Magnite, Inc. (MGNI)

NASDAQ: MGNI · IEX Real-Time Price · USD
12.22
+0.20 (1.66%)
Mar 1, 2024, 3:59 PM EST - Market closed
1.66%
Market Cap 1.69B
Revenue (ttm) 619.71M
Net Income (ttm) -159.18M
Shares Out 137.85M
EPS (ttm) -1.17
PE Ratio n/a
Forward PE 16.50
Dividend n/a
Ex-Dividend Date n/a
Volume 1,976,589
Open 12.19
Previous Close 12.02
Day's Range 11.78 - 12.40
52-Week Range 6.28 - 15.73
Beta 2.23
Analysts Strong Buy
Price Target 14.65 (+19.89%)
Earnings Date Feb 28, 2024

About MGNI

Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. Its 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 adverti... [Read more]

CEO Michael G. Barrett
Employees 911
Stock Exchange NASDAQ
Ticker Symbol MGNI
Full Company Profile

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 Statements

Analyst Forecast

According to 10 analysts, the average rating for MGNI stock is "Strong Buy." The 12-month stock price forecast is $14.65, which is an increase of 19.89% from the latest price.

Price Target
$14.65
(19.89% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

4 days ago - GlobeNewsWire

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...

4 weeks ago - GlobeNewsWire

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...

5 weeks ago - GlobeNewsWire

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...

5 weeks ago - GlobeNewsWire

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...

7 weeks ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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

2 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

2 low priced AdTech stocks to ride the advertising rebound

Advertising technology (AdTech) is driven by programmatic advertising platforms in the Business Services sector. These platforms enable advertisers to use automation and algorithmic programming to bid...

Other symbols: PUBM
3 months ago - MarketBeat

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...

3 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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)...

Other symbols: OMC
4 months ago - PRNewsWire

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...

5 months ago - GlobeNewsWire

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

5 months ago - GlobeNewsWire

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.

5 months ago - Business Wire

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...

6 months ago - GlobeNewsWire

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 ...

6 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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...

7 months ago - CNBC Television

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...

7 months ago - GlobeNewsWire

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...

7 months ago - PRNewsWire

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 ...

7 months ago - GlobeNewsWire

Magnite Research Uncovers Ads on TV, Including Streaming Services, Generate a High Level of Trust and Recall in Australia

The majority of ad-supported viewers trust ads on TV and streaming services, and more than half remember ads most within those environments The majority of ad-supported viewers trust ads on TV and str...

7 months ago - GlobeNewsWire

Magnite Appoints Yael Milbank as New ANZ Managing Director

SYDNEY, Australia, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising company, has announced that Yael Milbank has been appointed to the new...

7 months ago - GlobeNewsWire