MAGNITE, INC. — Form 8-K
Filed November 4, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 62/100
What the filing says
Magnite reported Q3 2026 revenue of $204.2M (+14% YoY), Contribution ex-TAC of $200.6M (+20%, beating guidance of $188–$192M), and Adjusted EBITDA of $83.4M (+46%, 42% margin vs. 34% prior year). CTV contribution surged 39% to $105.4M, now 53% of total contribution. The company raised full-year 2026 Contribution ex-TAC growth guidance to ~17% (from 13–14%), Adjusted EBITDA growth to ~30% (from >20%), and Adjusted EBITDA margin to ~38.5% (from ≥37%). Net income was $34.0M ($0.23 diluted EPS); Non-GAAP EPS was $0.33. Political revenue exceeded expectations; 2027 guidance projects >15% top-line growth (excluding political).
Why this rating
Strong beat on Contribution ex-TAC and margin expansion demonstrate operational leverage. Guidance raises across all metrics signal confidence. At ~$2B market cap, 20% Contribution growth and 46% EBITDA growth are material; however, event is earnings beat (not transformational M&A/crisis). Significant but not trajectory-altering.
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