Overview

* Sell-side advertising firm Magnite ( MGNI ) Q2 revenue rises 6% yr/yr, beating analyst expectations, per LSEG data

* Adjusted EPS for Q2 beats consensus, reaching $0.20, per LSEG data

* Adjusted EBITDA up 22% yr/yr, exceeding guidance, reflecting strong margin improvement

Outlook

* Magnite expects Q3 2025 Contribution ex-TAC between $161 mln and $165 mln

* Company forecasts Q3 2025 CTV Contribution ex-TAC of $71 mln to $73 mln

* Magnite ( MGNI ) anticipates mid-teens growth in full-year 2025 Adjusted EBITDA

* Company reinstates full-year 2025 Contribution ex-TAC growth above 10%

Result Drivers

* CTV GROWTH - Driven by new partnerships, SMB advertisers, and success in live sports, per CEO Michael G. Barrett

* DV+ PERFORMANCE - Exceeded guidance, marking twenty consecutive quarters of growth

* CONTRIBUTION EX-TAC - Increased 10% yr/yr, driven by strong performance in CTV and DV+ segments

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $173.30 $157.30

Revenue mln mln (11

Analysts

)

Q2 Beat $0.2 $0.17 (8

Adjusted Analysts

EPS )

Q2 Net $11.10

Income mln

Q2 Beat $54.40 $46.60

Adjusted mln mln (13

EBITDA Analysts

)

Q2 34.0%

Adjusted

EBITDA

Margin

Q2 Gross $108.40

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the advertising & marketing peer group is "buy"

* Wall Street's median 12-month price target for Magnite Inc ( MGNI ) is $23.58, about 5.1% above its August 5 closing price of $22.37

* The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)