Magnite reported Q4 2025 revenue of USD 205.4 million, up 6.0%, and Contribution ex-TAC of USD 195.1 million, up 8.0% (up 16.0% excluding political). Q4 net income was USD 123.1 million and diluted EPS was USD 0.80; the company said results benefited from a USD 90 million one-time tax benefit tied to releasing a valuation allowance on deferred tax assets. Q4 adjusted EBITDA was USD 83.8 million, up 9.0%, with an adjusted EBITDA margin of 43% (42.9% as reported), while non-GAAP EPS was USD 0.34. For FY 2025, Magnite posted revenue of USD 714.0 million, up 7.0%, Contribution ex-TAC of USD 669.6 million, up 10.0%, net income of USD 144.6 million, and adjusted EBITDA of USD 232.1 million, up 18.0%. CTV Contribution ex-TAC in Q4 was USD 93.6 million, up 20.0% (up 32.0% excluding political), and FY 2025 CTV Contribution ex-TAC was USD 304.2 million, up 17.0% (up 22.0% excluding political), representing 45% of total Contribution ex-TAC; DV+ Contribution ex-TAC in Q4 was USD 101.5 million, down 1.0%. Magnite ended 2025 with USD 553.4 million in cash and cash equivalents and said it had zero net leverage. The board approved a new USD 200.0 million share repurchase program through February 29, 2028, after repurchasing or withholding about 5.2 million shares for USD 79.2 million during 2025. For Q1 2026, Magnite guided Contribution ex-TAC of USD 157.0 million to USD 161.0 million and adjusted EBITDA operating expenses of about USD 122.0 million, and for FY 2026 it expects total Contribution ex-TAC growth of at least 11.0%, adjusted EBITDA margin greater than 35%, free cash flow growth greater than 30.0%, and capex of about USD 60.0 million. CEO Michael Barrett said the company is seeing an inflection in programmatic CTV growth and a spend shift into CTV from other digital areas, including DV+.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magnite Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602251605PRIMZONEFULLFEED9661427) on February 25, 2026, and is solely responsible for the information contained therein.