Digital advertising platform Magnite (NASDAQ: MGNI) will be reporting earnings this Wednesday after market hours. Here’s what to expect.

Magnite missed analysts’ revenue expectations by 2.6% last quarter, reporting revenues of $155.8 million, up 4.3% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ EPS estimates.

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

This quarter, analysts are expecting Magnite’s revenue to grow 8.8% year on year to $177.3 million, improving from the 6.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.17 per share.

The majority of analysts covering the company have 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 twice over the last two years.

Looking at Magnite’s peers in the media & entertainment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Interpublic Group’s revenues decreased 6.6% year on year, meeting analysts’ expectations, and Omnicom Group reported revenues up 4.2%, topping estimates by 1.2%. Interpublic Group traded up 10.6% following the results while Omnicom Group was also up 4.6%.

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

Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the media & entertainment stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.1% on average over the last month. Magnite is down 7.4% during the same time and is heading into earnings with an average analyst price target of $25.12 (compared to the current share price of $22.49).

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