Magnite (MGNI) Q4 2025 Earnings Call Transcript

The Motley Fool

by newsfeedback@fool.com (Motley Fool Transcribing)

February 25, 2026

AI-Generated Deep Dive Summary

Magnite (MGNI) Q4 2025 earnings call highlighted a significant shift in its business dynamics with Connected TV (CTV) emerging as its largest revenue segment for the first time. CTV contributed 48% of total revenue excluding TAC, surpassing DV+ which saw a slight decline due to budget reallocations from agencies and advertisers shifting focus to CTV. The company reported strong financial performance with Q4 revenue reaching $205 million, up 6% year-over-year, and adjusted EBITDA of $84 million, yielding a robust 43% margin. Full-year contributions ex-TAC reached $670 million, growing 10%, with CTV leading at $304 million. Magnite's Q4 net income jumped to $123 million compared to $36 million in the prior year, driven by a substantial one-time tax benefit from releasing valuation allowances on deferred tax assets. The company also announced a new $200 million share repurchase authorization, underscoring its commitment to capital returns and balance sheet strength. Q1 2026 guidance projects contribution ex-TAC between $157-161 million, with CTV expected to grow by

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Originally published on The Motley Fool on 2/25/2026