| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 164.37 | 5.5% |
| Total Income | 164.37 | 5.5% |
| Expenditure | 156.65 | 0.3% |
| PBT | 3.73 | 135.6% |
| Net Profit | 4.41 | 145.8% |
| OPM | 4.70% | 5.57pp |
| NPM | 2.68% | 8.87pp |
| EPS | 0.03 | 142.9% |
Magnite Reports Q1 2026 Results: Revenue Up 6% Y-o-Y
07 May 2026 · 7 May, 1:53 am
Summary
Magnite reported a 6% increase in revenue for Q1 2026, reaching $164.4 million. Contribution ex-TAC grew by 10% to $160.9 million, driven by a 30% increase in CTV contribution. The company achieved a net income of $4.4 million, a significant improvement from the previous year's net loss. Magnite reaffirms its full-year 2026 Contribution ex-TAC growth of at least 11% and raises Adjusted EBITDA margin to be at least 35.5%.
Key Highlights
- 1
Magnite's revenue for Q1 2026 reached $164.4 million, reflecting a 6% increase year-over-year.
- 2
Contribution ex-TAC grew by 10% year-over-year to $160.9 million, hitting the high end of the guidance range.
- 3
CTV contribution ex-TAC increased by 30% year-over-year to $82.3 million, aligning with the provided guidance.
- 4
Adjusted EBITDA rose by 16% year-over-year to $42.9 million, resulting in a 27% Adjusted EBITDA margin.
- 5
Net income amounted to $4.4 million, or $0.03 per diluted share, a significant improvement from the net loss of $9.6 million in Q1 2025.
- 6
Non-GAAP earnings per share increased to $0.13, compared to $0.12 for Q1 2025.
- 7
The company reaffirms total Contribution ex-TAC growth of at least 11% for the full year 2026.
Management Comments
Michael G. Barrett
Magnite once again exceeded total top and bottom line expectations, with growth paced by CTV at 30%. Our CTV success is broad based and supported by publisher, agency and DSP momentum. Buyer marketplaces coupled with ClearLine, live sports, and strong SMB trends continue to support the growth acceleration in CTV. AI is also becoming foundational in almost every area of our business, from agentic buying, to creative development, to inventory curation, to workflow. It is powering greater productivity throughout our ecosystem and company. We are starting to see some improvements in key areas of DV+, namely mobile app and commerce media partners. We also remain ready in our DV+ business, as it relates to pending remedies related to the Google trial.”
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