Magnite Past Earnings Performance
Past criteria checks 5/6
Magnite has been growing earnings at an average annual rate of 45.3%, while the Media industry saw earnings growing at 12% annually. Revenues have been growing at an average rate of 10.8% per year. Magnite's return on equity is 17.8%, and it has net margins of 22.5%.
Key information
45.30%
Earnings growth rate
44.31%
EPS growth rate
| Media Industry Growth | 13.17% |
| Revenue growth rate | 10.78% |
| Return on equity | 17.82% |
| Net Margin | 22.49% |
| Last Earnings Update | 30 Jun 2026 |
Recent past performance updates
Recent updates
Seeking Alpha • 7h
Magnite: Gaining On Secular Tailwinds And AI With Strong Cash Generation
Summary Magnite is outperforming the digital ad industry, driven by CTV growth, AI-enabled platforms, and strong publisher relationships. SpringServe's evolution into a CTV operating system and Magnite Orchestration position MGNI as a leader in agentic, AI-driven advertising. MGNI delivered robust Q2 results: 36% CTV growth, 30% adjusted EBITDA growth, and raised FY26 guidance for ex-TAC, margins, and FCF. Despite a premium valuation, MGNI's secular tailwinds, operating leverage, and cash generation justify a Buy rating at $25. Read the full article on Seeking Alpha
Narrative Update • Aug 06
MGNI: CTV And Agentic Ad Infrastructure Support Balanced Future Upside Potential
Analysts lifted the fair value estimate for Magnite to $26.60 from $22.21 as they responded to a series of higher Street price targets that cite strong recent results, improving margins, and the company’s role in supporting agentic and connected TV ads. Analyst Commentary Street research on Magnite remains skewed toward a positive view, with several bullish analysts lifting price targets after recent quarterly results and product developments.
Narrative Update • Jul 20
MGNI: Walmart Data Partnership And CTV Performance Budgets Will Strain Rich Multiple
Magnite's analyst fair value estimate has been lifted from $15.00 to $17.00, as analysts point to higher Street price targets and positive commentary around growing connected TV performance ad spend and the expanded Walmart Connect partnership. Analyst Commentary Recent Street research on Magnite highlights a mix of optimism around connected TV performance budgets and the Walmart Connect expansion, alongside more cautious views tied to execution and valuation risk.Narrative Update • Jun 29
MGNI: Walmart Data Partnership Will Test Sustainability Of Current Share Price
Analysts have trimmed Magnite's implied fair value estimate from $19.00 to $15.00, reflecting more conservative assumptions on revenue growth and profit margins, while also highlighting the expanded Walmart partnership and connected TV positioning as ongoing positives. Analyst Commentary on Magnite Recent research commentary on Magnite highlights a mix of optimism around partnerships and caution around execution and growth risks.Analysis Article • Jun 18
Magnite (MGNI) Stock Could Be 19.5% Undervalued After AI Platform Launch
Magnite (MGNI) stock has been in focus after the company introduced its Magnite Orchestration platform, which connects buyer and seller agents for AI-driven programmatic campaigns across premium inventory, along with fresh partnerships and analyst commentary. See our latest analysis for Magnite. Those launches and partnerships have arrived alongside a sharp shift in market sentiment, with Magnite’s share price returning 33.61% over the past 30 days and 44.51% over 90 days. Its 1 year total...
Narrative Update • Jun 15
MGNI: Expanded Walmart Data And CTV Partnerships Will Support Higher Multiple
Analysts trimmed Magnite's fair value estimate slightly to about $33.37 from $33.86, highlighting the expanded Walmart Connect partnership and the company's role in connected TV and commerce media as key supports for the updated price target framework. Analyst Commentary Recent research commentary centers on Magnite's expanded work with Walmart Connect and how that relationship feeds into connected TV and commerce media exposure.Narrative Update • Jun 01
MGNI: Expanded Walmart Data Partnership Will Support Higher Future Trading Multiple
Narrative Update Analysts have modestly trimmed Magnite's fair value estimate from about $34.36 to $33.86. This reflects updates to growth, margin and future P/E assumptions while still highlighting the expanded Walmart partnership as a positive driver for the connected TV and commerce media opportunity.Narrative Update • May 01
MGNI: CTV And AI Partnerships Will Drive Future Upside Potential
The Magnite analyst price target edges slightly higher to about $22.21 from $22.07 as analysts factor in resilient CTV trends, recent quarterly execution, and recalibrated adtech multiples, even as several firm level targets move lower in the near term. Analyst Commentary Recent Street research shows analysts trimming Magnite price targets, while still generally pointing to solid execution and a constructive view on connected TV, or CTV, growth potential.Narrative Update • Apr 17
MGNI: CTV Momentum And Buybacks Will Drive Future Upside Potential
The analyst price target for Magnite has been revised lower by several firms to a range of about $16 to $30. Analysts cited solid recent results, reaffirmed guidance, and accelerating CTV trends, but also pointed to a reset in adtech valuation multiples and the need for broader market sentiment to improve before the stock can re-rate.Narrative Update • Apr 02
MGNI: CTV Acceleration And Share Repurchases Will Support Future Upside Potential
Analysts have trimmed Magnite's price targets into a $16 to $30 range. The updated fair value framework now reflects slightly higher discount and P/E assumptions as they balance strong recent execution with more cautious sector multiples.Narrative Update • Mar 19
MGNI: CTV Momentum And Buybacks Will Support Higher Future Multiple
Narrative Update on Magnite The updated analyst price target for Magnite has shifted alongside a lower modeled fair value and P/E multiple, with price objectives across the Street now clustering in a reduced $16 to $30 range. Analysts attribute this to strong recent execution, combined with a reset in digital adtech and broader market multiples.Narrative Update • Mar 05
MGNI: Expanding CTV Partnerships And Share Buybacks Will Drive Future Upside
Our Magnite fair value estimate has been reset lower to about $22 from $26.57 as analysts trimmed price targets, largely reflecting lower sector P/E multiples, even as they point to solid recent results and continued CTV growth potential. Analyst Commentary Recent Street research around Magnite clusters around a similar message, with lower price targets tied largely to sector P/E compression, even as analysts point to solid execution and continued potential in connected TV, or CTV.Narrative Update • Feb 19
MGNI: Expanding Premium Streaming Partnerships Will Drive Future Upside
Analysts have modestly adjusted their price target on Magnite from about $26.86 to about $26.57, reflecting updated assumptions for the discount rate, revenue growth, profit margin and future P/E. What's in the News The New York Times Advertising selected Magnite's DV+ as the preferred platform for private marketplace deals for its mobile in-app ad supply, giving advertisers access to premium audiences across The New York Times portfolio with a focus on campaign outcomes in mobile in-app environments (Key Developments).Narrative Update • Feb 04
MGNI: Expanding CTV And Live Content Partnerships Will Drive Future Upside
Analysts have nudged their price target on Magnite slightly higher to reflect updated assumptions around discount rate, revenue growth and profit margins, while also expecting a modestly lower future P/E multiple. This suggests a more refined view of the company’s risk and earnings profile rather than a major shift in outlook.Analysis Article • Feb 04
More Unpleasant Surprises Could Be In Store For Magnite, Inc.'s (NASDAQ:MGNI) Shares After Tumbling 28%
Magnite, Inc. ( NASDAQ:MGNI ) shareholders that were waiting for something to happen have been dealt a blow with a 28...Narrative Update • Jan 21
MGNI: Streaming Partnerships Will Support Higher Future Multiple Despite Softer Forecasts
Analysts have nudged their fair value estimate for Magnite to about $36.56 from roughly $36.15, reflecting updated views on revenue growth, profit margins, and a higher assumed future P/E multiple near 68x. What's in the News America's Test Kitchen selected Magnite and PubMatic to power programmatic monetization across its Free Ad-Supported Streaming TV channels on major connected TV platforms, giving brands access to 24/7 cooking content and younger streaming focused households (Key Developments).Narrative Update • Jan 07
MGNI: Expanding ClearLine And CTV Partnerships Will Drive Future Upside
Analysts have kept their price target for Magnite broadly steady at around US$26.86, with only slight tweaks to assumptions such as the discount rate and future P/E. These reflect fine tuning rather than a major shift in their view of the stock.Narrative Update • Dec 24
MGNI: Expanding Publisher Partnerships Will Drive Future Upside Amid Emerging AI Ad Competition
Analysts have nudged their price target for Magnite slightly higher to approximately $26.86 per share, citing a modestly lower discount rate and marginally improved long term profit margin expectations that offset a softer projected revenue growth trajectory. What's in the News OpenAI is building in-house ad infrastructure for ChatGPT, highlighting long-term competition and partnership opportunities across ad tech platforms that include Magnite.Narrative Update • Dec 10
MGNI: Expanding Publisher Partnerships Will Drive Future Upside Despite Emerging AI Ad Competition
Analysts have nudged their price target for Magnite slightly higher to reflect marginal improvements in the discount rate and long term profitability assumptions, while keeping their fair value estimate essentially unchanged at approximately 26.86 dollars per share. What's in the News Magnite launches Live Scheduler within its SpringServe platform to help media owners standardize, package, and measure ad opportunities around live events, improving visibility and planning for buyers and DSPs such as Amazon DSP.Narrative Update • Nov 26
MGNI: Expanding Publisher Partnerships Will Drive Opportunities Despite Intensifying Ad Platform Competition
Analysts have revised Magnite's price target downward from $28.19 to $26.86, citing reduced revenue growth expectations and lower profit margin forecasts as key factors in the updated valuation. What's in the News Magnite introduces Live Scheduler, a first-of-its-kind tool within SpringServe.Analysis Article • Nov 18
Magnite, Inc.'s (NASDAQ:MGNI) 25% Cheaper Price Remains In Tune With Earnings
Unfortunately for some shareholders, the Magnite, Inc. ( NASDAQ:MGNI ) share price has dived 25% in the last thirty...Narrative Update • Aug 08
Long-term CTV Expansion Will Unlock Digital Advertising Opportunities
The upward revision in Magnite’s consensus price target reflects improved revenue growth forecasts, despite a higher future P/E, raising fair value from $26.19 to $27.58. What's in the News Magnite partnered with REMAX to monetize its digital inventory and leverage proprietary homebuyer data, enabling brands to target high-intent audiences in the real estate sector.Analysis Article • Jul 14
Magnite (NASDAQ:MGNI) Seems To Use Debt Quite Sensibly
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Jun 18
Is Magnite, Inc. (NASDAQ:MGNI) Trading At A 39% Discount?
Key Insights Magnite's estimated fair value is US$29.92 based on 2 Stage Free Cash Flow to Equity Current share price...Analysis Article • May 28
Optimistic Investors Push Magnite, Inc. (NASDAQ:MGNI) Shares Up 30% But Growth Is Lacking
Magnite, Inc. ( NASDAQ:MGNI ) shareholders are no doubt pleased to see that the share price has bounced 30% in the last...Analysis Article • Apr 04
The Price Is Right For Magnite, Inc. (NASDAQ:MGNI) Even After Diving 34%
Unfortunately for some shareholders, the Magnite, Inc. ( NASDAQ:MGNI ) share price has dived 34% in the last thirty...Seeking Alpha • Mar 19
Magnite: 2025 Will Be Determined By The Timing Of Partnerships
Summary CTV continues to drive Magnite's growth, although the company also benefitted from significant political ad spend tailwinds in 2024. While growth in 2025 is likely to be modest, due to difficult comparables, the underlying business is expected to remain robust. Growth should be supported by new CTV partners, particularly Netflix, although the timing of these isn't really clear at this stage. While this is positive, particularly given Magnite's seemingly low valuation, macro uncertainty and investor skepticism may limit MGNI stock's near-term gains. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Magnite makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 26 | 742 | 167 | 274 | 90 |
| 31 Mar 26 | 723 | 159 | 264 | 88 |
| 31 Dec 25 | 714 | 145 | 265 | 85 |
| 30 Sep 25 | 703 | 58 | 265 | 86 |
| 30 Jun 25 | 685 | 43 | 265 | 86 |
| 31 Mar 25 | 675 | 31 | 265 | 91 |
| 31 Dec 24 | 668 | 23 | 263 | 95 |
| 30 Sep 24 | 661 | 17 | 258 | 96 |
| 30 Jun 24 | 649 | -5 | 253 | 99 |
| 31 Mar 24 | 639 | -78 | 259 | 97 |
| 31 Dec 23 | 620 | -159 | 263 | 94 |
| 30 Sep 23 | 608 | -226 | 275 | 94 |
| 30 Jun 23 | 604 | -233 | 285 | 95 |
| 31 Mar 23 | 589 | -184 | 287 | 95 |
| 31 Dec 22 | 577 | -130 | 281 | 94 |
| 30 Sep 22 | 563 | -93 | 280 | 92 |
| 30 Jun 22 | 549 | -93 | 279 | 88 |
| 31 Mar 22 | 526 | -32 | 267 | 83 |
| 31 Dec 21 | 468 | 0 | 235 | 74 |
| 30 Sep 21 | 389 | 5 | 204 | 68 |
| 30 Jun 21 | 318 | 19 | 170 | 60 |
| 31 Mar 21 | 246 | -57 | 145 | 55 |
| 31 Dec 20 | 222 | -53 | 129 | 52 |
| 30 Sep 20 | 188 | -58 | 113 | 48 |
| 30 Jun 20 | 165 | -53 | 98 | 44 |
| 31 Mar 20 | 160 | -23 | 84 | 41 |
| 31 Dec 19 | 156 | -25 | 84 | 40 |
| 30 Sep 19 | 149 | -29 | 82 | 39 |
| 30 Jun 19 | 141 | -37 | 82 | 38 |
| 31 Mar 19 | 132 | -47 | 83 | 37 |
| 31 Dec 18 | 125 | -62 | 87 | 38 |
| 30 Sep 18 | 115 | -83 | 92 | 40 |
| 30 Jun 18 | 120 | -173 | 98 | 42 |
| 31 Mar 18 | 134 | -167 | 102 | 45 |
| 31 Dec 17 | 156 | -155 | 107 | 48 |
| 30 Sep 17 | 197 | -152 | 116 | 49 |
| 30 Jun 17 | 227 | -45 | 128 | 50 |
| 31 Mar 17 | 255 | -36 | 140 | 51 |
| 31 Dec 16 | 278 | -18 | 152 | 51 |
| 30 Sep 16 | 300 | 24 | 159 | 50 |
| 30 Jun 16 | 298 | 17 | 162 | 49 |
| 31 Mar 16 | 281 | 8 | 164 | 46 |
| 31 Dec 15 | 248 | 0 | 152 | 42 |
| 30 Sep 15 | 196 | -19 | 138 | 38 |
Quality Earnings: MGNI has high quality earnings.
Growing Profit Margin: MGNI's current net profit margins (22.5%) are higher than last year (6.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MGNI has become profitable over the past 5 years, growing earnings by 45.3% per year.
Accelerating Growth: MGNI's earnings growth over the past year (287%) exceeds its 5-year average (45.3% per year).
Earnings vs Industry: MGNI earnings growth over the past year (287%) exceeded the Media industry 0.04%.
Return on Equity
High ROE: MGNI's Return on Equity (17.8%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/07 22:21 |
| End of Day Share Price | 2026/08/07 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Magnite, Inc. is covered by 27 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Kurnos | Benchmark Company |
| Alexandra Ross | Berenberg |
| Omar Dessouky | BofA Global Research |