| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 192.82 | 17.3% | 11.2% |
| Total Income | 192.82 | 17.3% | 11.2% |
| Expenditure | 161.60 | 3.2% | 6.8% |
| PBT | 25.55 | 585.0% | 111.2% |
| Net Profit | 19.37 | 339.2% | 73.9% |
| OPM | 16.19% | 11.50pp | 3.52pp |
| NPM | 10.04% | 7.36pp | 3.62pp |
| EPS | 0.14 | 366.7% | 75.0% |
Magnite Reports Q2 2026 Results: Contribution ex-TAC Grows 17% YoY to $189.6M
06 Aug 2026 · 6 Aug, 1:46 am
Summary
Magnite reported strong second quarter 2026 results, with revenue up 11% year-over-year to $192.8 million and Contribution ex-TAC growing 17% to $189.6 million. The company saw particularly robust growth in CTV, with Contribution ex-TAC up 36% year-over-year. Adjusted EBITDA increased 30% to $70.6 million, accompanied by a 37% margin. Driven by this performance, Magnite is raising its full-year 2026 outlook for Contribution ex-TAC growth and Adjusted EBITDA margin.
Key Highlights
- 1
Magnite reported revenue of $192.8 million for the second quarter of 2026, an increase of 11% year-over-year.
- 2
Contribution ex-TAC grew by 17% year-over-year to $189.6 million, exceeding the high end of guidance.
- 3
Contribution ex-TAC attributable to Connected TV (CTV) surged by 36% year-over-year to $97.1 million.
- 4
Adjusted EBITDA increased by 30% year-over-year to $70.6 million, with an Adjusted EBITDA margin of 37%.
- 5
Net income for the quarter was $19.4 million, or $0.13 per diluted share, a significant increase from $11.1 million, or $0.08 per share, in Q2 2025.
- 6
The company is raising its full-year 2026 expectations, including increasing total Contribution ex-TAC growth to between 13% and 14% and Adjusted EBITDA margin to at least 37%.
Management Comments
Michael G. Barrett
We significantly beat consensus expectations on both the top and bottom line in the second quarter, driven by outperformance in CTV—which grew 36% year-over-year—and a return to growth in DV+. Our CTV momentum continues to be broad-based across leading publisher partners and anchored by the strategic differentiation of SpringServe. On the bottom line, we delivered 30% Adjusted EBITDA growth with a 37% margin. Given this strong execution and ongoing shift toward programmatic streaming, we are also raising both our full-year top-line and margin expectations. Furthermore, we are pleased with our agentic product launches and partner support, and view these as a great future tailwind. We are uniquely positioned between supply and demand, and with our agentic offerings we believe we will benefit from serving as vital infrastructure for the future of digital advertising.
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