Magnite (NasdaqGS:MGNI) Q4 2025 Earnings call February 25, 2026 04:30 PM ET Company ParticipantsDavid Day - CFOMichael Barrett - President and CEONick Kormeluk - Head of Investor RelationsConference Call ParticipantsBarton Crockett - Managing Director, Senior Research AnalystDaniel Kurnos - Equity Research AnalystEric Martinuzzi - Senior Research AnalystJason Kreyer - Senior Research AnalystLaura Martin - Senior AnalystMatthew Swanson - Equity Research AnalystOmar Dessouky - Research AnalystRobert Coolbrith ...

Magnite (NasdaqGS:MGNI) Q4 2025 Earnings call February 25, 2026 04:30 PM ET Company ParticipantsDavid Day - CFOMichael Barrett - President and CEONick Kormeluk - Head of Investor RelationsConference Call ParticipantsBarton Crockett - Managing Director, Senior Research AnalystDaniel Kurnos - Equity Research AnalystEric Martinuzzi - Senior Research AnalystJason Kreyer - Senior Research AnalystLaura Martin - Senior AnalystMatthew Swanson - Equity Research AnalystOmar Dessouky - Research AnalystRobert Coolbrith ...

Financial Data and Key Metrics Changes - In Q4 2025, total revenue was $205 million, up 6% from Q4 2024, with contribution ex-TAC at $195 million, an increase of 8% year-over-year and 16% excluding political [15][16] - Adjusted EBITDA grew 9% to $84 million, resulting in a 43% margin [17][18] - For the full year 2025, contribution ex-TAC totaled $670 million, a year-over-year increase of 10% or 14% excluding political impacts [14][15] - Net income for Q4 was $123 million, significantly up from $36 million in Q4 2024, primarily due to a one-time tax benefit [17][18] Business Line Data and Key Metrics Changes - CTV contribution ex-TAC grew 32% in Q4 2025, reaching 48% of total contribution ex-TAC, while DV+ grew 4% excluding political, but was below expectations [5][14][15] - DV+ contribution ex-TAC was $101 million, a decrease of 1% year-over-year, indicating a shift in spending from DV+ to CTV [16][19] - The contribution ex-TAC mix for Q4 was 48% CTV, 37% mobile, and 15% desktop [16] Market Data and Key Metrics Changes - CTV is now larger than DV+, marking a significant shift in the company's business model towards streaming [5] - The company noted strong growth from major players in the industry, including LG Ads, Netflix, and Paramount, indicating a broad-based adoption of CTV [5][6] - The company observed accelerated budget reallocation from DV+ into CTV, particularly in Q1 2026 [8][12] Company Strategy and Development Direction - The company is focused on capitalizing on the shift towards streaming and programmatic CTV, which is now seen as a dominant form of video consumption [12][13] - The management emphasized the importance of AI and automation in enhancing the advertising marketplace, positioning the company as a foundational player in the future of digital advertising [10][11] - The company plans to return approximately 50% of free cash flow to shareholders through share repurchases, indicating a strong capital allocation strategy [21][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategic position, citing the ongoing shift to CTV and the expected sustained double-digit growth in CTV advertising [12][13] - The company anticipates contribution ex-TAC growth of 8%-10% for Q1 2026, with CTV expected to surpass 50% of total contribution ex-TAC for the first time [22][23] - Management noted that the first quarter is typically the lowest margin quarter, but expects Adjusted EBITDA margin to exceed 35% for the full year 2026 [23] Other Important Information - The company has a cash balance of $553 million and plans to pay off $205 million in convertible notes at maturity [19][20] - The company is actively testing AI capabilities and making strategic investments to improve efficiencies in its platform [24] Q&A Session Summary Question: Sustainability of CTV Growth - Management noted that CTV growth is broad-based and driven by both large advertisers and performance-oriented SMBs, indicating a sustainable trend [26][27] Question: Risk and Client Relationships - Management confirmed that deep integrations with large CTV players enhance client relationships and reduce investment risks [29] Question: CTV vs. Organic Growth - Management indicated that the shift from DV+ to CTV is significant, with both platforms showing growth, but CTV is expected to continue outperforming [33][34] Question: Future Growth Rates - Management expects CTV to sustain high teens to 20% growth rates, while DV+ may face pressure but has emerging growth areas like mobile apps [47][51] Question: AI and Market Impact - Management believes AI will enhance efficiencies in the ad tech sector without significantly compressing take rates, as value creation remains strong [82][84] Question: Open Path and Market Share - Management stated that Open Path has been successfully integrated and is not an existential threat, with no impact on CTV performance [52][53]

Financial Highlights Q4 2025 February 25, 2026 Magnite SÿĄă HÿrĀor FORWARD-LOOKING STATEMENTS This presentation and management's prepared remarks during the conference call discussing fourth quarter 2025 results include, and management's answers to questions during the conference call may include, forward-looking statements, including statements based upon or relating to our expectations, assumptions, estimates, and projections. In some cases, you can identify forward-looking statements by terms such as "ma ...

Announces New $200 Million Stock Buyback Program NEW YORK – February 25, 2026 – Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today reported its results of operations for the fourth quarter and year ended December 31, 2025. Recent Highlights: Q1 2026 Expectations: Full-Year 2026 Expectations: Exhibit 99.1 Magnite Reports Fourth Quarter and Full-Year 2025 Results Total Revenue up 6% & Contribution ex-TAC up 8%, or 16% Excluding Political, in Fourth Quarter (1) Contrib ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 10-K __________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-36384 __________________ MAGNITE, INC. (Exact na ...

Total Revenue up 6% & Contribution ex-TAC(1) up 8%, or 16% Excluding Political, in Fourth Quarter Contribution ex-TAC(1) From CTV Grows 20%, or 32% Excluding Political, in Fourth Quarter Adjusted EBITDA Margin(2) Increases to 43% in Fourth Quarter Announces New $200 Million Stock Buyback Program NEW YORK, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today reported its results of operations for the fourth quarter and year ended Decem ...

In the current session, Magnite Inc. (NASDAQ:MGNI) is trading at $12.20, after a 0.25% drop. Over the past month, the stock decreased by 20.64%, and in the past year, by 30.86%. With performance like this, long-term shareholders are more likely to start looking into the company's price-to-earnings ratio. Comparing Magnite P/E Against Its PeersThe P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at larg ...

Core Insights - The collaboration between The New York Times Advertising and Magnite aims to enhance mobile advertising performance by utilizing Magnite's DV+ platform for private marketplace deals, providing advertisers access to premium audiences in trusted environments [1][4] Group 1: Market Trends - Mobile in-app advertising is expected to grow by 24% by 2027, driven by increased user engagement in premium app environments and AI-powered content discovery [2] - The New York Times is investing in its app to create a more immersive experience, resulting in a doubling of its app audience over the last two years, reaching tens of millions of unique visitors weekly [3] Group 2: Advertising Performance - The New York Times has achieved a nearly 19% year-over-year increase in click-through rates (CTR), attributed to its combination of large audience scale and high performance [3] - The collaboration with Magnite allows marketers to access The New York Times's in-app ad inventory, providing the necessary control and addressability to effectively reach their target audiences [4]

Core Insights - Magnite, Inc. (NASDAQ:MGNI) is recognized as one of the 14 oversold value stocks currently worth investing in [1] Group 1: Partnerships and Collaborations - On January 22, 2026, Magnite partnered with MNTN to allow MNTN advertisers to target audiences across live sports and high-engagement streaming content, with 97% of MNTN's advertisers being new to TV [2] - On January 6, 2026, Magnite announced a partnership with Cognitiv to integrate deep learning models into its ClearLine solution, enhancing real-time curation of premium video inventory [3] Group 2: Strategic Positioning - These partnerships position Magnite at the forefront of performance-driven advertising across streaming platforms, combining premium content access with AI-powered targeting and analytics [4] - Magnite offers automated solutions for buyers and sellers across various media platforms, including web and mobile [4]