Magnite, Inc. (MGNI)
| Market Cap | 1.24B |
| Revenue (ttm) | 577.07M |
| Net Income (ttm) | -130.32M |
| Shares Out | 135.06M |
| EPS (ttm) | -0.98 |
| PE Ratio | n/a |
| Forward PE | 12.94 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 223,868 |
| Open | 9.39 |
| Previous Close | 9.18 |
| Day's Range | 9.22 - 9.45 |
| 52-Week Range | 5.59 - 14.29 |
| Beta | 2.15 |
| Analysts | Buy |
| Price Target | 15.35 (+66.49%) |
| Earnings Date | May 2, 2023 |
About MGNI
Magnite, Inc. operates an independent 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 provides applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory. It markets its tech... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for MGNI stock is "Buy." The 12-month stock price forecast is $15.35, which is an increase of 66.49% from the latest price.
News
Magnite Research Reveals Streaming TV Is Most-watched Form of TV Across the EU5
Study explores how evolving consumer attitudes and viewing habits are reshaping the streaming landscape
QYOU Media India Selects SpringServe as Its Primary Ad Server
QYOU Media India's Q PLAY app partners with SpringServe to connect advertisers with viewers across OTT and CTV QYOU Media India's Q PLAY app partners with SpringServe to connect advertisers with viewe...
SpringServe joins the Amazon Publisher Services Streaming TV Ad Server Certification Program
NEW YORK, March 10, 2023 (GLOBE NEWSWIRE) -- SpringServe, the leading independent ad serving platform now part of Magnite (NASDAQ:MGNI), announced today that it will be joining the Amazon Publisher Se...
Magnite Appoints David Buonasera to Chief Technology Officer
Ad Tech Veteran and SpringServe CTO Assumes Top Tech Role Ad Tech Veteran and SpringServe CTO Assumes Top Tech Role
Magnite Partners with S&P Global Mobility to Enrich Streaming TV Inventory with Automotive Insights
NEW YORK, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, today announced it is partnering with Polk Automotive Solutions from S&P Glo...
Magnite (MGNI) Q4 Earnings Miss Estimates
Magnite (MGNI) delivered earnings and revenue surprises of -31.43% and 13.90%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Magnite Reports Record Fourth Quarter and Full-Year 2022 Results
Total Revenue up 9% in Fourth Quarter
Rakuten Advertising Adopts SpringServe Tiles to Strengthen Impact of Ad-Supported Campaigns on Rakuten TV
LONDON, Feb. 16, 2023 (GLOBE NEWSWIRE) -- SpringServe, the leading independent TV ad serving platform now part of Magnite (Nasdaq: MGNI), today announced that Rakuten Advertising has adopted the Sprin...
TMB (Trusted Media Brands) Leverages Magnite SSP and SpringServe Ad Server to Streamline Omnichannel Programmatic Efficiency
NEW YORK, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, today announced TMB (Trusted Media Brands), the leading community-driven ent...
Magnite to Announce Fourth Quarter 2022 Financial Results on February 22, 2023
NEW YORK, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, will announce its financial results for the fourth quarter ended December 31...
Magnite (MGNI) Partners With Brightcove to Boost Advertising
Magnite (MGNI) enters a partnership with the cloud-based online video platform, Brightclove, to help it provide better opportunities to its customers to monetize the ad space.
Brightcove and Magnite Announce Strategic Partnership to Boost Ad Monetization for CTV and Online Video (OLV) Publishers
BOSTON--(BUSINESS WIRE)--Brightcove Inc. (NASDAQ: BCOV), the most trusted streaming technology company in the world, today announced it has entered into a strategic relationship with Magnite (NASDAQ...
Criteo Announces Preferred Relationship with Magnite to Extend Retailer Audiences into CTV
The collaboration will help drive growth for Criteo's retailer partners NEW YORK , Jan. 5, 2023 /PRNewswire/ -- Criteo (Nasdaq: CRTO), the commerce media company and Magnite (Nasdaq: MGNI), the world'...
Magnite to Participate in the Needham Annual Growth Conference
NEW YORK, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, today announced that members of its executive team will participate in a fir...
Magnite (MGNI) to Serve SmartNews as Supply Side Platform
Magnite (MGNI) to partner with SmartNews to serve as its supply-side platform and provide a demand manager mobile app solution.
SmartNews Selects Magnite as Preferred SSP in the US and Implements Demand Manager Mobile
Magnite's Demand Manager Mobile lifts SmartNews' programmatic ad spend Magnite's Demand Manager Mobile lifts SmartNews' programmatic ad spend
Ads on Streaming Platforms Capture More Attention Than Ads on Social Media in India, According to New Magnite Research
64% of streamers in India report that they are more receptive to ads on streaming platforms than ads on social media 64% of streamers in India report that they are more receptive to ads on streaming p...
Magnite (MGNI) Expands Its Existing Deal With Horizon Media
Magnite (MGNI) extends its partnership with Horizon Media.
Magnite and Horizon Media Sign Multi-Year SPO Deal to Bring Advertisers Closer to Premium Publisher Inventory
Horizon Media to Consolidate Omnichannel Buys Through Magnite, With Focus on CTV Horizon Media to Consolidate Omnichannel Buys Through Magnite, With Focus on CTV
Magnite (MGNI) Q3 Earnings and Revenues Surpass Estimates
Magnite (MGNI) delivered earnings and revenue surprises of 5.88% and 17.59%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
rlaxx TV Brings On Magnite's SSP to Support Ad Strategy Across Europe
German-based FAST and AVOD service expands its programmatic OTT advertising capabilities German-based FAST and AVOD service expands its programmatic OTT advertising capabilities
Magnite to Participate in Upcoming Financial Conferences
NEW YORK, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, today announced that members of its executive team will participate in the f...
Magnite (MGNI) Witnesses Significant Improvement Across Asia
Magnite (MGNI) announces growth across Asia as OTT viewership increases and omnichannel demand strengthens.
Magnite Reports Growth in Asia, Driven by Increasing OTT Viewership and Strong Omnichannel Demand
Magnite's technical capabilities and integrations with premium publishers fuel 23% year-over-year growth in omnichannel ad spend in Asia across the Magnite platform Magnite's technical capabilities an...