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NEW YORK, July 21, 2026 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, today announced that Business Insider has selected its SpringServe video platform to power ad serving and programmatic monetization of the publisher's standalone CTV channel. With a combined 38 million subscribers across its YouTube channels, Business Insider is a leading U.S. news publisher on the platform.
On July 09, 2026, Magnite Inc (MGNI) shares rose 4.5% today, closing at $21.22. This movement is notable within the context of a 52-week range that spans from $
NEW YORK, July 08, 2026 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising company, will announce its financial results for the second quarter ended June 30, 2026 after the market close on Wednesday, August 5, 2026. The Company will host a conference call at 1:30 PM (PT) / 4:30 PM (ET) the same day to discuss its financial results and outlook.
The Trade Desk (TTD) shares fell 4% in premarket trading Tuesday after Arete Research downgraded the digital advertising technology company to Sell from Neutral
Magnite's connected TV focus contrasts with Sea's vast Southeast Asian digital empire.
This digital advertising platform provider reported a notable insider sale amid ongoing shifts in the programmatic ad market.
Magnite delivered strong Q1 results, with CTV contribution ex-TAC up 30% YoY and now over 50% of total contribution. I remain bullish and reiterate my buy rating, citing positive sentiment, robust CTV growth, and improved profitability metrics including a 27% adj. EBITDA margin. MGNI paid down $205M in senior notes, reducing net leverage to 0.7x and aligning with management's target of less than 1x.
Magnite (MGNI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.