Both Magnite and Kinaxis, SaaS and platform companies, delivered standout Q2 results. Magnite’s CTV advertising technology surged 36%, while Kinaxis’ SaaS revenue grew 20% with ARR reaching $465.6 million, as AI-powered platforms gain traction.
Magnite, the largest independent sell-side ad platform, reported a 36% year-over-year surge in connected TV revenue for Q2 2026, driving a top-and-bottom-line beat. The company raised full-year revenue and margin guidance, buoyed by the shift of ad budgets to programmatic streaming. New agentic AI product launches signal Magnite's ambition to become the infrastructure layer for automated ad transactions—a development marketers should closely track.
Source: australiannews.net · itnewsonline.com