Magnite CTV Grows 36%, Kinaxis ARR Tops $465M as SaaS Platforms Outperform
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.
SaaS briefing
Key takeaways
- 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.
In this briefing
Mentioned
Key Intelligence
Key Facts
- 1Magnite's CTV segment grew revenue 36% year-over-year, driving a total revenue beat of consensus expectations and Adjusted EBITDA growth of 30% with a 37% margin.
- 2Kinaxis reported SaaS revenue of $106.5 million, up 20% YoY, and total revenue of $158.8 million, up 16% YoY; ARR reached $465.6 million (19% YoY) and remaining performance obligations climbed 18% to $983.5 million.
- 3Both Magnite and Kinaxis raised their full-year revenue guidance, citing sustained momentum; Magnite also lifted margin expectations.
- 4OceanaGold produced 'solid gold production,' generated strong free cash flow, and began development of the decline to the high-grade Wharekirauponga orebody, a key milestone, with full-year production and cost guidance unchanged but weighted toward a strong Q4.
- 5Magnite's CEO highlighted 'agentic product launches' and partner support as a 'great future tailwind,' while Kinaxis's CEO emphasized building a 'composable agentic AI platform' in Maestro.
- 6OceanaGold's CEO Gerard Bond noted increased gold production in H2 and further high-grade drill results at Haile, signaling both short-term growth and long-term value.
Magnite's fastest-growing segment
We significantly beat consensus expectations on both the top and bottom line... Our CTV momentum continues to be broad-based across leading publisher partners and anchored by the strategic differentiation of SpringServe.
Q2 2026 earnings release
| Metric | ||
|---|---|---|
| Key Segment Growth | CTV +36% | SaaS +20% |
| Annual Run Rate | N/A | $465.6M ARR |
| Adj EBITDA Margin | 37% | 26.1% |
| AI Strategy | Agentic product launches | Agentic AI platform Maestro |
Analysis
For SaaS and platform investors, the Q2 reports from Magnite and Kinaxis offer a compelling narrative: specialized, AI-enabled platforms are thriving. Whether it’s Magnite’s independent sell-side ad tech fueling programmatic CTV or Kinaxis’ Maestro orchestrating complex supply chains, both demonstrate that high-growth, recurring revenue models are capitalizing on secular digitization trends.
On August 5, 2026, a trio of companies spanning digital advertising, supply chain software, and gold mining reported second-quarter results that collectively signaled robust execution and an optimistic outlook across very different industries. Magnite (NASDAQ: MGNI), the largest independent sell-side ad platform, delivered a significant beat on both revenue and earnings, propelled by booming connected TV (CTV) advertising. Kinaxis (TSX: KXS), a leader in supply chain planning, posted 20% SaaS revenue growth and raised its full-year guidance, underscoring persistent demand for orchestration platforms amid global supply chain complexity. And OceanaGold (TSX: OGC) reported solid gold production and strong free cash flow, with a development milestone at its Waihi North Project reinforcing confidence in future output. Together, the releases highlight how companies are leveraging strategic positioning in growth segments—whether it’s programmatic streaming, AI-powered supply chain planning, or high-grade gold projects—to expand margins and lift guidance.
Annual recurring revenue (ARR) reached $465.6 million, up 19% (or 21% in constant currency), and remaining performance obligations surged 18% to $983.5 million.
Magnite’s second quarter was defined by a 36% year-over-year surge in CTV revenue, a segment that continues to benefit from the secular shift of TV ad dollars to programmatic streaming. The company not only beat consensus estimates on both the top and bottom line but also delivered a 30% increase in Adjusted EBITDA, with margins expanding to 37%. CEO Michael G. Barrett attributed the outperformance to the strategic differentiation of its SpringServe ad server and broad-based publisher momentum. Importantly, Magnite used the release to highlight its agentic product launches, positioning itself as “vital infrastructure” for an AI-driven advertising future. The company raised both its full-year revenue and margin outlook, a signal that its technology moat and market position are strengthening even as the digital ad market matures.
Kinaxis, meanwhile, demonstrated the staying power of enterprise supply chain software. Its SaaS revenue rose 20% to $106.5 million, driving total revenue up 16% to $158.8 million. Annual recurring revenue (ARR) reached $465.6 million, up 19% (or 21% in constant currency), and remaining performance obligations surged 18% to $983.5 million. CEO Razat Gaurav emphasized that the strong performance was fueled by new and existing customer momentum as “many of the world’s largest enterprises turn to Kinaxis to manage growing demand, volatility, uncertainty, and complexity.” He also pointed to accelerated innovation around Maestro, Kinaxis’s composable agentic AI platform, which aims to connect data, decisions, and actions for operational orchestration. The company’s decision to raise full-year guidance for total revenue and SaaS growth reflects confidence that the current tailwinds from supply chain digitization are durable.
What to Watch
OceanaGold’s results, while from a completely distinct sector, contributed to the cluster’s positive tone. The miner reported “solid gold production” and strong free cash flow, enabling investments in organic growth while returning capital to shareholders. CEO Gerard Bond highlighted the commencement of the decline development toward the high-grade Wharekirauponga orebody—a critical step in the Waihi North Project—and further high-grade drill results at Haile. With full-year production and cost guidance unchanged but weighted toward a strong fourth quarter, OceanaGold’s outlook aligns with the second-half ramp seen across many commodity producers. The company’s ability to generate free cash flow and advance growth projects amid a favorable gold price environment underscores operational discipline.
The common thread across these three reports is raised guidance. Magnite and Kinaxis explicitly increased their full-year expectations, while OceanaGold maintained its targets but signaled a production uptick, effectively delivering a qualitatively bullish outlook. This coordinated optimism, spanning advertising technology, cloud-based supply chain planning, and precious metals extraction, speaks to sector-specific tailwinds: the relentless growth of programmatic CTV, the structural need for intelligent supply chain orchestration, and supportive commodity prices. For investors, the cluster offers a microcosm of how well-positioned companies can convert macroeconomic volatility into outperformance by focusing on innovation, recurring revenue models, and operational excellence. As AI-driven product cycles accelerate and global trade patterns remain in flux, these earnings prints suggest that the companies are navigating the landscape with notable agility.
Cite This Page
"Magnite CTV Grows 36%, Kinaxis ARR Tops $465M as SaaS Platforms Outperform." SaaS Intelligence Brief, August 6, 2026. https://getsaasbrief.com/story/saas-growth-magnite-kinaxis-q2-2026
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