Magnite reports second quarter 2025 results

Contribution ex-tac (1) grows 10% year-over-year contribution ex-tac (1) from ctv grows 14% year-over-year new york, aug. 06, 2025 (globe newswire) -- magnite (nasdaq: mgni), the largest independent sell-side advertising company, today reported its results of operations for the quarter ended june 30, 2025. q2 2025 highlights: revenue of $173.3 million, up 6% year-over-year contribution ex-tac(1) of $162.0 million, up 10% year-over-year, exceeded guidance of $154 to $160 million contribution ex-tac(1) attributable to ctv of $71.5 million, up 14% year-over-year (15% excluding political), at the high end of the guidance range of $70 to $72 million contribution ex-tac(1) attributable to dv+ of $90.4 million, up 8% year-over-year, exceeded guidance of $84 to $88 million, marking twenty consecutive quarters of growth net income of $11.1 million, or $0.08 per share, compared to a net loss of $1.1 million, or $0.01 per share for q2 2024 adjusted ebitda(1) of $54.4 million, up 22% year-over-year, representing a 34% adjusted ebitda margin(2), compared to adjusted ebitda(1) of $44.7 million or a 30% margin in q2 2024 non-gaap earnings per share(1) of $0.20, compared to non-gaap earnings per share(1) of $0.14 for q2 2024 operating cash flow(3) of $33.9 million q3 2025 expectations: total contribution ex-tac(1) to be between $161 million and $165 million contribution ex-tac(1) attributable to ctv to be between $71 million and $73 million (representing growth of 10% to 13% or 17% to 20% excluding political) contribution ex-tac(1) attributable to dv+ to be between $90 million and $92 million (representing growth of 6% to 8%) adjusted ebitda operating expenses(4) to be between $109 million and $111 million reinstating previous full-year 2025 expectations: total contribution ex-tac(1) growth above 10% excluding political, total contribution ex-tac(1) growth in the mid-teens mid-teens percentage growth of adjusted ebitda(1) increasing adjusted ebitda margin(2) expansion to at least 150 basis points, from 100 basis points previously high-teens to 20% growth in free cash flow(5) “we delivered total top-line results and adjusted ebitda that exceeded our guidance for the second quarter, with significant upside from dv+.
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