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Magnite Q2 Beat Fuels CTV Momentum; Guidancen Lifts MGNI

Aug 6, 2026, 8:07 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Strong beat on EPS/revenue, CTV growth and guidance upgrades typically drive multiple expansion and positive sentiment, evidenced by an 11% pre-market rally and elevated price targets.

AI summary

What happened, with direct paths to the underlying reporting

Magnite delivered a stronger-than-expected Q2, posting adjusted EPS of $0.26 on revenue of $192.8 million, beating estimates. Growth was led by 36% year-over-year CTV expansion and a rebound in DV+, supported by SpringServe. With Q3 guidance above consensus, analysts raised targets and the stock surged in pre-market trading.

Q2 adj EPS 0.26 vs 0.25 est; revenue $192.8m vs $179.2m.
CTV grew 36% YoY; DV+ rebound supports growth.
Q3 revenue guide $188m-$192m above consensus.
Shares up 11.2% pre-market to $22.99; PTs raised.

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StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.

Magnite Q2 Beat Fuels CTV Momentum; Guidancen Lifts MGNI

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Magnite (MGNI) Tops Q1 Earnings and Revenue Estimates