Strong CTV Growth
CTV contribution ex-TAC grew 18% year-over-year, or 25% excluding political contributions, exceeding top-end guidance.
Record Adjusted EBITDA
Adjusted EBITDA was $57 million, representing a 34% margin and a 13% increase year-over-year.
Robust Partnerships Expansion
Magnite's partnerships with major players like Netflix, Roku, Warner Bros. Discovery, and others have expanded, contributing to growth.
AI and Technology Integration
Integration of AI through Streamer acquisition and ClearLine enhancements, aiming to streamline processes and increase efficiency.
Increased Cash Position
Cash balance increased to $482 million from $426 million at the end of the second quarter.