Magnite, Inc. (MGNI)
| Market Cap | 1.27B |
| Revenue (ttm) | 619.71M |
| Net Income (ttm) | -159.18M |
| Shares Out | 139.93M |
| EPS (ttm) | -1.17 |
| PE Ratio | n/a |
| Forward PE | 11.67 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,108,426 |
| Open | 8.88 |
| Previous Close | 8.84 |
| Day's Range | 8.79 - 9.18 |
| 52-Week Range | 6.28 - 15.73 |
| Beta | 2.25 |
| Analysts | Strong Buy |
| Price Target | 14.30 (+57.14%) |
| Earnings Date | May 8, 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 10 analysts, the average rating for MGNI stock is "Strong Buy." The 12-month stock price forecast is $14.3, which is an increase of 57.14% from the latest price.
News
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...
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 ...
Magnite Reports Fourth Quarter and Full-Year 2023 Results
Total Revenue up 7% & Contribution ex-TAC (1) up 6% in Fourth Quarter Adjusted EBITDA Margin (2) of 43% in Fourth Quarter Full-Year 2023 CTV Ad Spend (3) Growth Over 20% NEW YORK, Feb. 28, 2024 (GLOBE...
Magnite to Participate in the SIG Susquehanna Financial Group 13th Annual Technology Conference
NEW YORK, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the world's largest independent sell-side advertising company, today announced that members of its executive team will attend and ho...
Magnite to Announce Fourth Quarter 2023 Financial Results on February 28, 2024
NEW YORK, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the world's largest independent sell-side advertising company, will announce its financial results for the fourth quarter ended Dece...
Magnite Announces Intention to Refinance Existing Credit Facilities
NEW YORK, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today announced its intention to refinance its outstanding senior sec...
Tennis Australia Taps Magnite for Programmatic Advertising and Implements Demand Manager
SYDNEY, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the world's largest independent sell-side advertising company, announced that Tennis Australia has selected Demand Manager as their Pr...
Magnite to Participate in the Needham Annual Growth Conference
NEW YORK, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the world's largest independent sell-side advertising company, today announced that members of its executive team will present and h...
Magnite Expands Global Presence with Opening of First India Office
Opening of a Mumbai location enhances support for publishers and buyers in market Opening of a Mumbai location enhances support for publishers and buyers in market
Magnite Research Highlights Opportunity for Brands Amidst Growth of Ad-supported Streaming in Indonesia
JAKARTA, Indonesia, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today unveiled its latest research study, “Streaming TV's N...
Greenbids Selects Magnite as First SSP to Help Reduce Carbon Impact of Digital Advertising
Trial campaign with French advertiser successfully reduced carbon output by 24% while maintaining strong performance Trial campaign with French advertiser successfully reduced carbon output by 24% whi...
Magnite Research Uncovers Ad-Supported Streaming Services Deliver Scale and Impact for Brands in Southeast Asia
SINGAPORE, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today unveiled its latest research study Streaming TV's New Era: Emb...
Magnite to Participate in Upcoming Financial Conferences
NEW YORK, Nov. 06, 2023 (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...
As MFA Issues Puts Programmatic Curation Center Stage, Omnicom Media Group's SSP Standardization Initiative Assures Premium Inventory That Delivers on Value and Values Mandates
OMG's Council on Accountability and Standards (CASA) Continues to Turn Up the Heat on Transparency and Safety During Advertising Week NEW YORK , Oct. 17, 2023 /PRNewswire/ -- Omnicom Media Group (OMG)...
Magnite to Announce Third Quarter 2023 Financial Results on November 8, 2023
NEW YORK, Oct. 05, 2023 (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...
Magnite Unveils New Demand Manager Feature Powered by Machine Learning to Help Publishers Earn Incremental Revenue
Machine Learning Wrapper Optimization enables one-click A/B testing for Prebid recommendations Machine Learning Wrapper Optimization enables one-click A/B testing for Prebid recommendations
Yahoo Backstage Boosts CTV Capabilities with FreeWheel, Magnite's SpringServe, and Publica by IAS Integrations
NEW YORK--(BUSINESS WIRE)--Yahoo partners with FreeWheel, Magnite's SpringServe, and Publica by IAS to boost CTV inventory within direct-to-publisher offering, Yahoo Backstage.
Magnite Announces Global Partnership with Scope3 to Improve Sustainability Across Omnichannel Advertising
Layering Scope3 data across Magnite's vast video, display and mobile inventory will help advertisers better understand and reduce their carbon footprint Layering Scope3 data across Magnite's vast vide...
Magnite Inks Deal With Mediaocean to Boost Access to CTV For Local Linear Buyers
Expanded collaboration makes Magnite's streaming TV inventory available for local linear TV buyers through Mediaocean Expanded collaboration makes Magnite's streaming TV inventory available for local ...
Magnite and SpringServe Support FAST Ad Management for Virgin Media TV Services
LONDON, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the world's largest independent omnichannel sell-side advertising company, has been selected as the preferred SSP to support Virgin M...
Evercore ISI's Mark Mahaney breaks down the firm's top internet picks
Mark Mahaney, Evercore ISI head of internet research, joins 'Squawk Box' to discuss Evercore's new report on key takeaways from the second quarter earning season, the firm's top internet picks includi...
Magnite Reports Second Quarter 2023 Results
Total Revenue Grows 11% & Contribution ex-TAC Grows 9% Year-Over-Year Contribution ex-TAC From CTV Grows 8% Year-Over-Year NEW YORK, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the world...
Attain Partners with Magnite to Introduce Real-Time Sales Measurement for Video Advertising
Largest U.S. permissioned purchase panel enables advertisers to effectively measure lower-funnel sales outcomes in real-time tied to premium OLV and streaming video ad buys CHICAGO , Aug. 8, 2023 /PRN...
Magnite Announces Integration into FreeWheel's TV Platform, Allowing Publishers a More Aggregated View of Demand Across the Premium TV Ecosystem
NEW YORK, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Today, Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, announced a technical integration with FreeWheel , a global ...