Magnite's self-service buying solution enabled Cross Screen Media to drive incremental reach during the 2024 election WASHINGTON, March 19, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, announced an expanded partnership with Cross Screen Media following a successful 2024 election cycle. The adoption of ClearLine, Magnite's self-service buying solution, helped Cross Screen Media bypass middlemen, put more spend toward working media, and drive incremen ...

Core Insights - Magnite has expanded its partnership with Cross Screen Media following a successful 2024 election cycle, leveraging its self-service buying solution, ClearLine, to enhance advertising efficiency and voter reach [1][3] Group 1: Partnership and Technology - The partnership aims to eliminate intermediaries, allowing for more direct spending on working media and improved voter engagement [1][3] - ClearLine was utilized alongside two DSPs and a linear TV schedule in a 2024 statewide race, resulting in a 4% incremental reach over other digital and TV components and an 8% incremental reach beyond DSPs alone [2] Group 2: Market Context and Demand - With 40% of swing voters unreachable via linear TV, direct access to CTV inventory is essential for maximizing reach among likely voters [3] - The political advertising landscape demands responsive platforms that allow for quick adjustments in budgets, creatives, and targeting, which ClearLine provides [3][4] Group 3: Future Outlook - ClearLine is positioned as a future-oriented solution for political advertisers, facilitating efficient and measurable connections with voters as CTV spending continues to grow [4]

Reduces Interest Rate by an Additional 75 Basis Points Over $2.7 Million in Yearly Interest Payment Savings NEW YORK, March 18, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today announced the second successful repricing of its $363 million senior secured term loan facility (Term Loan) due February 2031. The repricing reduces the interest rate by 75 basis points to Term SOFR + 3.00% from the previous rate of Term SOFR + 3.75% and will result ...

Magnite (NASDAQ: MGNI ) is an advertising company that arose from the merging of Rubicon Project and Telaria back in 2020. Their crowning achievement in the past few years has been their growth in the connected television (CTV) market. Connected television advertising has already comeI was taught the value of investing and the power of compounding money at a young age by my dad and aunt. My dad helped me start a CD when I was about 10 to get better returns off my Christmas and birthday money. I started inve ...

Independent study highlights why top agencies and advertisers choose Magnite to access differentiated inventory and drive performanceNEW YORK, March 05, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, leads the market with 99% of CTV supply coverage and 96% of overall omnichannel supply coverage, according to the latest Jounce Supply Benchmarking Report. Magnite’s comprehensive coverage in the CTV ecosystem maintains a more than 24% lead over the next ...

Magnite, Inc. (NASDAQ: MGNI ) recently reported its Q4 results . Given how the company’s shares performed since then, I wanted to take a look at the number in a bit more detail and give some comments on the company’sMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.Ana ...

Financial Highlights Q4 2024 February 26, 2025 Magnite SÿĄă HÿrĀor FORWARD-LOOKING STATEMENTS This presentation and management's prepared remarks during the conference call referred to above include, and management's answers to questions during the conference call may include, forward-looking statements, including statements based upon or relating to our expectations, assumptions, estimates, and projections. In some cases, you can identify forward-looking statements by terms such as "may," "might," "will," ...

Magnite, Inc. (NASDAQ:MGNI) Q4 2024 Earnings Conference Call February 26, 2025 4:30 PM ET Company Participants Nick Kormeluk - Head, Investor Relations Michael Barrett - Chief Executive Officer David Day - Chief Financial Officer Conference Call Participants Jason Kreyer - Craig-Hallum Dan Kurnos - The Benchmark Company Laura Martin - Needham & Company Shweta Khajuria - Wolfe Research Matt Swanson - RBC Capital Markets Aaron Flack - Susquehanna Eric Martinuzzi - Lake Street Zach Cummins - B. Riley FBR Arthu ...

Magnite (MGNI) came out with quarterly earnings of $0.34 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this digital ad exchange operator would post earnings of $0.16 per share when it actually produced earnings of $0.17, delivering a surprise of 6.25%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Magnite, which belo ...

Company Overview - Magnite is the world's largest independent omni-channel sell-side advertising platform, processing trillions of ad requests per month[18]. - The company operates globally with established presences in North America, Australia, and Europe, and is developing its presence in Asia and South America[22]. - The company operates as one reportable segment, providing a platform for the purchase and sale of digital advertising inventory globally[427]. Financial Performance - Revenue for the year ended December 31, 2024, was $668,170,000, representing an increase of 7.5% from $619,710,000 in 2023[409]. - Net income for the year ended December 31, 2024, was $22,786,000, a significant recovery from a net loss of $159,184,000 in 2023[409]. - Total current assets increased to $1,703,180,000 as of December 31, 2024, up from $1,523,003,000 in 2023, reflecting a growth of 11.8%[407]. - Total liabilities rose to $2,086,550,000 as of December 31, 2024, compared to $1,987,123,000 in 2023, indicating an increase of 5%[407]. - Cash and cash equivalents increased to $483,220,000 in 2024, up from $326,219,000 in 2023, marking a growth of 48%[407]. - The company reported total expenses of $617,083,000 for 2024, down from $774,719,000 in 2023, a decrease of 20.3%[409]. - The cost of revenue decreased to $258,838,000 in 2024 from $409,906,000 in 2023, a reduction of 36.8%[409]. - The company’s accumulated deficit improved to $(661,172,000) in 2024 from $(683,958,000) in 2023, showing a reduction of 3.3%[407]. - Basic net income per share for 2024 was $0.16, compared to a loss of $(1.17) per share in 2023[409]. - The total stockholders' equity at December 31, 2024, was $768,218,000, an increase from $701,683,000 in 2023[414]. - The company reported a comprehensive loss of $2,345,000 for 2024, compared to a comprehensive income of $1,075,000 in 2023[414]. Revenue Sources - Revenue generation is primarily based on a percentage of ad spend on the platform, with additional fixed CPM fees and monthly fees for certain services[59]. - Revenue from Connected TV (CTV) increased to $317.4 million, accounting for 48% of total revenue in 2024, up from 46% in 2023[491]. - The company reported that 75% of its revenue in 2024 was generated from the United States, with international revenue making up the remaining 25%[491]. Operational Strategies - The company plans to continue significant investments in technology, sales, and support related to CTV growth initiatives, which are expected to drive revenue growth[26]. - The Magnite Streaming platform is strategically built for CTV sellers, offering tools like ad podding and dynamic ad insertion to enhance the advertising experience[36]. - Continuous efforts to add high-quality sellers and expand existing relationships are focused on increasing transaction volume, especially in the CTV segment[54]. - The company has invested significant resources in building long-term strategic partnerships with a limited number of large CTV sellers, which are crucial for monetizing advertising inventory[77]. - The company maintains close relationships with major Demand-Side Platforms (DSPs), which are essential for driving advertising spend on its platform[80]. Market Trends and Challenges - The digital advertising market is expected to grow as consumers shift towards digital mediums, increasing the percentage of advertising dollars spent through digital channels[23]. - The company competes in a highly concentrated digital advertising market, facing significant competition from major players like Google and Facebook, while also navigating rapid industry evolution and consolidation[66]. - The transition from third-party cookies to first-party identifiers is anticipated to enhance the programmatic ecosystem, with a focus on direct relationships with consumers[29]. - Supply Path Optimization (SPO) is expected to benefit Magnite due to its transparency and unique inventory supply across all channels and formats[30]. Compliance and Risk Management - The company does not collect personally identifiable information, relying instead on pseudonymous data, which is subject to increasing privacy regulations globally[85]. - The company faces potential compliance costs and restrictions due to emerging privacy laws, with 16 comprehensive state privacy laws expected to be in effect by the end of 2025[89]. - The company is exposed to foreign currency exchange risks, with a potential loss of approximately $10.8 million from a 10% adverse change in foreign exchange rates as of December 31, 2024[389]. - The company has a floating interest rate on its 2024 Term Loan B Facility, which could expose it to interest rate fluctuations, with an estimated annualized impact of $3.6 million for each 100 basis points increase above the SOFR Floor[386]. Employee and Corporate Governance - As of December 31, 2024, the company had 905 full-time employees, indicating a focus on talent retention and employee engagement[71]. - The company is committed to ethical business conduct and compliance, requiring annual training for employees on harassment and discrimination[71]. Innovations and Technology - The company leverages big data and machine-learning algorithms to enhance traffic optimization and bid filtering, improving ROI for buyers and increasing revenue for sellers[40]. - Ongoing platform innovations include new features and ad formats to improve service value, such as tools for audience segmentation and solutions for live streaming challenges[56]. - The recently launched Magnite Curator Marketplace allows buyers to create custom marketplaces enriched with first-party or third-party data, enhancing the value of advertising inventory[42]. Financial Metrics and Estimates - The estimated useful lives of network hardware assets have been extended from three years to five years, resulting in an increase in income from operations of $12.6 million for the year ended December 31, 2024[432]. - The company classifies expenses into categories including cost of revenue, sales and marketing, technology and development, and general and administrative expenses[437][438][439][440]. - The allowance for doubtful accounts is based on the best estimate of probable credit losses in existing accounts receivable, reviewed quarterly[458]. - The estimated fair value of the Company's Convertible Senior Notes was $190.2 million as of December 31, 2024, up from $174.3 million in 2023, reflecting an increase of 9.0%[499].