Investing.com -- B Riley analyst Naved Khan previewed five AdTech and MarTech companies ahead of their third quarter fiscal 2026 earnings reports over the next two weeks. The analyst expects in-line to modestly better-than-expected results across the group.
Following a broad set of second quarter beats and guidance raises, third quarter estimates sit at or near the midpoint of company guidance and are essentially in line with consensus. Demand conditions remain stable, the analyst noted, with marketers prioritizing measurable, performance-linked marketing, and ad budgets continuing to shift into connected TV. Key topics for upcoming earnings include CTV momentum, agentic AI adoption and monetization, Google remedies implementation, political spend around the midterm elections, and early commentary on fourth quarter and 2027 outlook.
1. Magnite Inc (NASDAQ:MGNI): The company reports November 4 after market close with an earnings call at 4:30 p.m. ET. B Riley expects ex-TAC revenue of $190.0 million, up 13.9% year-over-year, and adjusted EBITDA of $70.0 million with a 36.8% margin. Third quarter guidance calls for total contribution ex-TAC of $188 million to $192 million, CTV of $98 million to $100 million, and DV+ of $90 million to $92 million. CTV grew 36% year-over-year in the second quarter and remains the primary growth driver. Management raised all four fiscal 2026 targets on the second quarter print. The analyst has a Buy rating with a $30 price target.
2. Pubmatic Inc (NASDAQ:PUBM): The company reports November 9 after market close with an earnings call at 4:30 p.m. ET. B Riley expects revenue of $76.0 million, up 11.8% year-over-year, and adjusted EBITDA of $18.1 million with a 23.8% margin, in line with consensus. Third quarter guidance calls for revenue of $75 million to $77 million and adjusted EBITDA of $17 million to $19 million, including foreign exchange headwinds. PubMatic returned to double-digit growth a quarter ahead of plan in the second quarter, and the third quarter is the first full quarter fully lapping the legacy DSP headwind. The analyst has a Buy rating with a $21 price target.
3. Taboola.com Ltd (NASDAQ:TBLA): The company reports November 4 before market open with an earnings call at 8:30 a.m. ET. B Riley expects ex-TAC gross profit of $187.0 million, up 5.8% year-over-year, and adjusted EBITDA of $54.0 million with a 28.9% margin. On a gross basis, the analyst models revenue of $466.5 million. Management's third quarter outlook is for ex-TAC of $184 million to $190 million and adjusted EBITDA of $51.5 million to $56.5 million. Results are expected to reflect the Google Explore More deprecation and publisher cleanup headwinds, partly offset by Realize traction. The analyst has a Buy rating with a $6 price target.
4. Viant Technology Inc (NASDAQ:DSP): The company reports November 9 after market close. B Riley models contribution ex-TAC of $66.1 million, up 24.8% year-over-year, and adjusted EBITDA of $19.0 million with a 28.8% margin. Third quarter guidance is for revenue of $107.5 million to $110.5 million, contribution ex-TAC of $65 million to $67 million, and adjusted EBITDA of $18.5 million to $19.5 million. The guide embeds approximately 200 basis points of EBITDA margin drag from TVision. Continued CTV strength and Direct Access adoption are expected to drive results. The analyst has a Buy rating with a $22 price target.
5. Zeta Global Holdings Corp (NYSE:ZETA): The company reports November 9 after market close with an earnings call at 4:30 p.m. ET. B Riley models revenue of $470.6 million, up 39.6% year-over-year, and adjusted EBITDA of $115.4 million with a 24.5% margin. Management's outlook is for $469 million to $472 million in revenue and $115.0 million to $116.0 million in adjusted EBITDA. This is the first print following Zeta Live on October 8, and updates are expected on traction for AthenaOS, adoption of Athena, the Palantir partnership, and continued growth in Super-Scaled customers. The analyst has a Buy rating with a $38 price target.
Original Article
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