Magnite
Runs sell-side marketplaces and ad-serving tools for streaming and digital publishers.
Something off on this page? Send us feedback.
Profile
Runs sell-side software that helps streaming and digital publishers manage inventory and sell ads through automated auctions and direct deals. Revenue usually comes from a share of ad spend, while CTV inventory and demand are concentrated among relatively few publishers and demand-side platforms.
Automates digital advertising sales across connected TV and the broader DV+ channel. SpringServe combines CTV ad serving, mediation, and programmatic selling; DV+ covers mobile, desktop, online video, display, and audio. Demand Manager manages header bidding, while ClearLine lets advertisers and agencies access and curate inventory directly. Revenue generally comes from a share of advertising spend, with fixed per-impression or monthly fees used for some services.
Operates worldwide, with established teams in North America, Europe, and Australia and a developing presence in Asia and South America. Its infrastructure processes high-volume auctions, filters unlikely bids, and gives publishers controls for pricing, yield, ad quality, and TV-style commercial breaks. Results depend on inventory from a limited group of CTV sellers, demand routed through a concentrated set of demand-side platforms, and compliance with expanding privacy rules.
Company facts
Categories
Key statistics
Year to date +47.4% · Average volume (30d) 2.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 6, 2026 | Scotiabank | Reiterate | Outperform | $16 | $27 |
| Aug 6, 2026 | Evercore ISI | Reiterate | Outperform | $21 | $25 |
| Aug 6, 2026 | RBC Capital | Reiterate | Outperform | $20 | $27 |
| Aug 6, 2026 | BTIG | Reiterate | Buy | $20 | $27 |
| Jun 9, 2026 | BTIG | Target | $20 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.24 | $0.26 | +7.0% | $179.1M | $189.6M | +5.8% | +17.66% |
| May 6, 2026Q1 FY26 | $0.11 | $0.13 | +23.0% | $159.2M | $160.9M | +1.0% | +4.56% |
| Feb 25, 2026Q4 FY25 | $0.35 | $0.34 | −2.9% | $194.2M | $195.1M | +0.4% | +12.61% |
| Nov 5, 2025Q3 FY25 | $0.20 | $0.20 | 0.0% | $193.9M | $179.5M | −7.4% | −13.04% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $155.8M | $173.3M | $179.5M | $205.4M | $164.4M | $192.8M | |
| Gross profit | $93.0M | $108.4M | $110.1M | $135.8M | $104.0M | $130.8M | |
| Operating income | −$1.4M | $22.0M | $25.0M | $52.1M | $7.7M | $31.2M | |
| Net income | −$9.6M | $11.1M | $20.1M | $123.1M | $4.4M | $19.4M | |
| Diluted EPS | −$0.07 | $0.08 | $0.13 | $0.81 | $0.03 | $0.13 | |
| Gross margin | 59.7% | 62.5% | 61.4% | 66.2% | 63.2% | 67.8% | |
| Operating margin | -0.9% | 12.7% | 14.0% | 25.4% | 4.7% | 16.2% |
Fiscal years (4-quarter sums)FY21 $468.4M · FY22 $577.1M · FY23 $619.7M · FY24 $668.2M · FY25 $714.0M
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $332.6M · Total debt $417.0M · Total assets $3.03B · Shareholders' equity $936.3M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 143.22M · Float 141.15M · 98.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 12.71M | 8.88% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 8.20M | 5.72% | 13F | Aug 13, 2026 |
| FMR LLC | 7.76M | 5.42% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 6.23M | 4.35% | 13F | Aug 13, 2026 |
| Wellington Management Group LLP | 6.04M | 4.22% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 28, 2026 | Sarah Patricia Harden | director | −18,436 | $24.00 |
| Aug 26, 2026 | Sarah Patricia Harden | director | −30,550 | $23.31 |
| Aug 14, 2026 | Paul Caine | director | −7,500 | $25.00 |
| Aug 18, 2026 | Sean Patrick Buckley | officer: See Remarks | −2,759 | $25.00 |
| Aug 17, 2026 | Sean Patrick Buckley | officer: See Remarks | −8,271 | $24.31 |
Peers
- Alphabet Class A
Dominant integrated stack: publisher ad server, exchange, and CTV walled garden
- Comcast
FreeWheel: the CTV ad server and SSP most direct head-to-head with SpringServe
- Amazon
Walled-garden ad giant: Prime Video CTV, APS TAM SSP, and Amazon DSP
- PubMatic
Closest pure-play independent SSP peer: omnichannel, CTV-growing, commerce media
- The Trade Desk
Largest independent DSP; OpenPath and Sincera encroach on SSP middleware
- Nexxen International (ADR)
Unified video and CTV SSP + DSP differentiated by exclusive VIDAA ACR data
- Meta
Social-media walled garden drawing ad budgets away from open programmatic
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Magnite | $23.10 | −2.45% | $3.39B | 21.5 | 20.2 | 4.6 | +9.4% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| Comcast | $27.08 | +0.09% | $96.03B | 8.8 | 7.7 | 0.8 | −1.2% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| PubMatic | $16.82 | +0.15% | $785.6M | — | 71.8 | 2.7 | +10.6% |
| The Trade Desk | $13.60 | +0.18% | $6.38B | 16.0 | 123.2 | 2.1 | +3.0% |
| Nexxen International (ADR) | $10.23 | +0.15% | $570.0M | 45.9 | 9.0 | 1.5 | +7.5% |
| Meta | $578.36 | +0.06% | $1.47T | 21.8 | 19.0 | 6.5 | +28.0% |
| Median | 19.4 | 25.8 | 2.7 | +10.6% |