Magnite(MGNI)
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Magnite’s Audience Activation Solution Expands Into India and Southeast Asia
GlobeNewswire· 2024-12-17 06:00
Magnite Audiences empowers publishers to unlock the full value of their audiences while enabling brands to connect with them at scaleSINGAPORE and MUMBAI, India, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, announced the expansion of Magnite Audiences and its debut in India and Southeast Asia. The solution empowers publishers to unlock the full value of their audiences, while helping buyers connect with high value audiences at scale. Magnite ...
Magnite Promotes Sean Buckley to President, Revenue and Katie Evans to President, Operations
GlobeNewswire News Room· 2024-12-11 21:05
NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising platform, today announced the promotion of two key leaders, to further sharpen the company’s strategic focus, drive innovation, and accelerate its momentum in the market. Sean Buckley has been promoted to President, Revenue and Katie Evans has been promoted to President, Operations. Mr. Buckley and Ms. Evans will continue to report to CEO, Michael Barrett. “Sean and Katie have had an eno ...
MGNI or INFA: Which Is the Better Value Stock Right Now?
ZACKS· 2024-11-20 17:45
Stock Comparison: Magnite (MGNI) vs Informatica Inc. (INFA) - Investors interested in Internet-Software stocks are likely comparing Magnite (MGNI) and Informatica Inc (INFA) for better value opportunities [1] Zacks Rank Analysis - Magnite holds a Zacks Rank of 2 (Buy) indicating strong earnings estimate revision activity and an improving analyst outlook [3] - Informatica Inc has a Zacks Rank of 3 (Hold) suggesting less impressive earnings estimate revision trends compared to Magnite [3] Valuation Metrics - Magnite's forward P/E ratio is 22.90 while Informatica Inc's is slightly higher at 23.35 [5] - Magnite's PEG ratio of 0.62 is significantly lower than Informatica Inc's 2.17 indicating better earnings growth potential relative to its price [5] - Magnite's P/B ratio of 3.15 is slightly lower than Informatica Inc's 3.26 suggesting a relatively better market value to book value comparison [6] Style Score Value Grade - Magnite earns a Value grade of B based on its strong valuation metrics including P/E, PEG, and P/B ratios [6] - Informatica Inc receives a Value grade of D reflecting less attractive valuation metrics compared to Magnite [6] Conclusion - Magnite demonstrates stronger estimate revision activity and more attractive valuation metrics making it the superior option for value investors currently [7]
Magnite (MGNI) Q3 Earnings and Revenues Beat Estimates
ZACKS· 2024-11-08 01:01
Magnite (MGNI) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.25%. A quarter ago, it was expected that this digital ad exchange operator would post earnings of $0.14 per share when it actually produced earnings of $0.14, delivering no surprise.Over the last four quarters, the compa ...
Magnite(MGNI) - 2024 Q3 - Earnings Call Transcript
2024-11-08 00:45
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 Conference Call Participants Laura Martin - Needham and Company Shyam Patil - Susquehanna Jason Kreyer - Craig-Hallum Capital Tim Nollen - Macquarie Omar Dessouky - Bank of America Dan Kurnos - The Benchmark Company Brian Kraska - Wolfe Research Zach Cummins - B. Riley Simran Biswal - RBC Capital Markets Robert C ...
Magnite(MGNI) - 2024 Q3 - Quarterly Report
2024-11-07 21:19
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, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ | --- | --- | --- | --- | |---------------------------------------- ...
Magnite(MGNI) - 2024 Q3 - Quarterly Results
2024-11-07 21:14
Exhibit 99.1 Total Revenue Grows 8% & Contribution ex-TAC Grows 12% Year-Over-Year (1) Contribution ex-TAC from CTV Grows 23% Year-Over-Year (1) NEW YORK, New York – November 7, 2024 – Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today reported its results of operations for the quarter ended September 30, 2024. Q3 2024 Highlights: • Supported Netflix's initial programmatic CTV ad launch • Revenue of $162.0 million, up 8% year-over-year • Contribution ex-TAC of $149. ...
Disney and Magnite Announce Two-Year Deal Renewal
GlobeNewswire News Room· 2024-10-23 12:30
NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, and Disney have announced a two-year deal extension. As the relationship grows into its sixth year, Magnite continues to be Disney’s preferred supply-side technology partner. Disney leverages Magnite’s technology to monetize its ad-supported inventory across the company’s entire portfolio. Magnite facilitates transactions for all 30+ DSPs that Disney works with. "Disney is committed to ...
Magnite: Draws In The Big Players, 9x FCF
Seeking Alpha· 2024-10-07 17:15
Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year. With a focus on tech and "the Great Energy Transition (including uranium)", Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outst ...
Magnite to Announce Third Quarter 2024 Financial Results on November 7, 2024
GlobeNewswire News Room· 2024-10-07 12:00
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 September 30, 2024 after the market close on Thursday, November 7, 2024. The Company will host a conference call at 1:30 PM (PT) / 4:30 PM (ET) the same day to discuss its financial results and outlook. Live conference call Toll free number: (844) 875-6911 (for domestic callers) Direct dial number: (412) 902-6511 (f ...