Magnite delivered strong third-quarter results, with sales excluding traffic acquisition costs up 20% year over year, led by 39% growth from connected TV. The adjusted EBITDA margin expanded by eight percentage points, and management raised its 2026 outlook.
By emphasizing connected television monetization, Magnite could benefit disproportionately from streaming platforms' growing use of programmatic advertising to generate returns on content investment.
Artificial intelligence is disrupting how humans consume content on the web - pushing down the value of ad inventory and creating a headwind to the revenue Magnite derives from the website advertising.
Metric | MGNI | TTD | APP |
|---|---|---|---|
Price/Earnings (Normalized) | 34.12 | 9.30 | 26.30 |
Price/Book Value | 4.26 | 2.70 | 39.73 |
Price/Sales | 5.69 | 2.45 | 17.55 |
Price/Cash Flow | 18.68 | 7.38 | 24.82 |
Metric | MGNI | TTD | APP |
|---|---|---|---|
Quick Ratio | 1.02 | 1.75 | 3.71 |
Current Ratio | 1.04 | 1.79 | 3.80 |
Interest Coverage | 8.79 | — | 29.99 |
Metric | MGNI | TTD | APP |
|---|---|---|---|
Return on Assets (Normalized) | 5.28% | 12.38% | 69.37% |
Return on Equity (Normalized) | 17.64% | 28.54% | 212.93% |
Return on Invested Capital (Normalized) | 12.40% | 22.99% | 91.02% |
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