Magnite, Inc. ( (MGNI) ) has released its Q3 earnings. Here is a breakdown of the information Magnite, Inc. presented to its investors.
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Magnite, Inc. is the world’s largest independent sell-side advertising company, providing technology for publishers to monetize content across various formats including CTV, online video, display, and audio. The company operates globally with offices in key cities such as New York, Los Angeles, and London.
In its third quarter of 2025, Magnite reported a revenue of $179.5 million, marking an 11% increase year-over-year. The company also noted significant growth in its Contribution ex-TAC, particularly in the connected TV (CTV) segment, which grew by 18% year-over-year, or 25% when excluding political advertising.
Key financial highlights include a net income of $20.1 million, a substantial increase from $5.2 million in the previous year, and an adjusted EBITDA of $57.2 million, reflecting a 13% growth. The company’s non-GAAP earnings per share rose to $0.20 from $0.17, and operating cash flow was reported at $39.1 million.
Looking ahead, Magnite expects continued growth in its Contribution ex-TAC, with projections for the fourth quarter ranging between $191 million and $196 million. The company anticipates further expansion in its CTV and DV+ segments, driven by strategic partnerships and technological advancements.
Overall, Magnite remains optimistic about its future performance, with expectations of sustained growth in Contribution ex-TAC and adjusted EBITDA margins, supported by its strategic initiatives and market positioning.