Quarterly ResultAug 5, 2026, 04:19 PM
Magnite Q2 Revenue $192.8M, Net Income $19.4M; EPS $0.13
AI Summary
Magnite reported strong financial results for the second quarter of 2026, with revenue increasing to $192.8 million and net income rising to $19.4 million, resulting in diluted EPS of $0.13. For the six months ended June 30, 2026, net income saw a substantial increase to $23.8 million, and net cash provided by operating activities reached $65.9 million. The company also successfully repaid $205.1 million in Convertible Senior Notes and initiated an early termination of its Los Angeles office lease.
Key Highlights
- Q2 2026 Revenue increased to $192.8 million from $173.3 million in Q2 2025.
- Q2 2026 Net Income rose to $19.4 million from $11.1 million in Q2 2025.
- Q2 2026 Diluted EPS was $0.13, up from $0.08 in Q2 2025.
- Year-to-date Net Income significantly increased to $23.8 million from $1.5 million in 2025.
- Net cash provided by operating activities was $65.9 million for the six months ended June 30, 2026.
- Repaid $205.1 million in Convertible Senior Notes during the six months ended June 30, 2026.
- CTV revenue accounted for $100.1 million (52% of total) in Q2 2026.
- Early termination of Los Angeles office lease reduced ROU asset by $8.0 million.
Price Impact
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