Key Highlights

  • Magnite (NASDAQ:MGNI) was USD 27.03 in a published screener snapshot on November 5, 2026, up 18.60% in the latest session, 24.33% over one week and 7.65% over one month, with a 6-month gain of 96.72%.
  • Third quarter results, released November 4, 2026, showed Revenue of USD 204.2 million, up 14% from USD 179.5 million, and contribution ex-TAC of USD 200.6 million, up 20% from USD 166.8 million.
  • Connected TV contribution ex-TAC rose 39% to USD 105.4 million, 53% of the total; Net Income rose 70% to USD 34.0 million and diluted EPS was USD 0.23 against USD 0.13.
  • Adjusted EBITDA grew 46% to USD 83.4 million, a 42% Margin versus 34%, and 2026 guidance was raised to about 17% contribution ex-TAC growth, up from 13% to 14%.

What Moved Magnite (+24.33% in a Week)

Magnite (NASDAQ:MGNI) reported third quarter 2026 results on November 4, 2026 for the quarter ended September 30. Revenue was USD 204.2 million, up 14%, and contribution ex-TAC USD 200.6 million, up 20%. Connected TV contributed USD 105.4 million, up 39% from USD 75.8 million, while DV+ contributed USD 95.3 million, up 5%. Net income was USD 34.0 million, up 70% from USD 20.1 million, and non-GAAP EPS was USD 0.33 against USD 0.20. The shares closed at USD 27.03 in the November 5, 2026 snapshot, up 18.60% in the latest session, 24.33% over one week and 7.65% over one month.

Why Ad Tech Re-Rates on a Beat and Raise

The catalyst is an Earnings beat paired with a guidance raise. Full year contribution ex-TAC growth is now about 17% from 13% to 14%, adjusted EBITDA growth about 30% from above 20%, margin about 38.5% from at least 37%, and free Cash Flow growth above 60%. Fourth quarter contribution ex-TAC is guided to USD 227 million to USD 233 million, with connected TV at USD 124 million to USD 127 million. Political spending is expected at nearly 3 times the initial forecast. For 2027 the company expects Top Line growth above 15% excluding political and Google remedies, or 10% reported. As general context, Operating Leverage matters here: adjusted EBITDA grew 46% on 20% growth in contribution ex-TAC.

Valuation, Liquidity and Risks After a 96.72% Six Month Run

The 6-month gain of 96.72% and 3-month gain of 9.52% mean much of the rerating predates this report, so expectations were high. Cash fell to USD 392.9 million from USD 553.4 million at year end 2025 while total Debt dropped to about USD 349.9 million from USD 556.1 million after USD 205.1 million of convertible notes were repaid. Receivables were USD 1,432.2 million. A market value, P/E and average Volume were not retrieved and are not estimated. Political ad revenue is cyclical and 2027 reported growth of 10% is below 2026, which is a specific risk. After an 18.60% one day jump, a small number of trades can move the price, spreads can be wide, and the move can reverse.

Where Things Stand

Magnite (NASDAQ:MGNI) surged because third quarter revenue grew 14% to USD 204.2 million, adjusted EBITDA rose 46% to USD 83.4 million and management raised its 2026 outlook. At USD 27.03 it is up 24.33% in a week, 7.65% in a month and 96.72% in six months, placing it on the Mid cap 1-week gainers list from a published screener snapshot of November 5, 2026.