Magnite Inc (MGNI) reported third-quarter earnings of $0.20 per share, matching Wall Street's expectations. Revenue also came in at $0.2 billion, in line with forecasts.
The results reflect the company's ongoing efforts to automate the purchase and sale of digital advertising inventory. Magnite provides technology solutions for both buyers and sellers in the digital advertising space, including connected television (CTV) channels and other digital media properties.
Magnite will host an earnings conference call later today to discuss these results and provide further insights into its business performance.
With a market cap of $2.16 billion and a trailing P/E ratio of 50.06, the company continues to navigate a competitive landscape. Upcoming earnings are scheduled for August 3, 2026, with analysts estimating an EPS of $0.2627 and revenue of $0.2 billion.
Investors are encouraged to review the full earnings release for a comprehensive understanding of the quarter's performance and future outlook.