Magnite Reports Fourth Quarter and Full-Year 2024 Results

Core Insights - Magnite reported a total revenue of $194.0 million for Q4 2024, reflecting a 4$180.2 million, up 9% year-over-year, with CTV contribution growing 23% to $77.9 million [5][6] - Adjusted EBITDA for Q4 2024 was$76.5 million, representing a 42% margin, compared to 43% in Q4 2023 [5][6] Financial Performance - Revenue for the full year 2024 reached $668.2 million, an 8$619.7 million in 2023 [6] - Net income for Q4 2024 was $36.4 million, or$0.24 per diluted share, compared to $30.9 million, or$0.16 per diluted share in Q4 2023 [5][6] - Adjusted EBITDA for the full year 2024 was $196.9 million, a 15$171.4 million in 2023 [5][6] Future Outlook - The company expects total Contribution ex-TAC for Q1 2025 to be between $140 million and$144 million, with CTV contribution projected between $61 million and$63 million [5] - For the full year 2025, Magnite anticipates Contribution ex-TAC growth above 10%, with mid-teens growth excluding political factors [5] - Adjusted EBITDA margin is expected to expand by at least 100 basis points in 2025, with mid-teens percentage growth in Adjusted EBITDA and high-teens to 20% growth in free cash flow [5]