Magnite Reports Second Quarter 2025 Results

How might the reported guidance affect consensus price targets and analyst ratings for MGNI? What macro‑economic or regulatory factors (e.g., privacy regulations, macro demand for digital advertising) could influence Magnite's performance going forward? Are there any notable changes in the company's balance sheet—cash balance, debt levels, or cash conversion cycle—and what do they imply for financial flexibility? How does Magnite’s Q2 performance compare with its main competitors (e.g., PubMatic, The Trade Desk, Xandr) in terms of growth, margins, and market share? What is the outlook for the programmatic advertising market and how might that affect Magnite's growth trajectory? What impact will any changes in capital allocation (stock buybacks, share issuances, or dividends) have on shareholder value? What were the key drivers behind any revenue beat or miss (e.g., ad inventory growth, CPM trends, win‑rate, or pricing changes)? How did the company's operating margin and net income trend versus the same quarter last year? What were Magnite's revenue and EPS figures for Q2 2025 compared to analyst expectations? How did the company's guidance for FY2025 change relative to the prior quarter and consensus forecasts?