Slide 1: Financial Highlights Q2 2026
Financial Highlights Q2 2026 August 5, 2026 © Magnite | 1
Slide 2: Safe Harbor
Safe Harbor FORWARD-LOOKING STATEMENTS This presentation and management's prepared remarks during the conference call discussing second quarter 2026 results include, and management's answers to questions during the conference call may include, forward-looking statements, including statements based u
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures In addition to our GAAP results, we review certain non-GAAP financial measures to help us evaluate our business on a consistent basis, measure our performance, identify trends affecting our business, establish budgets, measure the effectiveness of investments in our techn
Slide 4: Q2 Highlights
Q2 Highlights → Contribution ex-TAC(1) of $189.6 million, up 17% year-over-year, exceeded the high end of guidance of $177 to $181 million → Contribution ex-TAC(1) attributable to CTV of $97.1 million, up 36% year-over-year, exceeded the high end of guidance of $90 to $92 million → Contribution ex-T
Slide 5: Q3 2026 Guidance
Q3 2026 Guidance → Total Contribution ex-TAC(1) to be between $188 million and $192 million → Contribution ex-TAC(1) attributable to CTV to be between $98 million and $100 million → Contribution ex-TAC(1) attributable to DV+ to be between $90 million and $92 million → Adjusted EBITDA operating expen
Slide 6: 2026 Full-Year Guidance
2026 Full-Year Guidance → Raising total Contribution ex-TAC(1) growth to be between 13% and 14%, up from at least 11% → Raising Adjusted EBITDA(1) percentage growth to be greater than 20% from the mid-teens → Raising Adjusted EBITDA margin(2) to be at least 37% from at least 35.5% → Raising free cas
Slide 7: Recent Wins
Recent Wins → Walmart Connect launched Connect Select, using Magnite as an SSP partner to provide scalable, data-driven access to premium CTV and omnichannel inventory → Samsung Ads selected Magnite’s SpringServe to power automated ad buying and decisioning for its home screen placements globally →
Slide 8: Q2 2026 Summary
Q2 2026 Summary Financial Measures ($MM except per share data) Q2 2026 Q2 2025 Change Fav / (Unfav) Revenue $192.8 $173.3 11% Gross Profit $130.8 $108.4 21% (1) Contribution ex-TAC $189.6 $162.0 17% Net income (loss) $19.4 $11.1 75% Adjusted EBITDA(1) $70.6 $54.4 30% Adjusted EBITDA margin(2) 37% 34%
Slide 9: Cash Flow and Balance Sheet Highlights
Cash Flow and Balance Sheet Highlights Operating Cash Flow Highlights ($MM) Balance Sheet Highlights ($MM) Q2 2026 Q2 2025 June 30, 2026 Dec 31, 2025 Adjusted EBITDA(1) $70.6 $54.4 Cash & equivalents $332.6 $553.4 Less capital expenditures (13.2) (20.5) Debt $350.4 $556.1 Operating cash flow(2) $57.4
Slide 10: Net Leverage
Net Leverage Note: Net Leverage is calculated as current and non-current debt outstanding less cash & cash equivalents over trailing 4 quarter Adjusted EBITDA. © Magnite | 10
Slide 11: Amortization Schedule
Amortization Schedule Remaining Amortization Schedule for Acquired Intangibles by Period ($MM) Amount 2026 3.0 2027 2.5 2028 1.4 Thereafter 0.5 Total Remaining Amortization of Acquired Intangibles $7.3 Note: Amounts may not foot due to rounding. © Magnite | 11
Slide 12: Q2 Reconciliation of Net Income to Adjusted EBITDA
Q2 Reconciliation of Net Income to Adjusted EBITDA Reconciliation of Net Income to Adjusted EBITDA ($MM) Q2 2026 Q2 2025 Net income $19.4 $11.1 Add back (deduct): Stock-based compensation expense 19.6 19.6 Depreciation and amortization exp., excl. amortization of acquired intangible assets 12.1 9.3
Slide 13: Q2 Reconciliation of Net Income to Non-GAAP Income
Q2 Reconciliation of Net Income to Non-GAAP Income Reconciliation of Net Income to Non-GAAP Income ($MM, except per share figures) Q2 2026 Q2 2025 Net income $19.4 $11.1 Add back (deduct): Stock-based compensation expense 19.6 19.6 Merger, acquisition and restructuring costs, including amortization o
Slide 14: Q2 Calculation of Basic and Diluted Earnings Per Share
Q2 Calculation of Basic and Diluted Earnings Per Share Calculation of Basic and Diluted Earnings Per Share ($MM, except per share figures) Q2 2026 Q2 2025 Net income $19.4 $11.1 Weighted-average common shares used in basic earnings per share 143.0 141.7 Basic earnings per share $0.14 $0.08 Net income
Slide 15: Contribution Ex-TAC by Channel and Revenue by Geography
Contribution Ex-TAC by Channel and Revenue by Geography Contribution Ex-TAC Split by Channel ($MM) Q2 2026 Q2 2025 CTV Mobile Desktop Total CTV Mobile Desktop Total Contribution ex-TAC $97.1 $65.8 $26.7 $189.6 $71.5 $63.8 $26.6 $162.0 Percent of Total 51% 35% 14% 44% 39% 17% Revenue Split by Geograp
Slide 16: Reconciliation of Revenue to Gross Profit to Contribution Ex-TAC
Reconciliation of Revenue to Gross Profit to Contribution Ex-TAC Reconciliation of Revenue to Gross Profit to Contribution Ex-TAC ($MM) Q2 2026 Q2 2025 Revenue $192.8 $173.3 Less: Cost of Revenue 62.0 65.0 Gross Profit 130.8 108.4 Add back: Cost of revenue, excluding TAC 58.8 53.6 Contribution ex-TAC