Magnite (MGNI) Q2 FY26 earnings call

Magnite delivered an outstanding second quarter, significantly exceeding expectations with strong CTV growth and a return to growth for DV+. The company raised its full-year outlook for contribution ex-TAC, adjusted EBITDA, and free cash flow, driven by broad-based momentum and strategic advancements in AI orchestration and supply-side audience enablement. CFO David Day announced his retirement, marking the end of a significant tenure.