Magnite (MGNI) Climbs 12.6% on Strong Earnings, Buyback Plan

We recently published Wall Street Can’t Keep Up: 10 Big Names on a High. Magnite Inc. (NASDAQ:MGNI) was one of the best performers on Thursday.

Magnite rallied for a third straight day on Thursday, jumping 12.61 percent to close at $13.48 apiece, as investor sentiment was bolstered by its stellar earnings performance, coupled with news that it would buy back $200 million of its shares for a two-year period.

In an updated report, Magnite Inc. (NASDAQ:MGNI) said that net income for full-year 2025 soared by 535 percent to $144.6 million from $22.8 million in 2024, while revenues grew by 7 percent to $714 million from $668.2 million.

In the fourth quarter alone, net income surged by 238 percent to $123.1 million from $36.4 million, helped by a $90-million one-time tax benefit related to the release of a valuation allowance on its deferred tax assets.

Revenues also increased by 6 percent to $205.4 million from $194 million.

For this year, Magnite Inc. (NASDAQ:MGNI) is targeting mid-teens growth in its adjusted EBITDA, with margins higher than 35 percent.

Earnings aside, Magnite Inc. (NASDAQ:MGNI) announced a new round of a share buyback program totaling $200 million.

The initiative will be made through a series of transactions, including tapping the open market and entering into privately negotiated transactions, until February 29, 2028.

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