8/108 sources · 5 publishersUpdated Nov 6, 01:44 UTC
Magnite posts strong Q3 2026 results, beats revenue and EPS estimates and raises outlook
+1 new source since this summary was written
Magnite reported Q3 2026 non‑GAAP earnings of $0.33 per share, topping consensus estimates. Revenue reached $204.2 million, up 13.8% year‑over‑year and above expectations. The company highlighted 39% CTV growth, 5% DV+ growth and a $12 million political ad contribution, and raised its full‑year guidance, including a Q4 contribution ex‑TAC range of $227 million‑$233 million.
Why it matters
Scotiabank lifted its price target to $30, citing the earnings beat and stronger guidance. The higher outlook and strong margin expansion may support further share price appreciation.
Key facts
- 1Q3 2026 non‑GAAP EPS was $0.33, beating estimates. seekingalpha.com
- 2Revenue was $204.2 million, up 13.8% YoY and above consensus. seekingalpha.com
- 3Contribution ex‑TAC for the quarter was $200.6 million. seekingalpha.com
- 4EBITDA was $83.4 million, representing a 42% margin. investing.com
- 5CTV revenue grew 39% year‑over‑year. finance.yahoo.com
- 6DV+ revenue grew 5% year‑over‑year. finance.yahoo.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.