JioHotstar Deepens Partnership with Magnite to Advance Programmatic Monetisation and Mediation Across Live Sports and Entertainment Portfolio
Magnite (NASDAQ:MGNI) announced an expanded partnership with JioHotstar, India’s largest premium entertainment destination.
Rhea-AI Summary
Magnite (NASDAQ:MGNI) announced an expanded partnership with JioHotstar, India’s largest premium entertainment destination. JioHotstar is adopting Magnite’s SpringServe to power advanced mediation across its live streaming, sports, and entertainment inventory.
The collaboration aims to enhance ad quality, transparency, brand safety, and programmatic monetisation, including support for the ICC Men’s T20 World Cup.
Positive
- Expanded partnership with JioHotstar, India’s largest premium entertainment destination
- SpringServe chosen to power advanced mediation across live, sports, and entertainment inventory
- Magnite technology enhances ad quality, visibility, and brand safety controls for JioHotstar
- Proven support for JioHotstar during ICC Men’s T20 World Cup live events
Negative
- None.
Details
News Market Reaction – MGNI
In the Jun 4 session, MGNI gained 2.84%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Q1 2026 revenue
- $164.4M
- Q1 2026 results, +6% YoY
- Contribution ex-TAC
- $160.9M
- Q1 2026, +10% YoY
- CTV contribution ex-TAC
- $82.3M
- Q1 2026, +30% YoY
- Adjusted EBITDA
- $42.9M
- Q1 2026, 27% margin
- Net income
- $4.4M
- Q1 2026 results
- Diluted EPS
- $0.03
- Q1 2026 results
- Samsung Ads reaction
- 20.44%
- 24h move on 2025-04-09 partnership news
- Avg partnership move
- 2.4%
- Average 24h move over 5 partnership headlines
Previous Partnership Reports
-
Hearst News chose Magnite and SpringServe for high-impact web and CTV ads.
-
NYT made Magnite DV+ preferred platform for in-app private marketplace deals.
-
Dentsu expanded EMEA partnership using SpringServe for CTV and video.
-
Paramount Australia enabled programmatic access to Paramount+ ad tier.
-
Samsung Ads deepened partnership to enhance streaming TV audience addressability.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
programmatic creatives technical
brand safety technical
open exchange financial
programmatic demand technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
MUMBAI, India, June 04, 2026 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI) and its affiliates, together the largest independent sell-side advertising company, announced an expanded partnership with JioHotstar, India’s biggest premium entertainment destination. As part of the collaboration, JioHotstar is leveraging Magnite’s SpringServe to power advanced mediation across JioHotstar’s live streaming, sports, and entertainment portfolio.
JioHotstar is tapping into Magnite’s mediation capabilities to maximise the value of their inventory. Magnite’s technology provides JioHotstar with enhanced control and greater visibility into programmatic creatives, helping ensure consistent ad quality, support brand safety, and maintain high-quality ad experiences. As part of the expanded collaboration, Magnite supported JioHotstar during this year’s ICC Men’s T20 World Cup, one of the most-watched sporting events globally.
“Magnite has consistently been a key partner for us whose guidance has proven instrumental in helping us grow our business in the streaming era,” said Bharath Ram, Chief Product Officer at JioHotstar. “Maintaining ad quality and transparency across our open exchange is a priority as our programmatic business scales. Magnite's SpringServe gives us the operational control we need to manage demand quality and enforce standards consistently across our sports and entertainment inventory.”
“JioHotstar has been at the forefront of the digital landscape in India as the market continues to evolve,” said Sahil Bansal, Country Manager, India at Magnite. “As their offering scales, efficiently activating and managing programmatic demand has become increasingly important, and Magnite’s infrastructure and technology are built to support these dynamic environments. The success achieved during this year’s cricket World Cup is a significant milestone in our collaboration and builds on our experience supporting some of the largest live events globally. We’re excited to continue working with JioHotstar to help unlock greater value for buyers across their premium live and entertainment portfolio.”
About Magnite
We’re Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising company. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. The world’s leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, colorful Singapore, vibrant Mumbai and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC.
About JioHotstar
With 450 million monthly average users and a library of more than 300,000 hours of programming, JioHotstar is one of the largest streaming services in the world. Content is available in 19 languages - spanning movies, originals, live sports, live events, anime and kids’ entertainment as well as TV shows from the over 100 channels in the JioStar network. JioHotstar is available to Android, iOS and web users on https://www.hotstar.com/in.
Media Contact:
Magnite
minal@ideosphereconsulting.com
mhughes@magnite.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.