Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Sales and marketing

Technology and development

General and administrative

Merger, acquisition, and restructuring costs

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Magnite

Magnite, Inc. provides a technology solution to automate the purchase and sale of digital advertising inventory for buyers and sellers. It features applications and services for digital advertising sellers including websites, mobile applications, and other digital media properties. The company was founded by Frank Addante, Duc Chau, Craig Roah, Julie Mattern and Brian D. Baumgart on April 20, 2007 and is headquartered in New York, NY.

Earnings data Q1 2021

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Earnings data Q3 2021

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Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Magnite reports strong Q4 performance, eyes CTV market leadership

Magnite's strong Q4 2022 performance and strategic partnerships position it well for revenue growth and market leadership in 2023.
Challenges in CTV growth and ad spend visibility require focus, while opportunities in market shifts and programmatic offerings offer avenues for expansion.
Cost optimization, margin expansion, and evolving partnerships are key focus areas for Magnite in navigating industry dynamics and driving growth.
Overall, Magnite's focus on CTV ad market leadership, programmatic growth, and strategic partnerships set the stage for a promising 2023.

Magnite excels in Q1 2023, eyes CTV market share growth

Magnite's Q1 2023 showcased strong financial performance, strategic advancements in CTV, and a positive outlook for the year. The company's differentiated market position and focus on debt reduction and financial metrics improvement are key highlights.

Magnite reports solid Q2 performance, faces challenges in managed services

Magnite's Q2 2023 showed solid revenue growth and strategic initiatives to enhance offerings. Challenges include financial losses and macro issues impacting managed services. Opportunities lie in strong Q3 expectations and international market performance.

Magnite exceeds Q3 guidance, secures key partnerships amid market challenges

Magnite's Q3 performance showcased financial strength and market share growth, despite challenges like delayed upfronts and live sports advertising complexities.
Noteworthy wins with Disney+ and Paramount Advertising highlight Magnite's ability to secure key partnerships and drive revenue growth.
Integration with Freewheel and expectations for Q4 and FY '24 present opportunities for Magnite to further expand its market presence and improve profitability.

Magnite surpasses Q4 expectations, poised for growth in 2024

Magnite's Q4 2023 performance exceeded expectations, with strong financials and partnerships driving growth. The company's focus on innovation, international expansion, and technology readiness positions them for success.
While facing challenges from industry dynamics and competition, Magnite's strengths in partnerships, product development, and market positioning offer resilience. Opportunities in ad spend growth, new formats, and investor engagement pave the way for future success.
Overall, Magnite's strategic outlook for 2024 is optimistic, with a clear roadmap for growth and a commitment to staying ahead in the evolving digital advertising landscape. Investor events and industry partnerships underscore their readiness for the future.

Magnite surpasses Q1 expectations, eyes CTV growth and strategic partnerships

Magnite's strong Q1 performance, strategic partnerships, and optimistic outlook on CTV and political advertising indicate a promising trajectory. The company's focus on operational efficiency and market expansion positions it well for future growth and profitability.

Magnite exceeds Q2 guidance, poised for CTV leadership and growth

Magnite's Q2 performance reflects strong financial results and strategic positioning in the CTV space, with a focus on innovation and growth.
While facing challenges in profitability and evolving industry landscapes, Magnite remains optimistic about future prospects and opportunities for expansion.
Overall, Magnite's emphasis on partnerships, technology advancements, and positive guidance signals a promising trajectory for the company in the digital advertising market.

Magnite excels in Q3 with accelerated CTV growth and strategic partnerships

Magnite's Q3 performance was marked by strong CTV growth, strategic partnerships, and improved financial metrics. The company's focus on innovation, partnerships, and financial discipline positions it well for sustained growth and profitability in the evolving digital advertising landscape.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Palo Alto Networks

Investors with an interest in Internet - Software stocks have likely encountered both Magnite (MGNI) and Palo Alto Networks (PANW). But which of these two stocks is more attractive to value investors?

MGNI vs. PANW: Which Stock Should Value Investors Buy Now?

Here is how Magnite (MGNI) and Nova Ltd. (NVMI) have performed compared to their sector so far this year.

Is Magnite (MGNI) Stock Outpacing Its Computer and Technology Peers This Year?

The average of price targets set by Wall Street analysts indicates a potential upside of 27.5% in Magnite (MGNI). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Think Magnite (MGNI) Could Surge 27.48%: Read This Before Placing a Bet

Magnite, Inc. (MGNI) Q4 2023 Earnings Call Transcript

Total Revenue up 7% & Contribution ex-TAC (1) up 6% in Fourth Quarter Adjusted EBITDA Margin (2) of 43% in Fourth Quarter Full-Year 2023 CTV Ad Spend (3) Growth Over 20% NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today reported its results of operations for the fourth quarter and year ended December 31, 2023. Recent Highlights: Revenue of $186.9 million for Q4 2023, up 7% from Q4 2022 Contribution ex-TAC(1) of $165.3 million for Q4 2023, exceeded guidance of $158 to $162 million, and was up 6% from Q4 2022 Contribution ex-TAC(1) attributable to CTV for Q4 2023 was $63.5 million, exceeded guidance of $61 to $63 million, and was down 2% year-over-year Contribution ex-TAC(1) attributable to DV+ for Q4 2023 was $101.8 million, exceeded guidance of $97 to $99 million, and was up 11% year-over-year Net income for Q4 2023 of $30.9 million, or $0.16 per diluted share, compared to a net loss of $36.4 million, or $0.27 per share for Q4 2022 Adjusted EBITDA(1) of $70.4 million in Q4 2023 representing a 43% Adjusted EBITDA margin(2), compared to Adjusted EBITDA(1) of $64.2 million, a margin of 41% for Q4 2022 Non-GAAP diluted earnings per share(1) of $0.29 for Q4 2023, compared to $0.24 non-GAAP diluted earnings per share(1) for Q4 2022 Operating cash flow(4) in Q4 2023 was $58.6 million Expectations: Total Contribution ex-TAC(1) for Q1 2024 to be between $122 and $126 million Contribution ex-TAC(1) attributable to CTV for Q1 2024 to be between $49 and $51 million Contribution ex-TAC(1) attributable to DV+ for Q1 2024 to be between $73 and $75 million Adjusted EBITDA operating expenses(5) for Q1 2024 to be between $106 and $108 million Adjusted EBITDA operating expenses(5) for Q2 2024 to be between $101 and $103 million Total Contribution ex-TAC(1) growth of approximately 10% for the full-year 2024, with CTV growing faster than DV+ Adjusted EBITDA margin(2) expansion of 100 basis points for 2024 Double digit percentage growth of Adjusted EBITDA(1) for 2024, and even higher growth in free cash flow(6) “We delivered a strong fourth quarter with CTV and DV+ revenue both exceeding the high end of our guidance ranges.

Magnite Reports Fourth Quarter and Full-Year 2023 Results

NEW YORK, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the world's largest independent sell-side advertising company, today announced that members of its executive team will attend and host in-person investor meetings at the SIG Susquehanna Financial Group 13th Annual Technology Conference in New York City on Thursday, February 29, 2024.

Magnite to Participate in the SIG Susquehanna Financial Group 13th Annual Technology Conference

Magnite operates in the digital advertising technology industry, providing a platform for buying and selling digital advertising inventory. The company aims to help publishers maximize revenue and advertisers reach their target audience through programmatic advertising. Analysts' expectations seem very conservative to me compared to the company's historical performance during the presidential election years.

Magnite: Don't Overlook The Catalyst Of The Election Year

NEW YORK, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the world's largest independent sell-side advertising company, will announce its financial results for the fourth quarter ended December 31, 2023 after the market close on Wednesday, February 28, 2024. The Company will host a conference call at 1:30 PM (PT) / 4:30 PM (ET) the same day to discuss its financial results and outlook.

Magnite to Announce Fourth Quarter 2023 Financial Results on February 28, 2024

NEW YORK, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today announced its intention to refinance its outstanding senior secured credit facilities.

Magnite Announces Intention to Refinance Existing Credit Facilities

SYDNEY, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the world's largest independent sell-side advertising company, announced that Tennis Australia has selected Demand Manager as their Prebid header bidding wrapper solution. Tennis Australia will leverage Magnite's DV+ platform and solely implement Demand Manager as their wrapper solution to monetise their display and mobile inventory programmatically for the first time and ahead of the Australian Open.

Tennis Australia Taps Magnite for Programmatic Advertising and Implements Demand Manager

Magnite (MGNI) Teams Up With iHeartMedia to Aid Advertisers

NEW YORK, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the world's largest independent sell-side advertising company, today announced that members of its executive team will present and host in-person investor meetings at the 26th Annual Needham Growth Conference in New York City on Thursday, January 18, 2024.

Magnite to Participate in the Needham Annual Growth Conference

Opening of a Mumbai location enhances support for publishers and buyers in market Opening of a Mumbai location enhances support for publishers and buyers in market

Magnite Expands Global Presence with Opening of First India Office

JAKARTA, Indonesia, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today unveiled its latest research study, “Streaming TV's New Era: Embracing Ad-supported Streaming Across Screens in Indonesia.” The research finds that ad-supported streaming in Indonesia continues to gain momentum and 69% of TV viewers in Indonesia watch ad-supported streaming.

Magnite Research Highlights Opportunity for Brands Amidst Growth of Ad-supported Streaming in Indonesia

Magnite's Q3 results showed mixed performance, with decelerating growth and improved profitability. Despite improving cash flows, weak guidance and macro challenges have prevented Magnite's share price from increasing. While there are reasons to be concerned about Magnite's business long-term, the company's valuation more than accounts for this.

Magnite: Strong Cash Flows Will Matter Eventually

Trial campaign with French advertiser successfully reduced carbon output by 24% while maintaining strong performance Trial campaign with French advertiser successfully reduced carbon output by 24% while maintaining strong performance

Greenbids Selects Magnite as First SSP to Help Reduce Carbon Impact of Digital Advertising

Pubmatic

Advertising technology (AdTech) is driven by programmatic advertising platforms in the Business Services sector. These platforms enable advertisers to use automation and algorithmic programming to bid for ad inventory through numerous networks on a demand-side platform (DSP).

2 low priced AdTech stocks to ride the advertising rebound

SINGAPORE, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today unveiled its latest research study Streaming TV's New Era: Embracing Ad-supported Streaming Across Screens in Southeast Asia. The research, which spans markets including Singapore, Indonesia, Philippines, Thailand and Vietnam, finds that ad-supported streaming services deliver scale and impact for brands and that 71% of TV viewers in Southeast Asia watch ad-supported streaming, closing the gap with traditional TV viewers.

Magnite Research Uncovers Ad-Supported Streaming Services Deliver Scale and Impact for Brands in Southeast Asia

Magnite, Inc. (NASDAQ:MGNI ) Q3 2023 Earnings Conference Call November 8, 2023 4:30 PM ET Company Participants Nick Kormeluk - IR Michael Barrett - President and CEO David Day - CFO Conference Call Participants Jason Kreyer - Craig-Hallum Shyam Patil - Susquehanna Dan Kurnos - The Benchmark Company Laura Martin - Needham Nick Zangler - Stephens Shweta Khajuria - Evercore ISI Matt Swanson - RBC Capital Markets Dan Day - B. Riley FBR Tim Nollen - Macquarie Operator Good afternoon and welcome to the Magnite Third Quarter 2023 Earnings Conference Call.

Magnite, Inc. (MGNI) Q3 2023 Earnings Call Transcript

Magnite, Inc.'s future seems uncertain due to its highly leveraged balance sheet. Challenges in the CTV sector, like a shift in the advertising landscape, worry me. I share analysts' skepticism about Magnite's 2024 prospects.

Magnite: Adapting To Uncertain Terrain, Why I'm Neutral

Omnicom Group

OMG's Council on Accountability and Standards (CASA) Continues to Turn Up the Heat on Transparency and Safety During Advertising Week NEW YORK , Oct. 17, 2023 /PRNewswire/ -- Omnicom Media Group (OMG), the media services division of Omnicom Group Inc. (NYSE: OMC) has launched an SSP Standardization Initiative to drive practices and capabilities that will increase advertiser ROI and brand safety for SSP investment by enabling buyers to curate premium inventory at scale.  The standards were developed by OMG's Council on Accountability and Standards in Advertising (CASA) -  a collaboration of OMG agencies, clients and media partners committed to enhancing quality control and transparency for advertisers across CTV, retail, social and SSP channels -  and are organized  around four core advertiser rights and partner capability pillars.

As MFA Issues Puts Programmatic Curation Center Stage, Omnicom Media Group's SSP Standardization Initiative Assures Premium Inventory That Delivers on Value and Values Mandates

Magnite's stock has fallen due to a rough patch in the CTV and digital ad market, but it's well placed to benefit from a recovery in the market. The company is gaining market share and has finished integrating its acquisitions, allowing it to develop new solutions. A shift towards programmatic ads may hurt in the short term but will be beneficial in the long run, aided by new high-value services.

Magnite Is A Recovery Candidate

Magnite (MGNI) introduces ML-driven recommendations for A/B testing within its Demand Manager product.

Magnite (MGNI) Reveals ML-Powered Feature for Demand Manager

NEW YORK, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the world's largest independent sell-side advertising company, will announce its financial results for the third quarter ended September 30, 2023 after the market close on Wednesday, November 8, 2023. The Company will host a conference call at 1:30 PM (PT) / 4:30 PM (ET) the same day to discuss its financial results and outlook.

Magnite to Announce Third Quarter 2023 Financial Results on November 8, 2023

Machine Learning Wrapper Optimization enables one-click A/B testing for Prebid recommendations Machine Learning Wrapper Optimization enables one-click A/B testing for Prebid recommendations

News for Magnite Stock (MGNI)