• Magnite first-quarter 2026 earnings call drew CEO Michael Barrett, CFO David Day, IR head Nick Kormeluk, analysts from Benchmark, Susquehanna, Craig-Hallum, Needham, B. Riley, Wolfe Research, Evercore, Rosenblatt, RBC, Lake Street.
• Revenue reached USD 164 million, up 6% year over year; contribution ex-TAC rose 10% to USD 161 million, driven by 30% growth in CTV contribution ex-TAC to USD 82 million, offset by 5% decline in DV+.
• Adjusted EBITDA increased 16% to USD 43 million, margin 27%; management tied upside to durable cloud-cost optimization, some early AI productivity gains, shift of activity from cloud to on-prem, with additional margin opportunity flagged into 2027.
• Second-quarter outlook called for contribution ex-TAC of USD 177 million to USD 181 million, including CTV of USD 90 million to USD 92 million; full-year targets reaffirmed for at least 11% contribution ex-TAC growth, mid-teens adjusted EBITDA growth, adjusted EBITDA margin raised to at least 35.5%, free cash flow growth raised to mid-30% range.
• Day set to retire, staying through Sept. 30; cash ended quarter at USD 185 million after USD 205 million convertible debt payoff, with plan to step up share repurchases and return about 50% of free cash flow via buybacks.

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 on May 07, 2026, and is solely responsible for the information contained therein.