Magnite

Magnite

Independent sell-side platform for programmatic advertising

Overview

Magnite helps publishers sell ad space through a sell-side platform that automates programmatic ad transactions across digital and Connected TV. Its technology optimizes inventory for higher yields and provides buyers with scalable, brand-safe inventory and fraud protection. It earns revenue by taking a commission on ad spend and offering premium services like Private Marketplaces, Programmatic Guaranteed, and Auction Packages, while remaining independent to avoid conflicts with clients. Its goal is to maximize publishers' ad revenue and provide reliable, global access to quality inventory for advertisers.

About Magnite

Simplify's Rating
Why Magnite is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

501-1,000

Company Stage

IPO

Headquarters

Los Angeles, California

Founded

2007

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Simplify's Take

What believers are saying

  • Q2 2026 revenue rose 11% to $192.8 million, with CTV up 36%.
  • Management raised 2026 contribution ex-TAC growth to 13%-14% and EBITDA margins above 37%.
  • Culture Hive, Truthset, and Viasat integrations expand premium inventory, identity, and in-flight reach.

What critics are saying

  • DV+ contribution ex-TAC grew only 2% in Q2 2026, exposing dependence on CTV.
  • Google, PubMatic, and The Trade Desk compress Magnite's moat with direct-booking alternatives.
  • If agentic buying shifts volume into DSP-owned workflows, Magnite's orchestration layer gets bypassed.

What makes Magnite unique

  • Magnite controls CTV supply-side decisioning through SpringServe and ClearLine, not just auctions.
  • Walmart Connect chose Magnite in May 2026 for Connect Select and Vizio inventory.
  • Magnite Orchestration, launched June 11, 2026, connects buyer agents directly to seller agents.

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Funding

Total Funding

$400M

Above

Industry Average

Funded Over

1 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Paid Sick Leave

Paid Holidays

Unlimited Paid Time Off

Hybrid Work Options

Equity and Employee Stock Purchase Plan

Family Planning Benefits

Parental Leave

Disability Insurance

Life Insurance

Cell Phone Subsidy

Fitness and Wellness Reimbursement

Mental Health Support

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

3%

2 year growth

0%
Yahoo Finance
Aug 6th, 2026
Magnite raises outlook as Q2 revenue hits $193M, CTV up 36%

Magnite reported Q2 results exceeding expectations, with revenue rising 11% to $193 million and Contribution ex-TAC up 17% to $190 million. Connected television drove growth, surging 36% year-over-year to $97 million and representing 51% of total Contribution ex-TAC. Adjusted EBITDA increased 30% to $71 million, yielding a 37% margin, up from 34% the previous year. Net income reached $19 million, compared with $11 million in the prior-year quarter. The company raised its full-year outlook, now projecting Contribution ex-TAC growth of 13%–14% and Adjusted EBITDA growth above 20%, with margins of at least 37%. Free cash flow is expected to grow in the high-40% range. Chief executive Michael Barrett attributed the performance to broad-based CTV strength and improving trends in the DV+ business.

MarTech
Aug 6th, 2026
Ad decisioning is migrating to the supply side.

Ad decisioning is migrating to the supply side. Senior reporter covering martech platforms, attribution, and CMO strategy. For a decade, the ad tech pitch from the supply side was simple: bring inventory, let the demand-side platform decide who buys it. That division of labor is breaking down. Across CTV and open web supply, sell-side platforms are pulling the actual buying decision, not just the auction, onto their own infrastructure, and Magnite's second-quarter earnings show why the shift is accelerating now rather than later. The auction was never the valuable part. Magnite reported second-quarter revenue of $192.8 million, up 11% year over year, with CTV contribution ex-TAC climbing 36% to $97.1 million, beating the company's own guidance range. CEO Michael Barrett used the earnings call to frame those numbers as evidence of a structural move rather than a cyclical one. "We are uniquely positioned between supply and demand, and with our agentic offerings we believe we will benefit from serving as vital infrastructure for the future of digital advertising," Barrett told investors. The mechanism behind that claim is SpringServe, Magnite's ad server for streaming and CTV, which the company has spent the past year turning from a passive delivery system into an active one. SpringServe now handles inventory packaging and audience routing itself, using AI models to decide which impression serves which campaign at which price, work that used to sit exclusively on the demand side inside a DSP's bidding logic. Orchestration, not just optimization. In June, Magnite layered a second piece on top: Magnite Orchestration, infrastructure built specifically so autonomous buying agents can communicate and coordinate with the supply side directly, rather than routing every decision through a human trader or a DSP's own agent layer. Barrett was careful to draw a line around what this is not: "We are introducing products that are DSP-like," he said, "but in no way, shape or form are trying to replace the DSP." The distinction matters less to advertisers than the practical effect: more of the decision about which impression is worth what now happens on infrastructure Magnite owns. That infrastructure is increasingly stitched to commerce data the DSP side can't easily replicate. Magnite has built integrations with Fanatics, CVS Media Exchange, Best Buy, PayPal Ads and Walmart Connect, pairing first-party retail signals directly with its own inventory before a bid ever reaches an exchange. Publishers, in other words, are no longer just selling impressions. They're selling impressions pre-packaged with the audience data needed to price them well, a job that used to belong entirely to the buy side. The rest of the supply side is making the same bet. Magnite is not moving alone. PubMatic's agentic push with Optable follows the identical logic: give publishers the tooling to act on their own first-party data instead of handing it upstream. And the pressure is coming from both directions at once, since DSPs are simultaneously rebuilding themselves around AI agents that promise to do a media planner's job in a chat window. Every layer of the stack is trying to own the decision at the same moment, and the supply side has one advantage the buy side does not: it sits closest to the first-party data an agent actually needs to be accurate. None of this means the DSP disappears. Magnite's own CTV contribution ex-TAC, while up sharply, is still a fraction of what flows through the demand side industry-wide, and Barrett's insistence that Magnite isn't "trying to replace the DSP" is as much a hedge against antagonizing his platform's biggest customers as it is a technical description. What's changing is where the profitable, differentiated work happens. Auction mechanics are increasingly commoditized; deciding which impression, at which price, for which audience, backed by proprietary data, is where the margin is moving. The trade-off buyers should weigh. There is a real cost to this consolidation, and it is worth naming rather than assuming away. When a supply-side platform owns both the inventory and the decisioning logic that prices it, the transparency buyers have spent years demanding from DSPs does not automatically carry over. A platform that packages its own audience data with its own inventory and prices both in one motion has less incentive to show its work than an independent auction did. Marketers who welcomed SSP-side AI for the efficiency gain should also expect to push harder for auditability, because the black box did not disappear, it just moved one layer closer to the publisher. Get the week's best tech coverage. Free. Read by thousands of HR, tech, and business leaders. What it means for the marketing leader. For a brand or agency buying CTV and programmatic inventory, this shift changes what to ask a supply-side partner. It's no longer enough to ask which publishers a platform represents. The better question is whose first-party data and decisioning logic sits behind the inventory before it ever reaches a bid request, because that logic increasingly determines price and performance before the DSP gets involved. Marketers who treat SSPs as a passive pipe are going to find pricing and targeting decisions being made upstream of their own media plan, by systems they never evaluated. It also raises a measurement question worth asking now rather than after a quarter of murky reporting: if a supply-side platform's own AI is choosing which impression serves a campaign, buyers need transparency into that logic, not just the price it produces. That scrutiny is exactly the kind CTV measurement has been building toward, as show-level CTV reporting becomes the baseline expectation rather than a differentiator. How to evaluate a supply-side partner now. Ask three things before the next upfront or programmatic RFP: what first-party data sources feed the platform's decisioning models, what visibility you get into why a given impression was priced or routed the way it was, and whether the platform's agentic tools are additive to your DSP's own AI stack or duplicative of it. Supply-side platforms that can't answer the first question clearly are still selling inventory the old way, whatever the marketing deck says. The ones that can are the ones worth building a direct relationship with, because the decision that used to happen exclusively in your DSP is, increasingly, already made by the time your bid request arrives. Sarah chen. Senior reporter covering martech platforms, attribution, and CMO strategy.

Yahoo Finance
Jul 29th, 2026
Magnite CEO sells 38,596 shares for $785K in planned transaction, retains $8.3M stake

Magnite CEO Michael Barrett sold 38,596 shares on 15 July 2026 at $20.35 per share, according to an SEC filing. The transaction was an exercise-and-sell of stock options with a $5.80 strike price, executed under a Rule 10b5-1 trading plan established in March 2026. Following the sale, Barrett retains direct ownership of 403,074 shares and holds 293,968 derivative securities, maintaining significant alignment with shareholders. The sale was not discretionary, as it followed a pre-established trading plan designed to comply with insider trading regulations. At the transaction date, Magnite had delivered a one-year total return of -13% and maintained a market capitalisation of $2.7 billion. The company operates a global digital advertising marketplace platform serving publishers and advertisers.

Advertising Press Releases
Jul 22nd, 2026
Culture Hive brings Cultural Relevance scoring to programmatic buying through Magnite ClearLine.

Culture Hive brings Cultural Relevance scoring to programmatic buying through Magnite ClearLine. Culture Hive brings its Cultural Relevance Score to Magnite ClearLine, helping advertisers target culturally relevant audiences and media at scale. "We know what captures attention: content that reflects people's identities. The Cultural Relevance Score makes that measurable, and Magnite brings it to programmatic at scale."" - Joe Ligé, CEO & Founder, Culture Hive NEW YORK, NY, UNITED STATES, July 22, 2026 /EINPresswire.com/ - Today, Culture Hive Media Group announced the integration of its proprietary Cultural Relevance Score (CRS(TM) into Magnite's ClearLine platform, giving advertisers a measurable way to identify and activate against culturally relevant audiences and media environments. For decades, advertisers have relied on demographics as a proxy for audience understanding because culture was difficult to measure at scale. CRS changes that by giving advertisers a measurable signal for identifying culturally relevant audiences and media environments. Through curated programmatic supply, advertisers can use CRS to evaluate content, audiences and media environments against cultural communities, affinities and moments, helping identify where cultural resonance exists and activate against it at scale. "We already know what captures people's attention: content and communities that reflect how they see themselves. The Cultural Relevance Score turns that intuition into a measurable signal. Through Magnite advertisers can now activate against that signal at scale," said Joe Ligé, CEO and Founder, Culture Hive. Today, a brand looking to reach runners often relies on demographic proxies and hopes the campaign finds the right audience. With CRS in ClearLine, that same brand can target the actual environments where running culture lives, from training content to gear communities to race-day moments, and reach an audience defined by what they care about, not what census bracket they fall into. Through Magnite ClearLine, Culture Hive will curate inventory packages informed by CRS, helping advertisers identify culturally relevant media environments with the transparency and control expected from premium programmatic buying. "Advertisers increasingly want to go beyond audience reach; they want context, relevance and confidence in where their campaigns appear," said Mike Dupree, Senior Vice President, Demand at Magnite. "ClearLine helps curator partners bring differentiated intelligence into programmatic transactions. By bringing Culture Hive's Cultural Relevance Score into ClearLine, advertisers gain a new way to discover and activate against culturally relevant supply while publishers benefit from increased demand for premium inventory." For publishers, the integration creates a new way to surface and monetize the cultural relevance of their inventory. For advertisers, it provides a scalable path beyond demographic proxies and toward media investments informed by culture. "Publishers have always known their inventory carries cultural value that demographic targeting can't capture," said Kirk McDonald, CEO of Sundial Media & Technology Group. "CRS helps make that value visible, giving advertisers a better way to discover publishers that genuinely resonate with the audiences they want to reach." About Culture Hive Culture Hive Media Group's mission is to shift the advertising industry from demographic targeting to culture-first activation. Through its proprietary cultural intelligence technology and Cultural Relevance Score (CRS(TM), the company helps brands better understand and connect with audiences based on shared values, identity, and community - turning cultural fit into a measurable advantage. About Magnite We're Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. The world's leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, colorful Singapore and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC. Angela Hoye Culture Hive +1 303-929-9163 email us here Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

MediaPost
Jul 20th, 2026
Stagwell cleans path to media buys.

Stagwell cleans path to media buys. Removing traditional ad-tech middlemen and build its own private platform will allow Stagwell to determine how ad space is selected and bundled for its clients, rather than relying on automated third-party ad exchanges. The holding company is preparing to launch "Stagwell Curate," an AI marketplace that centralizes curated media inventory including connected TV, online video, display, and audio ads from publishers and ad-tech partners. "We've brought together our preferred publisher relationships, private marketplace deals and supply partnerships into one scalable platform," Matt Adams, global CEO of Stagwell Media Platform, told MediaPost in an email. "It allows brands to move beyond buying what's available and instead access inventory that has been deliberately selected for quality and performance." Adams believes the biggest advantage for advertisers from Stagwell Curate - part of the Stagwell Media Platform - is better access to quality inventory and greater control over where media budgets are spent. The Media Machine buying agents will connect directly to Stagwell Curate, giving them instant access to to preferred publisher relationships, pre-negotiated private marketplace deals and exclusive pricing when sourcing inventory. Inventory through the platform is continuously evaluated using log-level data and supply-quality models powered by The Trade Desk's Sincera. Adams described the key to the platform as the ability to curate ad supply closer to publishers to reveal premium ad-buying opportunities traditional bid optimization can miss. It streamlines the programmatic supply chain to eliminate redundant intermediaries and fraudulent practices. Ad agencies traditionally buy inventory through demand-side platforms (DSPs) and trust that the supply path is clean. This means buying digital ad space with the fewest middleman fees, zero fraud, and visibility into where the money goes. Clients including Nike, Lenovo, Target, Starbucks and Bud Light - although it is not determined whether the brand uses Curate - could use the new platform as Stagwell clients. The Interactive Advertising Bureau (IAB) estimates total U.S. advertising spend across all media is projected to grow 9.5% year-over-year in 2026. Released in April and based on projections, the total U.S. ad spend across all channels could reach approximately $500.98 billion in 2026. This technology moves curation in-house. It creates an agency-owned layer above the DSP to filter and control eligible inventory before a bid gets placed Data and intelligence, along with quality standards and performance signals, are applied upstream, meaning closer to the original source, to evaluate inventory before it reaches the bid. Through direct integration with partners such as FreeWheel and Magnite, and connections to The Media Machine's AI buying agents, Stagwell can curate that supply closer to the source. Theoretically, each media buying decision is informed by more data, greater transparency and a more complete view of available performance opportunities.

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