A maker of software that automates the buying and selling of digital ad space, Magnite runs one of the world's largest marketplaces for connected TV advertising, with tools like SpringServe and ClearLine serving publishers and advertisers. Born from the 2020 merger of Rubicon Project and Telaria, it took its name from the mineral magnetite, a nod to the way its platform magnetically draws together buyers and sellers. Its roots trace to 2007, when Rubicon Project's founders set out to build an automated stock exchange for ad impressions.
Magnite stockholders elect three Class III directors and approve executive compensation at 2026 annual meeting
Stockholders ratified Deloitte & Touche LLP as the independent registered public accounting firm for the current fiscal year, with 125,139,432 votes for.
Show detailsHide details
At the June 8, 2026 annual meeting, stockholders elected Paul Caine, Doug Knopper, and David Pearson as Class III directors to serve until the 2029 annual meeting.
On an advisory basis, stockholders approved the compensation of named executive officers, with 93,243,703 votes for.
Stockholders selected '1 YEAR' as the frequency of future advisory votes on executive compensation, with 100,148,461 votes for that option.
The final voting results were reported under Item 5.07 of Form 8-K, as required for matters submitted to a vote of security holders.
5.07 Submission of Matters to a Vote of Security Holders
Magnite CFO David Day to retire; will serve as CFO until Sept 30, 2026, then advisor
After September 30, 2026, Day is expected to remain as a non-executive advisor through May 31, 2027 to assist with the transition.
Show detailsHide details
On April 20, 2026, Magnite announced that CFO David Day plans to retire, with a transition agreement to continue as CFO through September 30, 2026.
The Board has initiated a comprehensive search for a new CFO, including external and internal candidates, with Day participating in the process.
Magnite reaffirmed its Q1 and full year 2026 financial expectations as disclosed in its Q4 2025 earnings release on February 25, 2026.
Day's tenure includes leadership through the 2020 Rubicon Project-Telaria merger and the acquisitions of SpotX and SpringServe.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Magnite reports Q3 2025 revenue of $179.5M, up 11% YoY, and raises full-year margin outlook.
Contribution ex-TAC was $166.8 million, up 12% year-over-year (16% excluding political), exceeding guidance of $161 to $165 million.
Show detailsHide details
Revenue for Q3 2025 was $179.5 million, up 11% year-over-year.
CTV Contribution ex-TAC was $75.8 million, up 18% year-over-year (25% excluding political), exceeding guidance of $71 to $73 million.
Net income was $20.1 million, or $0.13 per diluted share, compared to $5.2 million, or $0.04 per diluted share in Q3 2024.
Q4 2025 guidance: total Contribution ex-TAC between $191 million and $196 million; full-year 2025 Adjusted EBITDA margin expansion of approximately 180 basis points.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Magnite files lawsuit against Google seeking damages over ad tech monopoly ruling
On September 16, 2025, Magnite, Inc. filed a lawsuit against Google LLC in the U.S. District Court for the Eastern District of Virginia.
Show detailsHide details
The lawsuit seeks financial damages and other remedies following the April 2025 U.S. District Court ruling that Google willfully engaged in anticompetitive acts to maintain monopoly power in ad exchange and ad server markets.
Magnite alleges Google's exclusionary scheme locked publishers into its ad server and preferred its own exchange, depriving Magnite and other independent players of fair competition.
Magnite is represented by Kressin Powers LLC in the litigation.
The company also updated its risk factors, noting potential risks including retaliatory actions by Google, costly and protracted litigation, and uncertainty of damages.
7.01 Regulation FD Disclosure · 8.01 Other Events · 9.01 Financial Statements and Exhibits