Magnite's CTV revenue surged to 48% of ex-TAC sales in Q4 2025, driving a 10% revenue increase, though EPS slightly missed estimates.

Magnite reported fourth-quarter 2025 revenue of $670 million, up 10% year-over-year, with CTV now its largest segment, contributing 48% of ex-TAC revenue. Non-GAAP EPS were $0.34, slightly below estimates of $0.35. Adjusted EBITDA reached $232 million, up 18%, with a 34.7% margin. The company announced a new $200 million share repurchase program, expects CTV to grow 28%-31% in 2026, and projects a 6%-8% decline in DV+ revenue. It highlighted AI advancements in its SpringServe platform, including an industry-first agent-to-agent campaign. The stock rose $0.27 to $11.97, with a market cap of $1.72 billion and a consensus "Moderate Buy" rating.