Magnite, Inc. · NASDAQ:MGNI

Magnite — Q2 2025 Earnings Presentation

16 slides from Magnite's earnings presentation, Aug 6, 2025

  1. Slide 1: Financial Highlights Q2 2025

    Financial Highlights Q2 2025 August 6, 2025 © Magnite | 1

  2. Slide 2: Safe Harbor

    Safe Harbor FORWARD-LOOKING STATEMENTS This presentation and management's prepared remarks during the conference call referred to above include, and management's answers to questions during the conference call may include, forward-looking statements, including statements based upon or relating to ou

  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: Q2 Highlights

    Q2 Highlights → Contribution ex-TAC(1) of $162.0 million, up 10% year-over-year, exceeded guidance of $154 to $160 million → Contribution ex-TAC(1) attributable to CTV of $71.5 million, up 14% year-over-year (15% excluding political), at the high end of the guidance range of $70 to $72 million → Con

  5. Slide 5: Q3 2025 Guidance

    Q3 2025 Guidance → Total Contribution ex-TAC(1) to be between $161 million and $165 million → Contribution ex-TAC(1) attributable to CTV to be between $71 million and $73 million (representing growth of 10% to 13% or 17% to 20% excluding political) → Contribution ex-TAC(1) attributable to DV+ to be

  6. Slide 6: 2025 Full-Year Expectations - Reinstating

    2025 Full-Year Expectations - Reinstating → Total Contribution ex-TAC(1) growth above 10% → Excluding political, total Contribution ex-TAC(1) growth in the mid-teens → Mid-teens percentage growth of Adjusted EBITDA(1) → Increasing Adjusted EBITDA margin(2) expansion to at least 150 basis points, fro

  7. Slide 7: Recent Wins

    Recent Wins → Netflix announced completion of its rollout of the Netflix Ads Suite across all of its ads markets → REMAX selected Magnite as its partner to monetize its onsite digital inventory and activate its first-party home buyer data offsite via curated audience packages in commerce media → FanDue

  8. Slide 8: Q2 2025 Summary

    Q2 2025 Summary Financial Measures ($MM except per share data) Three Months Ended 6/30/2025 6/30/2024 Change Fav / (Unfav) Revenue $173.3 $162.9 6% Gross Profit $108.4 $100.3 8% (1) Contribution ex-TAC $162.0 $146.8 10% Net income (loss) $11.1 ($1.1) NM Adjusted EBITDA(1) $54.4 $44.7 22% Adjusted EBI

  9. Slide 9: Cash Flow and Balance Sheet Highlights

    Cash Flow and Balance Sheet Highlights Operating Cash Flow Highlights ($MM) Balance Sheet Highlights ($MM) Q2 2025 Q2 2024 June 30, 2025 Dec 31, 2024 Adjusted EBITDA(1) $54.4 $44.7 Cash & equivalents $426.0 $483.2 Less capital expenditures (20.5) (15.1) Debt $556.4 $553.7 Operating cash flow(2) $33.9

  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 2025 4.2 2026 6.0 2027 0.5 Thereafter 0.3 Total Remaining Amortization of Acquired Intangibles $11.0 Note: Amounts may not foot due to rounding. © Magnite | 11

  12. Slide 12: Q2 Reconciliation of Net Income (Loss) to Adjusted EBITDA

    Q2 Reconciliation of Net Income (Loss) to Adjusted EBITDA Reconciliation of Net Income (Loss) to Adjusted EBITDA ($MM) Q2 2025 Q2 2024 Net income (loss) $11.1 ($1.1) Add back (deduct): Stock-based compensation expense 19.6 19.7 Depreciation and amortization expense, excluding amortization of 9.3 6.7

  13. Slide 13: Q2 Reconciliation of Net Income (Loss) to Non-GAAP Income

    Q2 Reconciliation of Net Income (Loss) to Non-GAAP Income Reconciliation of Net Income (Loss) to Non-GAAP Income ($MM, except per share figures) Q2 2025 Q2 2024 Net income (loss) $11.1 ($1.1) Add back (deduct): Stock-based compensation expense 19.6 19.7 Merger, acquisition and restructuring costs, in

  14. Slide 14: Q2 Calculation of Basic and Diluted Earnings (Loss) Per Share

    Q2 Calculation of Basic and Diluted Earnings (Loss) Per Share Calculation of Basic and Diluted Earnings (Loss) Per Share ($MM, except per share figures) Q2 2025 Q2 2024 Net income (loss) $11.1 ($1.1) Weighted-average common shares used in basic earnings (loss) per share 141.7 140.6 Basic earnings (lo

  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) Q2 2025 Q2 2024 CTV Mobile Desktop Total CTV Mobile Desktop Total Contribution ex-TAC $71.5 $63.8 $26.6 $162.0 $63.0 $57.7 $26.1 $146.8 Percent of Total 44% 39% 17% 43% 39% 18% 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 Three Months Ended Three Months Ended Contribution Ex-TAC ($MM) June 30, 2025 June 30, 2024 Revenue $173.3 $162.9 Less: Cost of Revenue 65.0 62.6 Gross Profit 108.4 100.3 Add back: Cost of rev

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