| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 179.49 | 3.5% | 10.8% |
| Total Income | 179.49 | 3.5% | 10.8% |
| Expenditure | 154.45 | 2.0% | 5.2% |
| PBT | 20.94 | 73.1% | 235.6% |
| Net Profit | 20.06 | 80.1% | 285.0% |
| OPM | 13.95% | 1.28pp | 4.62pp |
| NPM | 11.18% | 4.75pp | 7.96pp |
| EPS | 0.14 | 75.0% | 250.0% |
Magnite Reports Q3 2025 Results: Contribution ex-TAC Grows 12% Y-o-Y
04 May 2026 · 4 May, 8:00 am
Summary
Magnite reported Q3 2025 revenue of $179.5 million, up 11% year-over-year. Contribution ex-TAC grew by 12% to $166.8 million, exceeding guidance. CTV contribution ex-TAC increased by 18% to $75.8 million, also surpassing expectations. The company anticipates total Contribution ex-TAC for Q4 2025 to be between $191 million and $196 million.
Key Highlights
- 1
Magnite's revenue for Q3 2025 was $179.5 million, an increase of 11% year-over-year.
- 2
Contribution ex-TAC for Q3 2025 reached $166.8 million, up 12% year-over-year (16% excluding political), exceeding guidance of $161 to $165 million.
- 3
CTV contribution ex-TAC was $75.8 million, reflecting an 18% year-over-year increase (25% excluding political), surpassing guidance of $71 to $73 million.
- 4
DV+ contribution ex-TAC amounted to $90.9 million, a 7% year-over-year increase (10% excluding political), falling within the guidance range of $90 to $92 million.
- 5
Net income for Q3 2025 was $20.1 million, or $0.13 per diluted share, compared to $5.2 million, or $0.04 per diluted share in Q3 2024.
- 6
Adjusted EBITDA for Q3 2025 was $57.2 million, up 13% year-over-year, representing a 34% Adjusted EBITDA margin.
- 7
The company expects total Contribution ex-TAC to be between $191 million and $196 million for Q4 2025.
Management Comments
Michael G. Barrett
Magnite once again exceeded total top-line expectations, delivering an exceptional CTV result, with growth of 18%, or 25% excluding political. Our CTV success is being driven by our largest publisher partners and strong agency and DSP momentum. ClearLine, buyer marketplaces, and live sports remain bright spots in CTV. We are also seeing early benefits from our streamer.ai acquisition. The additional AI tools have supported new business wins, particularly among SMB advertisers, further enhancing our competitive positioning. DV+ continues to perform well, growing in line with expectations, driven by exclusive 1 partner expansion. We were encouraged by the Google remedies hearings and look forward to the positive impact on our DV+ business once remedies are implemented.”
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