Magnite Analysts Boost Their Forecasts After Better-Than-Expected Q2 Earnings

Magnite, Inc. (NASDAQ:MGNI) reported better-than-expected earnings for the second quarter on Wednesday.

The company posted quarterly earnings of 20 cents per share which beat the analyst consensus estimate of 17 cents per share. The company reported quarterly sales of $173.332 million which beat the analyst consensus estimate of $157.227 million.

“We delivered total top-line results and Adjusted EBITDA that exceeded our guidance for the second quarter, with significant upside from DV+. We see acceleration in second-half 2025 growth in both CTV and DV+, despite some continued uncertainty related to the macro environment. In CTV, our growth was fueled by new and expanded partnerships, entry of SMB advertisers, our critical role ...