Magnite, Inc. (MGNI) stock — is it a good business?

Magnite, Inc. (MGNI) stock — is it a good business? — InspectStocks

Just reported

Q3 2026 results

From Magnite's results release of November 4, 2026; its quarterly report has since been filed.

Revenue
Actual
$204.2M
+14% y/y
+5.9% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.23
+77% y/y
+77% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$50.5M
+102% y/y
+62% q/q
Guided
—
No guide given

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

How it makes money

Fees from buying and selling digital advertising space100%

Shares of revenue are estimates for six months ended June 30, 2026, not figures from a filing.

Competes with

What it sells6

SpringServe
Software for streaming publishers to manage and sell their ad space, including tools to arrange ads into TV-style breaks and control how ads appear.
ClearLine
A self-service tool that lets advertisers and agencies find premium streaming ad space and assemble custom ad deals.
Magnite Curator Marketplace
A tool for creating ad packages that combine selected advertising space with audience information from the publisher or other data providers.

Show 3 more

Demand Manager
Software that helps website and app publishers manage bids from multiple ad buyers for the same advertising space.
Streamr.ai
Tools that help smaller businesses create video ads and set up streaming television ad campaigns.
Live Stream Acceleration
Software that helps streaming publishers handle sudden increases in ad requests during live events.

Who buys it4

Streaming services, broadcasters and device makers use Magnite's software to manage and sell ads in their video content.
Website and app publishers use the software to sell ad space on desktop and mobile devices.
Brands and advertising agencies buy ad space, either through ad-buying companies or directly using Magnite's tools.
Demand-side platforms (DSPs)—software companies that buy ad space for advertisers—connect to Magnite and bid on available ads.

What it stands on, and what could break it

What the business leans on

1Revenue depends on advertisers continuing to spend on digital ads; advertising budgets can change with economic conditions.
2A relatively small number of large publishers provide much of the audience available to advertisers, particularly in streaming television.
3A small number of demand-side platforms handle a large share of ad buying, making those relationships important sources of buyer spending.
4Some mobile ad inventory reaches Magnite through third-party software providers; losing those relationships could reduce the inventory available to sell.
5Magnite and its clients rely on using data to target and deliver ads, making the business dependent on privacy rules and permitted data use.

What could go wrong

1A fall in advertising demand, including when advertisers cut budgets during economic uncertainty, can reduce the number and price of ads sold through Magnite.
2Publishers and buyers can end or reduce non-exclusive relationships, often without long-term spending commitments; losing a major streaming publisher or ad-buying source could quickly reduce available inventory or ad spending.
3Privacy laws and limits on collecting or using audience data could make ad targeting harder, increase compliance costs, or reduce the value of the ad space sold through Magnite.

Full financial statements →

About Magnite, Inc.

Magnite connects publishers—such as streaming services, websites and apps—with advertisers and the companies that buy ads for them. Its software automates the sale of advertising space, often by sending an ad opportunity to buyers who bid for it. It handles ads on connected television (CTV), mobile devices and desktop computers, and provides tools for publishers to manage ad breaks and for buyers to find and arrange ad deals.

Head office: Los Angeles, California
Founded: 2007
Employees: 971 (December 31, 2025, high)
Listed on: Nasdaq
Financial year ends: December 31

Built from Magnite, Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q3 2026 results

From Magnite's results release of November 4, 2026; its quarterly report has since been filed.

Revenue
Actual
$204.2M
+14% y/y
+5.9% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.23
+77% y/y
+77% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$50.5M
+102% y/y
+62% q/q
Guided
—
No guide given

Keep exploring

The themes Magnite is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Advertising Agencies

Graded A or B and worth $2B or more: A first, then the largest.

Grade rose recently in Communication Services

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

How it makes money

Fees from buying and selling digital advertising space100%

Shares of revenue are estimates for six months ended June 30, 2026, not figures from a filing.

Competes with

What it sells6

SpringServe
Software for streaming publishers to manage and sell their ad space, including tools to arrange ads into TV-style breaks and control how ads appear.
ClearLine
A self-service tool that lets advertisers and agencies find premium streaming ad space and assemble custom ad deals.
Magnite Curator Marketplace
A tool for creating ad packages that combine selected advertising space with audience information from the publisher or other data providers.

Show 3 more

Demand Manager
Software that helps website and app publishers manage bids from multiple ad buyers for the same advertising space.
Streamr.ai
Tools that help smaller businesses create video ads and set up streaming television ad campaigns.
Live Stream Acceleration
Software that helps streaming publishers handle sudden increases in ad requests during live events.

Who buys it4

Streaming services, broadcasters and device makers use Magnite's software to manage and sell ads in their video content.
Website and app publishers use the software to sell ad space on desktop and mobile devices.
Brands and advertising agencies buy ad space, either through ad-buying companies or directly using Magnite's tools.
Demand-side platforms (DSPs)—software companies that buy ad space for advertisers—connect to Magnite and bid on available ads.

What it stands on, and what could break it

What the business leans on

1Revenue depends on advertisers continuing to spend on digital ads; advertising budgets can change with economic conditions.
2A relatively small number of large publishers provide much of the audience available to advertisers, particularly in streaming television.
3A small number of demand-side platforms handle a large share of ad buying, making those relationships important sources of buyer spending.
4Some mobile ad inventory reaches Magnite through third-party software providers; losing those relationships could reduce the inventory available to sell.
5Magnite and its clients rely on using data to target and deliver ads, making the business dependent on privacy rules and permitted data use.

What could go wrong

1A fall in advertising demand, including when advertisers cut budgets during economic uncertainty, can reduce the number and price of ads sold through Magnite.
2Publishers and buyers can end or reduce non-exclusive relationships, often without long-term spending commitments; losing a major streaming publisher or ad-buying source could quickly reduce available inventory or ad spending.
3Privacy laws and limits on collecting or using audience data could make ad targeting harder, increase compliance costs, or reduce the value of the ad space sold through Magnite.

Full financial statements →

About Magnite, Inc.

Head office: Los Angeles, California
Founded: 2007
Employees: 971 (December 31, 2025, high)
Listed on: Nasdaq
Financial year ends: December 31

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

How it makes money

Competes with

What it sells6

Who buys it4

What it stands on, and what could break it

What the business leans on

What could go wrong

About Magnite, Inc.

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Keep exploring

The theme it is part of

Highest-graded in Advertising Agencies

Grade rose recently in Communication Services

How it makes money

Competes with

What it sells6

Who buys it4

What it stands on, and what could break it

What the business leans on

What could go wrong

About Magnite, Inc.

Magnite, Inc.

Keep exploring

The theme it is part of

Highest-graded in Advertising Agencies

Grade rose recently in Communication Services

Digital advertising

Growth & cash — 5 of 5

Business trend

Share price and grade over time

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

How it makes money

Competes with

What it sells6

Who buys it4

What it stands on, and what could break it

What the business leans on

What could go wrong

About Magnite, Inc.

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Keep exploring

The theme it is part of

Highest-graded in Advertising Agencies

Grade rose recently in Communication Services

How it makes money

Competes with

What it sells6

Who buys it4

What it stands on, and what could break it

What the business leans on

What could go wrong

About Magnite, Inc.

Magnite, Inc.

Past performance

Keep exploring

The theme it is part of

Highest-graded in Advertising Agencies

Grade rose recently in Communication Services

Digital advertising

Growth & cash — 5 of 5

Business trend

Share price and grade over time