Magnite (MGNI) . The partnership with Snowflake enables agencies, advertisers and media proprietors to have the opportunity to utilize data in alignment with their specific business requirements across Magnite’s extensive streaming inventory.Magnite intends to continuously invest in providing seamless services to its clients from different domains.The Zacks Consensus Estimate for Magnite’s revenues for fiscal 2023 is pegged at $544.10 million, indicating a decrease of 5.71% year over year. The decline can b ...

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 Thi ...

© Magnite | 1 SÿĄă HÿrĀor We discuss many of these risks and additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," and elsewhere in this presentation and in other filings we have made and will make from time to time with the Securities and Exchange Commission, or SEC, including our Annual Report on Form 10-K ...

Acquisitions and Mergers - The company completed the acquisition of SpotX, SpringServe, and the merger with Telaria, enhancing its position as the largest independent omni-channel sell-side advertising platform[115]. - The SpringServe Acquisition expanded the company's video and CTV offerings, providing a holistic yield management solution for publishers[147]. - The company announced the launch of Magnite Access in June 2023, a suite of products aimed at helping publishers manage data assets to generate more revenue, leveraging technologies from recent acquisitions[128]. Revenue Growth and Performance - Revenue for the three months ended September 30, 2023, was $150.1 million, a 3% increase from $145.8 million in the prior year, while revenue for the nine months ended September 30, 2023, was $432.8 million, an 8% increase from $401.7 million[192]. - Revenue for the three months ended September 30, 2023, increased by $4.3 million, or 3%, compared to the prior year period, driven primarily by a $10.3 million, or 22%, increase in mobile revenue[167]. - Revenue for the nine months ended September 30, 2023, increased by $31.1 million, or 8%, with mobile revenue growing by $29.4 million, or 23%[168]. - Contribution ex-TAC increased by $5.5 million, or 4%, for the three months ended September 30, 2023, primarily due to growth in mobile, while it increased by $25.9 million, or 7%, for the nine months ended September 30, 2023[196][197]. Advertising Trends - The anticipated growth in CTV advertising spend may be slower than expected due to macroeconomic challenges and industry growth rate inaccuracies[106]. - The shift towards digital advertising is expected to continue, with a growing percentage of advertising dollars being spent through digital channels[124]. - Programmatic advertising is becoming the dominant method for transacting desktop, CTV, and mobile inventory, driven by the need for automation and transparency[125]. - CTV viewership is rapidly growing, leading to a shift in advertising budgets from linear TV to CTV, which is expected to significantly drive revenue growth[126]. Financial Challenges and Costs - The company has faced macroeconomic challenges, including inflation and global conflicts, which have negatively impacted advertising budgets and slowed ad spend growth[149]. - Cost of revenue for the three months ended September 30, 2023, increased by $13.1 million, or 18%, primarily due to an $8.9 million increase in depreciation and amortization[171]. - Cost of revenue for the nine months ended September 30, 2023, increased by $143.7 million, or 73%, mainly driven by a $117.4 million increase in depreciation and amortization[172]. - General and administrative expenses increased by $1.1 million, or 5%, for the three months ended September 30, 2023, and by $8.6 million, or 15%, for the nine months ended September 30, 2023, mainly due to an increase in bad debt expense[182][183]. Workforce and Operational Adjustments - The company reduced its global workforce by approximately 6% during the three months ended March 31, 2023, primarily to eliminate duplicative technology roles from the integration of CTV platforms[148]. - Technology and development expenses decreased by $1.6 million, or 6%, for the three months ended September 30, 2023, primarily due to a decrease in personnel expenses[179]. Cash Flow and Liquidity - As of September 30, 2023, the company had cash and cash equivalents of $310.5 million, with $627.0 million in outstanding indebtedness under its Term Loan B Facility and Convertible Senior Notes[201]. - Net cash provided by operating activities for the nine months ended September 30, 2023, was $125.3 million, an increase from $103.8 million for the same period in 2022[216]. - Cash flows used in investing activities for the nine months ended September 30, 2023, were $25.3 million, compared to $49.9 million in the prior year[219]. - The company’s working capital needs may fluctuate due to seasonality and macroeconomic challenges, impacting cash flows and liquidity[203]. Future Outlook and Strategic Initiatives - The company aims to increase the scale and efficiency of its technology infrastructure to support growth and address risks related to technological developments[106]. - The introduction of new offerings, including the Magnite Streaming platform and ClearLine solution, is expected to drive future revenue growth[106]. - The company expects cash flows from operations to generally increase over time as the business continues to grow[217]. - The company anticipates a decrease in capital expenditures and investments in internal use software development in 2023 compared to 2022[218]. Risks and Compliance - The company faces risks related to competition, integration of CTV platforms, and the ability to maintain client relationships amid market changes[106]. - The company is monitoring developments in privacy regulations, which could impose additional compliance costs and impact revenue[138]. - The company supports industry privacy initiatives, believing they will enhance consumer trust in digital advertising, although short-term revenue variability may occur due to these changes[129].

Magnite, Inc. (NASDAQ:MGNI) Q2 2023 Earnings Conference Call August 9, 2023 4:30 PM ET Company Participants Nick Kormeluk - Investor Relations Michael Barrett - President and Chief Executive Officer David Day - Chief Financial Officer Conference Call Participants Jason Kreyer - Craig-Hallum Shyam Patil - Susquehanna Laura Martin - Needham Nick Zangler - Stephens Daniel Kurnos - The Benchmark Company Matthew Thornton - Truist Securities Dan Day - B. Riley Securities Tim Nollen - Macquarie Operator Good day a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission File Number: 001-36384 __________________ MAGNITE, INC. (Exact name of registrant as specified in its charter) __________________ (State or other jurisdiction of incorporation or organization) Washington, D.C. 20549 __________________ FORM 10-Q __________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT P ...

Magnite, Inc. (NASDAQ:MGNI) Q1 2023 Earnings Conference Call May 10, 2022 4:30 PM ET Company Participants Nick Kormeluk - VP, IR & Head, Global Real Estate Michael Barrett - President, CEO & Director David Day - CFO Conference Call Participants Laura Martin - Needham & Company Shyam Patil - Susquehanna Financial Group Jason Kreyer - Craig-Hallum Nicholas Zangler - Stephens Inc. Matthew Swanson - RBC Capital Markets Dan Day - B. Riley FBR, Inc Operator Hello and welcome to the Magnite First Quarter 2023 Earn ...

May ø÷, ù÷ùú FORWARD-LOOKING STATEMENTS Magnite In addition to our GAAP results, we review certain non-GAAP financial measures to help us evaluate our business on a consistent basis, measure our performance, identify trends affecting our business, establish budgets, measure the effectiveness of investments in our technology and development and sales and marketing, and assess our operational efficiencies. These non-GAAP measures include Revenue ex-TAC, Adjusted EBITDA, Non-GAAP Income (Loss), and Non-GAAP Ea ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 10-Q __________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-36384 __________________ MAGNITE, INC. (Exa ...

Magnite, Inc. (NASDAQ:MGNI) Q4 2022 Earnings Conference Call February 22, 2023 4:30 PM ET Company Participants Nick Kormeluk - VP, IR & Head, Global Real Estate Michael Barrett - President, CEO & Director David Day - CFO Conference Call Participants Shyam Patil - Susquehanna Financial Group Nicholas Zangler - Stephens Inc. Laura Martin - Needham & Company Matthew Thornton - Truist Securities Daniel Kurnos - The Benchmark Company Matthew Swanson - RBC Capital Markets Jason Kreyer - Craig-Hallum Operator Good ...