Magnite is trading at $25.32, up 11.10%, after its November 4 earnings beat and raised 2026 growth outlook. - Revenue was $204.2 million, while contribution ex-TAC reached $200.6 million, up 20% year over year. - Connected TV contribution ex-TAC rose 39% to $105.4 million; management lifted its 2026 contribution growth outlook to approximately 17% from 13%–14%. - The earnings beat and outlook increase are the company-specific catalyst for the November 5 pre-market move; no volume information was provided.