusted EBITDA +30%
AI Summary
Magnite reported strong second-quarter 2026 financial results, with Contribution ex-TAC growing 17% year-over-year to $189.6 million, surpassing the high end of its guidance range. Adjusted EBITDA increased 30% year-over-year to $70.6 million, achieving a 37% margin. Driven by outperformance in CTV and a return to growth in DV+, the company raised its full-year 2026 guidance for Contribution ex-TAC growth, Adjusted EBITDA growth, Adjusted EBITDA margin, and free cash flow growth.
Key Highlights
- Q2 2026 Contribution ex-TAC was $189.6 million, up 17% year-over-year, exceeding guidance.
- Q2 2026 Adjusted EBITDA reached $70.6 million, a 30% increase year-over-year, with a 37% margin.
- Q2 2026 Revenue was $192.8 million, an 11% increase year-over-year.
- Q2 2026 Net income was $19.4 million, or $0.13 per diluted share, up 75% YoY.
- Q2 2026 Non-GAAP earnings per share was $0.26, up 30% year-over-year.
- Full-year 2026 Contribution ex-TAC growth guidance raised to 13-14% (from at least 11%).
- Full-year 2026 Adjusted EBITDA growth guidance raised to greater than 20% (from mid-teens).
- Full-year 2026 Adjusted EBITDA margin guidance raised to at least 37% (from at least 35.5%).
Price Impact
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