StocksMediumUpdated•Originally published 4 November 2026•Updated 4 November 2026•
1 min read
Magnite Shares Jump 11.5% on Q3 Earnings Beat and Raised 2026 Guidance
Key Facts
1Magnite reported Q3 revenue of $204.2 million, a 14% increase year-over-year.
2Contribution ex-TAC reached $200.6 million, exceeding the high end of the guidance range.
3The company raised its full-year 2026 total Contribution ex-TAC growth guidance to approximately 17%.
Magnite shares rose 11.5% after the company reported non-GAAP profit of $0.33 per share for the third quarter of 2026. This result exceeded analyst consensus by 16.9%, alongside total revenue of $204.2 million, which marked a 14% year-over-year increase according to a company statement released via GlobeNewswire.
The company raised its full-year 2026 total Contribution ex-TAC growth guidance to approximately 17% following a 39% surge in Connected TV (CTV) contribution. MGNI was trading at $24.91 on November 4, 2026, following the price jump, compared to its previous close of $22.34 on November 3, 2026.