Revenue (Tables)

9 Months Ended

Sep. 30, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Revenue Recognized on a Net Basis and on a Gross Basis

The following table presents the Company's revenue recognized on a net basis and on a gross basis for the three and nine months ended September 30, 2025 and 2024:


	Three Months Ended								Nine Months Ended
	September 30, 2025				September 30, 2024				September 30, 2025				September 30, 2024
	(in thousands, except percentages)
Revenue:
Net basis	$	160,121	89	%	$	141,969	88	%	$	452,713	89	%	$	400,165	84	%
Gross basis	19,373		11		20,034		12		55,884		11		74,037		16
Total	$	179,494	100	%	$	162,003	100	%	$	508,597	100	%	$	474,202	100	%

Schedule of Disaggregation of Revenue

The following table presents the Company's revenue by channel for the three and nine months ended September 30, 2025 and 2024:


	Three Months Ended								Nine Months Ended
	September 30, 2025				September 30, 2024				September 30, 2025				September 30, 2024
	(in thousands, except percentages)
Channel:
CTV	$	87,799	49	%	$	76,217	47	%	$	242,745	48	%	$	226,578	48	%
Mobile	64,964		36	%	59,835		37	%	187,600		37		172,392		36
Desktop	26,731		15	%	25,951		16	%	78,252		15		75,232		16
Total	$	179,494	100	%	$	162,003	100	%	$	508,597	100	%	$	474,202	100	%

The following table presents the Company's revenue disaggregated by geographic location, based on the location of the Company's sellers for the three and nine months ended September 30, 2025 and 2024:


	Three Months Ended								Nine Months Ended
	September 30, 2025				September 30, 2024				September 30, 2025				September 30, 2024
	(in thousands, except percentages)
United States	$	134,732	75	%	$	120,240	74	%	$	383,927	75	%	$	357,015	75	%

International	44,762		25		41,763		26	%	124,670		25		117,187		25
Total	$	179,494	100	%	$	162,003	100	%	$	508,597	100	%	$	474,202	100	%

Schedule of Allowance for Doubtful Accounts

The following is a summary of activity in the allowance for doubtful accounts for the three and nine months ended September 30, 2025 and 2024:


	Three Months Ended				Nine Months Ended
	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
	(in thousands)				(in thousands)
Allowance for doubtful accounts, beginning balance	$	3,130	$	2,653	$	2,902	$	20,363

Write-offs	(1)		(17)		(161)		(18,951)
Increase in provision for expected credit losses	1,015		986		1,403		2,210

Allowance for doubtful accounts, ending balance	$	4,144	$	3,622	$	4,144	$	3,622

MAGNITE, INC. 10-Q