Magnite, Inc. (MGNI)
| Market Cap | 2.26B |
| Revenue (ttm) | 661.13M |
| Net Income (ttm) | 17.29M |
| Shares Out | 140.69M |
| EPS (ttm) | 0.12 |
| PE Ratio | 134.76 |
| Forward PE | 18.52 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,743,841 |
| Open | 16.27 |
| Previous Close | 16.26 |
| Day's Range | 15.97 - 16.65 |
| 52-Week Range | 7.97 - 17.00 |
| Beta | 2.43 |
| Analysts | Strong Buy |
| Price Target | 17.05 (+6.36%) |
| Earnings Date | Nov 7, 2024 |
About MGNI
Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. The company’s platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties to manage and monetize their inventory; and applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advert... [Read more]
Financial Performance
In 2023, Magnite's revenue was $619.71 million, an increase of 7.39% compared to the previous year's $577.07 million. Losses were -$159.18 million, 22.1% more than in 2022.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for MGNI stock is "Strong Buy." The 12-month stock price forecast is $17.05, which is an increase of 6.36% from the latest price.
News
Magnite Empowers TCL's Ad-Supported Business with Streaming Technology Suite Integration
Leading consumer electronics brand to leverage Magnite's ad server and SSP to enhance the viewer experience and capture the full value of their inventory Leading consumer electronics brand to leverage...
Magnite, Inc. (MGNI) Q3 2024 Earnings Call Transcript
Magnite, Inc. (NASDAQ:MGNI) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Nick Kormeluk - VP, IR & Head, Global Real Estate Michael Barrett - CEO David Day - CFO C...
Magnite to Participate in Upcoming Financial Conferences
NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising company, today announced that members of its executive team will participate in the fo...
Disney and Magnite Announce Two-Year Deal Renewal
Expands scope to include LATAM inventory, podcasts, and live sports in streaming Expands scope to include LATAM inventory, podcasts, and live sports in streaming
Magnite: Draws In The Big Players, 9x FCF
I believe that paying 9x forward free cash flow for Magnite is reasonable given its solid CTV growth prospects. The balance sheet is not ideal, but $230 million of net debt is manageable relative to t...
Magnite to Announce Third Quarter 2024 Financial Results on November 7, 2024
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 Septe...
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Magnite Successfully Completes Term Loan Repricing
Reduces Interest Rate by 75 Basis Points, Over $2.7 Million in Yearly Interest Payment Savings Reduces Interest Rate by 75 Basis Points, Over $2.7 Million in Yearly Interest Payment Savings
TF1 PUB Strengthens Its Programmatic Advertising Offering by Partnering With Magnite
Broadcaster to leverage Magnite Streaming and SpringServe to test new opportunities for monetising its inventory Broadcaster to leverage Magnite Streaming and SpringServe to test new opportunities for...
Gaming Analytics Platform Blitz Chooses Magnite as Preferred SSP to Streamline Programmatic Strategy
Centralizing all programmatic deals through Magnite provides advertisers with more efficient access to Blitz's diverse audience Centralizing all programmatic deals through Magnite provides advertisers...
TargetSmart Announces Exclusive Partnership with Magnite to Enable Turn Key Data-Driven Political Advertising Across CTV Inventory
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 f...
Magnite Launches Full AI-Driven Automation Within Demand Manager To Earn Incremental Revenue For Publishers
Ranker saw a 5% increase in spend after implementing automated wrapper management feature Ranker saw a 5% increase in spend after implementing automated wrapper management feature
Gracenote teams with major connected TV (CTV) players to optimize contextual ad targeting
New contextual categories powered by program-level Gracenote metadata available for Q4 campaigns with Cineverse, DIRECTV Advertising, Philo, Tastemade and Xumo to help buyers target key audiences at s...
Magnite to Announce Second Quarter 2024 Financial Results on August 7, 2024
NEW YORK, July 08, 2024 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the world's largest independent sell-side advertising company, will announce its financial results for the second quarter ended June...
CairoRCS Media Selects Magnite and its Demand Manager Wrapper Optimisation Product to Grow Programmatic Revenue
MILAN, July 03, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, today announced that CairoRCS Media, one of the largest Italian communication gr...
Magnite's SpringServe Powering Video Advertising for YTV in Japan
Implementation of SpringServe has helped YTV achieve revenue uplift and maximize operational efficiencies Implementation of SpringServe has helped YTV achieve revenue uplift and maximize operational e...
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Magnite and Spectrum Reach Team Up To Enhance Access to Programmatic Advertising
Expanded Partnership Extends Automated Advertising Capability Across Spectrum's Linear and Streaming TV Inventory Expanded Partnership Extends Automated Advertising Capability Across Spectrum's Linear...
United Selects Magnite's SpringServe to Power Advertising Solution for Inflight Personal Device Entertainment
NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, today announced it will power the delivery of advertising on United Airlines'...
Shopsense AI Activates Retail Media Advertising with Magnite Across Launch Partner Paramount Global
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Shopsense AI announced today that it is partnering with Magnite to launch programmatic advertising across its retail media platform.
Magnite, Inc. (MGNI) Q1 2024 Earnings Call Transcript
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 Partici...
KERV Interactive Partners with Magnite to Deliver AI-Powered Interactive Video Ads Programmatically, at Scale
AUSTIN, Texas--(BUSINESS WIRE)--KERV Interactive, the leader in AI-powered video analysis, performance and monetization, and Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertisi...
Magnite to Announce First Quarter 2024 Financial Results on May 8, 2024
NEW YORK, April 08, 2024 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the world's largest independent sell-side advertising company, will announce its financial results for the first quarter ended Marc...
Magnite: Impact From The Disney Deal Is Not As Bad As It Sounds
Magnite is recommended as a buy, with potential for growth in line with the industry and a positive impact from the Disney deal. Concerns about the Disney deal are overblown, as MGNI will still play a...
Mediaocean and Magnite Strike Exclusive Partnership to Automate Media Planning, Execution, and Reconciliation in Streaming TV
Buyers using Mediaocean's Prisma Platform will have turnkey access to CTV and OLV supply via Magnite's ClearLine solution Buyers using Mediaocean's Prisma Platform will have turnkey access to CTV and ...