Magnite, Inc. (NASDAQ:MGNI) Q3 2022 Earnings Conference Call November 9, 2022 4:30 PM ET Company Participants Nick Kormeluk - VP, IR & Head of Global Real Estate Michael Barrett - President, CEO & Director David Day - CFO Conference Call Participants Shyam Patil - Susquehanna Jason Kreyer - Craig-Hallum Laura Martin - Needham & Company Matthew Thornton - Truist Securities Matthew Swanson - RBC Capital Markets Operator Good afternoon, and welcome to the Magnite Q3 Conference Call. [Operator Instructions]. I ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 10-Q __________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-36384 __________________ MAGNITE, INC. ...

Magnite Financial Highlights Qù ù÷ùù August Ā, ù÷ùù CONFIDENTIAL | © MAGNITE © MAGNITE Safe Harbor FORWARD-LOOKING STATEMENTS This presentation, press release and management's prepared remarks during the conference call referred to above include, and management's answers to questions during the conference call may include, forward-looking statements, including statements based upon or relating to our expectations, assumptions, estimates, and projections. In some cases, you can identify forward-looking state ...

Magnite, Inc. (NASDAQ:MGNI) Q2 2022 Earnings Conference Call August 9, 2022 4:30 PM ET Company Participants Nick Kormeluk ??? Head-Investor Relations Michael Barrett ??? Chief Executive Officer David Day ??? Chief Financial Officer Conference Call Participants Shyam Patil ??? SIG Laura Martin ??? Needham and Company Jason Kreyer ??? Craig-Hallum Matt Swanson ??? RBC Capital Markets Dan Kurnos ??? The Benchmark Company Nick Zangler ??? Stephens Matt Thornton ??? Truist Securities Spencer Tan ??? Evercore IS ...

```markdown PART I. FINANCIAL INFORMATION [Item 1. Condensed Consolidated Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) Presents Magnite, Inc.'s unaudited condensed consolidated financial statements, including balance sheets, statements of operations, comprehensive income, stockholders' equity, and cash flows, along with detailed explanatory notes [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Summarizes the company's financial position, detailing assets, liabilities, and stockholders' equity at specific reporting dates | ASSETS (in thousands) | June 30, 2022 | December 31, 2021 | | :---------------------- | :------------ | :---------------- | | Cash and cash equivalents | $233,132 | $230,401 | | Accounts receivable, net | $886,108 | $927,781 | | TOTAL CURRENT ASSETS | $1,141,837 | $1,178,116 | | TOTAL ASSETS | $2,622,465 | $2,712,612 | | LIABILITIES AND STOCKHOLDERS' EQUITY (in thousands) | June 30, 2022 | December 31, 2021 | | :-------------------------------------------------- | :------------ | :---------------- | | Accounts payable and accrued expenses | $973,209 | $1,000,956 | | TOTAL CURRENT LIABILITIES | $1,002,217 | $1,029,395 | | TOTAL LIABILITIES | $1,801,086 | $1,831,855 | | TOTAL STOCKHOLDERS' EQUITY | $821,379 | $880,757 | | TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $2,622,465 | $2,712,612 | [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Details the company's revenues, expenses, and net income or loss over specific reporting periods | (in thousands, except per share amounts) | Three Months Ended June 30, 2022 | Three Months Ended June 30, 2021 | Six Months Ended June 30, 2022 | Six Months Ended June 30, 2021 | | :--------------------------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Revenue | $137,780 | $114,541 | $255,855 | $175,256 | | Total expenses | $161,043 | $161,522 | $318,942 | $236,013 | | Loss from operations | $(23,263) | $(46,981) | $(63,087) | $(60,757) | | Loss before income taxes | $(25,058) | $(50,887) | $(71,656) | $(63,598) | | Net income (loss) | $(24,954) | $36,808 | $(69,547) | $23,931 | | Net earnings (loss) per share - Basic | $(0.19) | $0.29 | $(0.53) | $0.20 | | Net earnings (loss) per share - Diluted | $(0.19) | $0.26 | $(0.53) | $0.18 | [Condensed Consolidated Statements of Comprehensive Income (Loss)](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income%20(Loss)) Presents the total comprehensive income or loss, including net income (loss) and other comprehensive income (loss) components | (in thousands) | Three Months Ended June 30, 2022 | Three Months Ended June 30, 2021 | Six Months Ended June 30, 2022 | Six Months Ended June 30, 2021 | | :------------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Net income (loss) | $(24,954) | $36,808 | $(69,547) | $23,931 | | Other comprehensive income (loss): | | Foreign currency translation adjustments | $(2,055) | $369 | $(1,945) | $56 | | Comprehensive income (loss) | $(27,009) | $37,177 | $(71,492) | $23,987 | [Condensed Consolidated Statements of Stockholders' Equity](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity) Outlines changes in the company's equity accounts, including common stock, additional paid-in capital, and accumulated deficit | (in thousands) | Balance at December 31, 2021 | Balance at June 30, 2022 | | :------------- | :--------------------------- | :----------------------- | | Common Stock | $2 | $2 | | Additional Paid-In Capital | $1,282,589 | $1,288,696 | | Accumulated Other Comprehensive Income (Loss) | $(1,376) | $(3,321) | | Accumulated Deficit | $(394,451) | $(463,998) | | Treasury Stock | $(6,007) | $0 | | Total Stockholders' Equity | $880,757 | $821,379 | - Total stockholders' equity decreased from **$880.8 million** at December 31, 2021, to **$821.4 million** at June 30, 2022, primarily due to a net loss of **$69.5 million** and other comprehensive loss of **$2.1 million**, partially offset by stock-based compensation and other equity activities[18](index=18&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Reports the cash generated and used by operating, investing, and financing activities over specific periods | (in thousands) | Six Months Ended June 30, 2022 | Six Months Ended June 30, 2021 | | :-------------------------------------------- | :----------------------------- | :----------------------------- | | Net cash provided by operating activities | $63,952 | $27,411 | | Net cash used in investing activities | $(36,743) | $(640,091) | | Net cash (used in) provided by financing activities | $(23,568) | $688,281 | | Change in cash, cash equivalents and restricted cash | $2,726 | $75,492 | | Cash, cash equivalents and restricted cash — End of period | $233,419 | $193,223 | - Cash provided by operating activities significantly increased to **$64.0 million** for the six months ended June 30, 2022, from **$27.4 million** in the prior year, despite a net loss, driven by non-cash adjustments and working capital changes[21](index=21&type=chunk)[261](index=261&type=chunk) - Net cash used in investing activities decreased substantially from **$640.1 million** in 2021 (due to the SpotX acquisition) to **$36.7 million** in 2022, reflecting lower acquisition spending[21](index=21&type=chunk)[264](index=264&type=chunk) - Financing activities shifted from providing **$688.3 million** in cash in 2021 (due to debt offerings) to using **$23.6 million** in 2022, primarily for share repurchases and tax payments related to stock awards[21](index=21&type=chunk)[267](index=267&type=chunk)[268](index=268&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Provides detailed explanations and additional information regarding the figures presented in the condensed consolidated financial statements [Note 1—Organization and Summary of Significant Accounting Policies](index=11&type=section&id=Note%201%E2%80%94Organization%20and%20Summary%20of%20Significant%20Accounting%20Policies) Describes Magnite's business, key acquisitions, and the significant accounting policies applied in preparing the financial statements - Magnite, Inc. provides technology solutions to automate digital advertising inventory purchase and sale globally, across all channels, formats, and auction types. Key acquisitions include Telaria (2020), SpotX (2021), and SpringServe (2021), enhancing its CTV and video advertising platform capabilities[26](index=26&type=chunk)[27](index=27&type=chunk) - The financial statements are prepared in accordance with GAAP for interim information, with management making estimates and assumptions, particularly challenging due to economic uncertainty from COVID-19, geopolitical events, and macroeconomic factors[28](index=28&type=chunk)[31](index=31&type=chunk) - The Company adopted ASU 2021-05 (Leases) on January 1, 2022, with no material impact. ASU 2021-08 (Business Combinations) will be effective in Q1 2023, and its impact is currently being assessed[32](index=32&type=chunk)[33](index=33&type=chunk)[34](index=34&type=chunk)

Magnite Financial Highlights Qø ù÷ùù May û, ù÷ùù CONFIDENTIAL | © MAGNITE © MAGNITE Safe Harbor FORWARD-LOOKING STATEMENTS This presentation, press release and management's prepared remarks during the conference call referred to above include, and management's answers to questions during the conference call may include, forward-looking statements, including statements based upon or relating to our expectations, assumptions, estimates, and projections. In some cases, you can identify forward-looking statemen ...

Magnite, Inc. (NASDAQ:MGNI) Q1 2022 Earnings Conference Call May 4, 2022 4:30 PM ET Company Participants Nick Kormeluk - Head, Investor Relations Michael Barrett - Chief Executive Officer David Day - Chief Financial Officer Conference Call Participants Laura Martin - Needham Jason Kreyer - Craig-Hallum Shyam Patil - Susquehanna Financial Group Tim Nollen - Macquarie Matt Swanson - RBC Capital Markets Vasily Karasyov - Cannonball Research Nick Zangler - Stephens Matt Thornton - Truist Operator Good evening, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 10-Q __________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-36384 __________________ MAGNITE, INC. (Exa ...

Magnite Financial Highlights Qû ù÷ùø February ùú, ù÷ùù CONFIDENTIAL | © MAGNITE © MAGNITE Safe Harbor FORWARD-LOOKING STATEMENTS This presentation and management's prepared remarks during the conference call referred to above include, and management's answers to questions during the conference call may include, forward-looking statements, including statements based upon or relating to our expectations, assumptions, estimates, and projections. In some cases, you can identify forward-looking statements by ter ...

Magnite Inc. (NASDAQ:MGNI) Q4 2021 Results Conference Call February 23, 2022 4:30 PM ET Company Participants Nick Kormeluk - SVP, IR Michael Barrett - CEO David Day - CFO Conference Call Participants Laura Martin - Needham Jason Kreyer - Craig-Hallum Matt Thornton - Truist Securities Matt Swanson - RBC Capital Markets Nick Zangler - Stephens, Inc. Shweta Khajuria - Evercore ISI Shyam Patil - SIG Tim Nollen - Macquarie Vasily Karasyov - Cannonball Research Operator Good day, and welcome to Magnite's Fourth Q ...