<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
	<headerData>
        <submissionType>144</submissionType>
                <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001778484</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
        <liveTestFlag>LIVE</liveTestFlag>




                </filerInfo>
    </headerData>

     <formData>
        <issuerInfo>
            <issuerCik>0001595974</issuerCik>
			<issuerName>MAGNITE, INC.</issuerName>


			    <secFileNumber>001-36384</secFileNumber>


			<issuerAddress>
				<com:street1>1250 BROADWAY</com:street1>
                				<com:street2>15TH FLOOR</com:street2>
                				<com:city>NEW YORK</com:city>
				<com:stateOrCountry>NY</com:stateOrCountry>
				<com:zipCode>10001</com:zipCode>
			</issuerAddress>

			<issuerContactPhone>212-243-2769</issuerContactPhone>
			<nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Brian Gephart</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>

			<relationshipsToIssuer>

				    <relationshipToIssuer>Officer</relationshipToIssuer>

			</relationshipsToIssuer>
		</issuerInfo>

				          <securitiesInformation>
			<securitiesClassTitle>Common</securitiesClassTitle>
			<brokerOrMarketmakerDetails>
				<name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
				<address>
				<com:street1>1 New York Plaza</com:street1>
                				<com:street2>8th Floor</com:street2>
                				<com:city>New York</com:city>
				<com:stateOrCountry>NY</com:stateOrCountry>
				<com:zipCode>10004</com:zipCode>
				</address>
			</brokerOrMarketmakerDetails>
			<noOfUnitsSold>3217</noOfUnitsSold>
			<aggregateMarketValue>76242.90</aggregateMarketValue>
			<noOfUnitsOutstanding>142399305</noOfUnitsOutstanding>
			<approxSaleDate>08/18/2025</approxSaleDate>
			<securitiesExchangeName>NASDAQ</securitiesExchangeName>
		</securitiesInformation>

    		       <securitiesToBeSold>
         <securitiesClassTitle>Common</securitiesClassTitle>
         <acquiredDate>08/15/2025</acquiredDate>
         <natureOfAcquisitionTransaction>Restricted Stock Unit- See Remarks</natureOfAcquisitionTransaction>
                  <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
                  <isGiftTransaction>N</isGiftTransaction>
		          <amountOfSecuritiesAcquired>3217</amountOfSecuritiesAcquired>
                  <paymentDate>08/15/2025</paymentDate>
                  <natureOfPayment>Equity Compensation</natureOfPayment>
      </securitiesToBeSold>

    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>


    		<remarks>Shares sold to cover the Reporting Person's tax obligation resulting from settlement of vested Restricted Stock Units. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by sell to cover transactions and does not represent a discretionary transaction by the Reporting Person.</remarks>

        <noticeSignature>
            <noticeDate>08/15/2025</noticeDate>
                        <signature> Aaron Saltz, attorney-in-fact for Brian Gephart</signature>
        </noticeSignature>
	</formData>

    </edgarSubmission>
