Magnite, Inc. (NASDAQ:MGNI) Q1 2024 Earnings Conference Call May 8, 2024 4:30 PM ET Company Participants Nick Kormeluk - IR Michael Barrett - President and CEO David Day - CFO Conference Call Participants Shyam Patil - Susquehanna Laura Martin - Needham Jason Kreyer - Craig-Hallum Matt Swanson - RBC Capital Markets Zach Cummins - B. Riley FBR Dan Kurnos - The Benchmark Company Operator Good day and welcome to the Magnite First Quarter 2024 Earnings Conference Call. All participants will be in listen-only mo ...

Magnite (MGNI) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 350%. A quarter ago, it was expected that this digital ad exchange operator would post earnings of $0.03 per share when it actually produced earnings of $0.16, delivering a surprise of 433.33%.Over the last four ...

Magnite Magnite We do not provide a reconciliation of our non-GAAP financial expectations for Contribution ex-TAC and Adjusted EBITDA, or a forecast of the most comparable GAAP measures, because the amount and timing of many future charges that impact these measures (such as amortization of future acquired intangible assets, acquisition-related charges, foreign exchange (gain) loss, net, stock-based compensation, impairment charges, provision or benefit for income taxes, and our future revenue mix), which c ...

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, 2024 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 ...

Exhibit 99.1 Magnite Reports First Quarter 2024 Results Total Revenue Grows 15% & Contribution ex-TAC Grows 12% Year-Over-Year (1) Contribution ex-TAC from CTV Grows 18% Year-Over-Year (1) NEW YORK, New York – May 8, 2024 – Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today reported its results of operations for the quarter ended March 31, 2024. Q1 2024 Highlights: Expectations: "We once again beat the high end of our top line guidance in the first quarter, with con ...

The online advertising market is getting back on its digital feet. These two digital ad tech stocks are poised to perform in this sector rebound.April is drawing to a close. Tax season is behind us, the kids only have a few more weeks of school, and spring has sprung.Meanwhile, the first-quarter earnings season is just starting up. Online ad giants Roku (ROKU -10.29%) and Alphabet (GOOG 9.96%) (GOOGL 10.22%) posted analyst-stumping results last week, suggesting that the digital ad tech industry is back on s ...

In the latest trading session, Magnite (MGNI) closed at $9.97, marking a +1.22% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.15% for the day. Meanwhile, the Dow experienced a drop of 0.02%, and the technology-dominated Nasdaq saw an increase of 0.32%.Shares of the digital ad exchange operator have depreciated by 13.22% over the course of the past month, underperforming the Computer and Technology sector's gain of 1.32% and the S&P 500's gain of 1.65%.Market partic ...

NEW YORK, March 14, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, and Mediaocean, the mission-critical platform for omnichannel advertising, today announced an exclusive partnership to bring deeper automation and greater supply path efficiency to Mediaocean's Prisma buyers for connected TV (CTV) and online video (OLV). This partnership enables Prisma users to activate streaming campaigns directly with premium video sellers through Magnite's ClearLine ...

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? 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 proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Styl ...

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Magnite (MGNI) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.Magnite is a member of our Computer and Technology group, which includes 622 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 1 ...