The company raised its full-year outlook for Contribution ex-TAC, Adjusted EBITDA growth, margin expansion and free cash flow. Day said the difference between CTV revenue growth and CTV Contribution ex-TAC growth was attributable to the declining managed-service business. The company expects third-quarter Adjusted EBITDA operating expenses of $119 million to $121 million, implying an Adjusted EBITDA margin of 36% to 38%. For the full year, Magnite raised its forecast for total Contribution ex-TAC growth to 13% to 14%, from prior guidance of at least 11%. It now expects Adjusted EBITDA growth of more than 20%, compared with a prior expectation of mid-teens growth, and Adjusted EBITDA margin of at least 37%, up from at least 35.5%.