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Magnite (MGNI) guidance and outlook
Magnite (MGNI) raised its guidance on Nov 4, 2026: EBITDA −1% for FY2026; EBITDA margin 38.5% for FY2026; Free cash flow +60% for FY2026; EBITDA margin 38.5% for FY2027. Magnite's 10-Q filed Nov 4, 2026 makes 22 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Operating expenses | Q4 2026 | $125M–$127M | new |
| EBITDA | FY2026 | −1% | reaffirmed |
| EBITDA margin | FY2026 | 38.5% | raised |
| Free cash flow | FY2026 | +60% | raised |
| EBITDA margin | FY2027 | 38.5% | new |
| Revenue | FY2027 | +53% | new |
| Revenue | FY2027 | +46% | raised |
| EBITDA | FY2027 | +42% | raised |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 4, 2026
- Without limiting the foregoing, any guidance we may provide will generally be given only in connection with quarterly and annual earnings announcements, without interim updates, and we may appear at industry conferences or make other public statements without disclosing material nonpublic information in our possession.
- Buyers leverage our platform to reach their target audiences across thousands of sellers in a premium brand-safe environment.
- As digital content consumption continues to proliferate, we believe the percentage of advertising dollars spent through digital channels will continue to grow.
- With the proliferation of CTV advertising inventory, we believe that brand advertisers looking to engage with streaming viewers will continue to shift their budgets from linear to CTV.
- Moreover, we believe that as the amount of CTV inventory continues to scale, it will become increasingly more accessible to small and medium sized businesses, many of whom have no experience advertising on linear TV.
- As the advertiser base for CTV expands and diversifies, we believe CTV sellers will make a greater percentage of inventory available through biddable auction environments with multiple buyers rather than programmatic guaranteed.
- We have made and plan to continue to make significant investments in technology, sales and support related to our CTV growth initiatives, and believe CTV will be the most significant driver of our revenue growth for the foreseeable future.
- This shift could reduce the volume of open web display inventory monetized through our platform.
- In the long term, we believe that a decreased reliance on third-party cookies and other non-transparent tracking methods would be a positive for the industry, and offer the potential to shift the programmatic ecosystem from an identity model powered by buyers that are able to aggregate and target audiences through cookies to one enabled by sellers that have direct relationships with consumers and are therefore…
- Accordingly, we have invested and intend to further invest in the development and enhancement of industry leading identity and audience solutions, such as our Magnite Curator Marketplace, a self-service solution integrated within ClearLine.
- Under these SPO agreements, we may be designated as a preferred partner or otherwise enter into terms intended to increase the overall spend on our platform.
- While the specific timing and nature of these remedies remains subject to the Court's final judgment, and Google has indicated its intent to appeal the decision, we expect this ruling to have a significant positive impact on our industry and business prospects.
Magnite's latest quarter
Magnite, Q3 2026: revenue $204M (+14% year over year), operating margin 24.8%, net earnings $34.0M, operating cash flow $103M. The chart follows the revenue to costs, profit and cash.
Questions
Did Magnite raise or lower its guidance?
Magnite (MGNI) raised its guidance on Nov 4, 2026: EBITDA −1% for FY2026; EBITDA margin 38.5% for FY2026; Free cash flow +60% for FY2026; EBITDA margin 38.5% for FY2027.
What does Magnite expect?
Without limiting the foregoing, any guidance we may provide will generally be given only in connection with quarterly and annual earnings announcements, without interim updates, and we may appear at industry conferences or make other public statements without disclosing material nonpublic information in our possession. Buyers leverage our platform to reach their target audiences across thousands of sellers in a premium brand-safe environment. As digital content consumption continues to proliferate, we believe the percentage of advertising dollars spent through digital channels will continue to
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.