Magnite Reports Second Quarter 2025 Results

Core Insights - Magnite reported a revenue of $173.3 million for Q2 2025, representing a 6% year-over-year increase [7] - Contribution ex-TAC reached $162.0 million, up 10% year-over-year, exceeding guidance [7][6] - Adjusted EBITDA for the quarter was $54.4 million, reflecting a 22% increase year-over-year and a 34% margin [7][6] Financial Performance - Revenue for the first half of 2025 was $329.1 million, a 5% increase from $312.2 million in the same period of 2024 [8] - Net income for Q2 2025 was $11.1 million, compared to a net loss of $1.1 million in Q2 2024 [7][8] - Non-GAAP earnings per share increased to $0.20 from $0.14 year-over-year [7][8] Segment Performance - Contribution ex-TAC from CTV was $71.5 million, up 14% year-over-year, while excluding political contributions, growth was 15% [7][6] - Contribution ex-TAC from DV+ was $90.4 million, marking an 8% increase year-over-year, with twenty consecutive quarters of growth [7][6] Future Outlook - The company expects total Contribution ex-TAC growth above 10% for the second half of 2025 [7] - Adjusted EBITDA margin is projected to expand by at least 150 basis points [7] - Free cash flow is anticipated to grow in the high-teens to 20% range [7]