Magnite, Inc. (MGNI)
| Market Cap | 2.17B |
| Revenue (ttm) | 661.13M |
| Net Income (ttm) | 17.29M |
| Shares Out | 140.69M |
| EPS (ttm) | 0.12 |
| PE Ratio | 129.80 |
| Forward PE | 17.78 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,091,975 |
| Open | 15.54 |
| Previous Close | 15.14 |
| Day's Range | 15.37 - 15.64 |
| 52-Week Range | 8.38 - 18.38 |
| Beta | 2.51 |
| Analysts | Strong Buy |
| Price Target | 18.39 (+19.11%) |
| Earnings Date | Feb 26, 2025 |
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 14 analysts, the average rating for MGNI stock is "Strong Buy." The 12-month stock price forecast is $18.39, which is an increase of 19.11% from the latest price.
News
Magnite Strengthens Partnership with Samsung Ads to Power Programmatic Advertising on Samsung TV Plus in Southeast Asia
Advertisers can now buy Samsung TV Plus inventory programmatically in Singapore, the Philippines, and Thailand through Magnite Advertisers can now buy Samsung TV Plus inventory programmatically in Sin...
FIFA+ Selects Magnite as Part of Their Global Programmatic Expansion to Power Video Advertising on FIFA+ and FAST Channels Globally
Collaboration comes as FIFA+ continues to revolutionize and democratize the football streaming experience for fans across the globe Collaboration comes as FIFA+ continues to revolutionize and democrat...
AdGood Launches First-Ever Nonprofit CTV Platform at CES 2025
With the Support of Magnite and Others, AdGood Empowers Nonprofits to Achieve Fortune 500-level Advertising Impact on a Nonprofit Budget THOUSAND OAKS, Calif. , Jan. 7, 2025 /PRNewswire/ -- AdGood, a ...
Magnite: Capitalizing On CTV Tailwinds As The Leading SSP
Q3 results and guidance were strong, with the company also extending and expanding its deal with Disney. The outlook for next year looks promising, with a significant contribution from Netflix expecte...
Magnite to Participate in Needham Annual Growth Conference
NEW YORK, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising company, today announced that members of its executive team will host in-person invest...
Magnite Promotes Sean Buckley to President, Revenue and Katie Evans to President, Operations
Promotions to Further Sharpen Company's Strategic Focus, Drive Momentum Promotions to Further Sharpen Company's Strategic Focus, Drive Momentum
LG Ad Solutions Renews Global Partnership with Magnite
Major OEM to leverage Magnite's Streaming SSP and SpringServe ad server to power programmatic execution of new ad formats Major OEM to leverage Magnite's Streaming SSP and SpringServe ad server to pow...
WeTV Partners With Magnite to Enhance Video Inventory Monetisation
BidLink solution within Magnite's SpringServe ad server to support WeTV in scaling programmatically BidLink solution within Magnite's SpringServe ad server to support WeTV in scaling programmatically
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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