Exhibit 99.1 Total Revenue Grows 8% & Contribution ex-TAC Grows 12% Year-Over-Year (1) Contribution ex-TAC from CTV Grows 23% Year-Over-Year (1) NEW YORK, New York – November 7, 2024 – Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today reported its results of operations for the quarter ended September 30, 2024. Q3 2024 Highlights: • Supported Netflix's initial programmatic CTV ad launch • Revenue of $162.0 million, up 8% year-over-year • Contribution ex-TAC of $149. ...

NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, and Disney have announced a two-year deal extension. As the relationship grows into its sixth year, Magnite continues to be Disney’s preferred supply-side technology partner. Disney leverages Magnite’s technology to monetize its ad-supported inventory across the company’s entire portfolio. Magnite facilitates transactions for all 30+ DSPs that Disney works with. "Disney is committed to ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year. With a focus on tech and "the Great Energy Transition (including uranium)", Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outst ...

NEW YORK, Oct. 07, 2024 (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, 2024 after the market close on Thursday, November 7, 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. Live conference call Toll free number: (844) 875-6911 (for domestic callers) Direct dial number: (412) 902-6511 (f ...

It's amazing how a handful of words can deeply affect a stock's performance. During World War II, a common warning to keep potentially damaging quiet was implied by the common phrase "loose lips sink ships." Fast forward eighty-some years later, and we can apply that to the remarks of an executive at a key business partner of adtech company Magnite (MGNI 2.73%). These were taken to imply a sudden change in their relationship that was not beneficial to Magnite. The investor reaction was negative and lasting; ...

Disney appears to be downgrading its relationship with Magnite. Shares of Magnite (MGNI -10.76%), the sell-side adtech platform, were pulling back on reports that Walt Disney could stop using Magnite for its Disney Real-Time Ad Exchange, or DRAX, with some demand-side platforms (DSPs). As a result, the stock closed down 10.8% on the news. Is Magnite in trouble? At the Digiday Publishing Summit, Jamie Power, Disney's senior vice president of addressable sales, said in a presentation that Disney is no longer ...

NEW YORK, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today announced the successful repricing of the outstanding loans under its senior secured term loan facility (Term Loan) due in February 2031. The $364 million repricing reduces the interest rate by 75 basis points to Term SOFR + 3.75% from the previous rate of Term SOFR + 4.5%. The interest rate improvement represents a cumulative reduction of 125 basis points compared to the ...

PARIS, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, today announced it will work with TF1 PUB, French leading video advertising network, to streamline access to the broadcaster's programmatic demand. Magnite joins TF1 PUB's list of technology partners to support the TF1 group's digital acceleration. The TF1 Group is now a major player in streaming in France, with the launch of TF1+ earlier this year. TF1+ is the leading free French streamin ...

Democratic campaigns, agencies, and causes can utilize TargetSmart data at scale across premium content WASHINGTON, Aug. 15, 2024 /PRNewswire/ -- TargetSmart, the leading provider of political data for Democratic campaigns and advocacy organizations, announced an exclusive partnership with Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company. This collaboration, supported by Magnite's integration with Snowflake AI Data Cloud for Media, enables Democratic campaigns, agencies, and cau ...

Investors interested in stocks from the Internet - Software sector have probably already heard of Magnite (MGNI) and Smartsheet (SMAR) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style ...