Overview

* Magnite ( MGNI ) Q3 revenue grows 11% yr/yr, beating analyst expectations

* Adjusted EBITDA for Q3 beats consensus, reflecting strong operational performance

* Contribution ex-TAC grows 12% yr/yr, driven by 18% growth in CTV

Outlook

* Magnite ( MGNI ) expects Q4 Contribution ex-TAC between $191 mln and $196 mln

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

* Magnite ( MGNI ) forecasts 2026 Contribution ex-TAC growth of at least 11%

Result Drivers

* CTV GROWTH - CTV segment grew 18% yr/yr, driven by major publisher partnerships and DSP momentum

* STREAMER.AI BENEFITS - Acquisition of streamer.ai supports new business wins among SMB advertisers

* DV+ PERFORMANCE - DV+ grew 7% yr/yr, driven by exclusive partner expansion

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $179.50 $163.26

Revenue mln mln (12

Analysts

)

Q3 Meet $0.20 $0.20 (8

Adjusted Analysts

EPS )

Q3 Net $20.10

Income mln

Q3 Beat $57.20 $52.96

Adjusted mln mln (14

EBITDA Analysts

)

Q3 34.00%

Adjusted

EBITDA

Margin

Q3 Gross $110.10

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 $27.00, about 38% above its November 4 closing price of $16.73

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release:

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(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.)