Magnite Raises Growth Outlook and Targets 38.5% Adjusted EBITDA Margin by 2027
Magnite (MGNI) reported strong third-quarter results, which CEO Michael Barrett characterized as one of the company's best quarters to date. The performance was driven by broad-based growth across Connected TV (CTV) and Digital Video (DV+) segments, signaling robust demand in its core advertising technology sectors. Looking ahead, management has raised its 2026 contribution ex-TAC growth outlook to approximately 17%. Furthermore, the company provided long-term guidance targeting an adjusted EBITDA margin of at least 38.5% by 2027, reflecting confidence in sustained operational momentum and scaling efficiencies.
Tickers: $MGNI
Topics: CTV DV+ earnings report quarterly performance
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