Magnite, Inc. · NASDAQ:MGNI

Magnite — Q1 2026 Earnings Presentation

16 slides from Magnite's earnings presentation, May 6, 2026

  1. Slide 1: Financial Highlights Q1 2026

    Financial Highlights Q1 2026 May 6, 2026 © Magnite | 1

  2. Slide 2: Safe Harbor

    Safe Harbor FORWARD-LOOKING STATEMENTS This presentation and management's prepared remarks during the conference call discussing first quarter 2026 results include, and management's answers to questions during the conference call may include, forward-looking statements, including statements based upo

  3. 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 techno

  4. Slide 4: Q1 Highlights

    Q1 Highlights → Contribution ex-TAC(1) of $160.9 million, an increase of 10% year-over-year, at the high end of $157 to $161 million guidance range → Contribution ex-TAC(1) attributable to CTV of $82.3 million, an increase of 30% year-over-year, within the guidance range of $81 to $83 million → Cont

  5. Slide 5: Q2 2026 Guidance

    Q2 2026 Guidance → Total Contribution ex-TAC(1) to be between $177 and $181 million → Contribution ex-TAC(1) attributable to CTV to be between $90 and $92 million → Contribution ex-TAC(1) attributable to DV+ to be between $87 and $89 million → Adjusted EBITDA operating expenses(2) to be between $115

  6. Slide 6: 2026 Full-Year Guidance

    2026 Full-Year Guidance → Reaffirm total Contribution ex-TAC(1) growth at least 11% → Reaffirm Adjusted EBITDA(1) percentage growth in the mid-teens → Raise Adjusted EBITDA margin(2) to be at least 35.5% from greater than 35% → Raise free cash flow(3) growth to be in the mid 30% range from greater than

  7. 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 → Roku introduced Roku Curate, powered in part by Magnite SpringServe, to simplify CTV targeting by pairing platform insights with t

  8. Slide 8: Q1 2026 Summary

    Q1 2026 Summary Financial Measures ($MM except per share data) Q1 2026 Q1 2025 Change Fav / (Unfav) Revenue $164.4 $155.8 6% Gross Profit $104.0 $93.0 12% (1) Contribution ex-TAC $160.9 $145.8 10% Net income (loss) $4.4 ($9.6) NM Adjusted EBITDA(1) $42.9 $36.8 16% Adjusted EBITDA margin(2) 26.6% 25.2

  9. Slide 9: Cash Flow and Balance Sheet Highlights

    Cash Flow and Balance Sheet Highlights Operating Cash Flow Highlights ($MM) Balance Sheet Highlights ($MM) Q1 2026 Q1 2025 Mar 31, 2026 Dec 31, 2025 Adjusted EBITDA(1) $42.9 $36.8 Cash & equivalents $184.6 $553.4 Less capital expenditures (19.6) (18.6) Debt $350.8 $556.1 Operating cash flow(2) $23.3

  10. 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

  11. Slide 11: Amortization Schedule

    Amortization Schedule Remaining Amortization Schedule for Acquired Intangibles by Period ($MM) Amount 2026 5.5 2027 2.5 2028 1.4 Thereafter 0.5 Total Remaining Amortization of Acquired Intangibles $9.8 Note: Amounts may not foot due to rounding. © Magnite | 11

  12. Slide 12: Q1 Reconciliation of Net Income (Loss) to Adjusted EBITDA

    Q1 Reconciliation of Net Income (Loss) to Adjusted EBITDA Reconciliation of Net Income to Adjusted EBITDA ($MM) Q1 2026 Q1 2025 Net income (loss) $4.4 ($9.6) Add back (deduct): Stock-based compensation expense 19.7 21.2 Depreciation and amortization exp., excl. amortization of acquired intangible as

  13. Slide 13: Q1 Reconciliation of Net Income (Loss) to Non-GAAP Income

    Q1 Reconciliation of Net Income (Loss) to Non-GAAP Income Reconciliation of Net Income to Non-GAAP Income ($MM, except per share figures) Q1 2026 Q1 2025 Net income (loss) $4.4 ($9.6) Add back (deduct): Stock-based compensation expense 19.7 21.2 Merger, acquisition and restructuring costs, including

  14. Slide 14: Q1 Calculation of Basic and Diluted Earnings (Loss) Per Share

    Q1 Calculation of Basic and Diluted Earnings (Loss) Per Share Calculation of Basic and Diluted Earnings (Loss) Per Share ($MM, except per share figures) Q1 2026 Q1 2025 Net income (loss) $4.4 ($9.6) Weighted-average common shares used in basic earnings (loss) per share 143.5 141.9 Basic earnings (los

  15. 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) Q1 2026 Q1 2025 CTV Mobile Desktop Total CTV Mobile Desktop Total Contribution ex-TAC $82.3 $55.4 $23.3 $160.9 $63.2 $58.0 $24.6 $145.8 Percent of Total 51% 34% 15% 43% 40% 17% Revenue Split by Geograp

  16. 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) Q1 2026 Q1 2025 Revenue $164.4 $155.8 Less: Cost of Revenue 60.4 62.8 Gross Profit 104.0 93.0 Add back: Cost of revenue, excluding TAC 56.9 52.9 Contribution ex-TAC $

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