Magnite (MGNI) Reports Q3: Everything You Need To Know Ahead Of Earnings

Digital advertising platform Magnite (NASDAQ:MGNI) will be reporting earnings this Wednesday after the bell. Here’s what investors should know.

Magnite missed analysts’ revenue expectations by 2.2% last quarter, reporting revenues of $173.3 million, up 6.4% year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but a significant miss of analysts’ revenue estimates.

Is Magnite a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Magnite’s revenue to grow 9.8% year on year to $178 million, improving from the 7.9% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Magnite has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Magnite’s peers in the media & entertainment segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Omnicom Group delivered year-on-year revenue growth of 4%, meeting analysts’ expectations, and IMAX reported revenues up 16.6%, topping estimates by 0.6%. Omnicom Group traded up 3.2% following the results while IMAX was down 1.1%.

Read our full analysis of Omnicom Group’s results here and IMAX’s results here.

The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the media & entertainment stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.7% on average over the last month. Magnite is down 6.9% during the same time.

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