Independent study highlights why top agencies and advertisers choose Magnite to access differentiated inventory and drive performanceNEW YORK, March 05, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, leads the market with 99% of CTV supply coverage and 96% of overall omnichannel supply coverage, according to the latest Jounce Supply Benchmarking Report. Magnite’s comprehensive coverage in the CTV ecosystem maintains a more than 24% lead over the next ...

Magnite, Inc. (NASDAQ: MGNI ) recently reported its Q4 results . Given how the company’s shares performed since then, I wanted to take a look at the number in a bit more detail and give some comments on the company’sMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.Ana ...

Financial Highlights Q4 2024 February 26, 2025 Magnite SÿĄă HÿrĀor 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 terms such as "may," "might," "will," ...

Financial Data and Key Metrics Changes - Magnite generated contribution ex-TAC of $607 million and processed ad spend of over $6 billion, achieving record highs for the company [9][10] - Adjusted EBITDA reached $197 million, with free cash flow of $118 million, both record figures [10][39] - Total revenue for Q4 was $194 million, up 4% from Q4 2023, while contribution ex-TAC was $180 million, an increase of 9% [39][40] - Net income for the quarter was $36 million, compared to $31 million for Q4 2023, with GAAP earnings per diluted share increasing 50% to $0.24 [45][46] Business Line Data and Key Metrics Changes - CTV contribution ex-TAC increased 23% year-over-year, while DV+ contribution ex-TAC grew only 1% due to unusual spending patterns post-election [11][40] - CTV accounted for 43% of contribution ex-TAC, with mobile at 40% and desktop at 17% [41] - The company reported strong growth in CTV driven by ad spend growth and a stabilizing year-over-year average take rate [12] Market Data and Key Metrics Changes - Significant growth in CTV was noted from partners like Roku, LG, Vizio, and Netflix, with expectations for continued growth in live sports [13][14] - The DV+ business experienced a post-election spending pause, leading to a drop in CPMs by 15% to 20% [36][37] - Political advertising contributed approximately 6.5% to contribution ex-TAC in Q4, while for the full year it was 3.2% [41][123] Company Strategy and Development Direction - The company is focused on expanding its CTV platform and enhancing its technology stack, including the introduction of generative AI tools [20][21] - Magnite aims to differentiate itself from competitors by emphasizing its unique technology and direct relationships with major streaming platforms [24][30] - The company is optimistic about the growth of its agency marketplaces and the potential for new revenue streams from data initiatives [16][73] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the rebound of the DV+ business and the overall strength of the CTV market [17][38] - The company anticipates total contribution ex-TAC to grow above 10% in 2025, with adjusted EBITDA expected to grow in the mid-teens [51][52] - Management highlighted the importance of maintaining a healthy value exchange between buyers and sellers in the open Internet ecosystem [31][87] Other Important Information - The company ended the year with $483 million in cash and a net leverage ratio reduced to 0.4% [39][48] - Capital expenditures for 2024 were $52 million, with expectations of approximately $60 million for 2025, primarily focused on tech stack efficiency [47][80] Q&A Session Summary Question: Context on Q1 guidance and early 2025 trends - Management noted a rebound in DV+ growth in the mid to high single digits, while CTV typically sees lower growth in Q1 [56][57] Question: SMB participation in CTV - Management indicated that new entrants need to couple CTV ads with DV+ metrics to assess efficacy, highlighting a significant appetite for CTV [60][62] Question: Medium-term growth expectations for CTV - Management expects to outpace market growth, projecting closer to 20% CTV growth when excluding political contributions [66][72] Question: GenAI strategy and CapEx implications - The focus of new tools is to enhance existing client efficiency and revenue, with CapEx aimed at optimizing tech stack costs [78][80] Question: OpenPath economics and CPM pressures - Management clarified that OpenPath does not significantly change publisher revenue, and CPMs dropped due to reduced demand in Q4, with a rebound seen in early 2025 [94][96] Question: CTV business mix and future contributions - Management expects a stable mix in CTV revenue, with potential shifts as more publishers rely on Magnite for demand [128][130]

Magnite (MGNI) came out with quarterly earnings of $0.34 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this digital ad exchange operator would post earnings of $0.16 per share when it actually produced earnings of $0.17, delivering a surprise of 6.25%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Magnite, which belo ...

Company Overview - Magnite is the world's largest independent omni-channel sell-side advertising platform, processing trillions of ad requests per month[18]. - The company operates globally with established presences in North America, Australia, and Europe, and is developing its presence in Asia and South America[22]. - The company operates as one reportable segment, providing a platform for the purchase and sale of digital advertising inventory globally[427]. Financial Performance - Revenue for the year ended December 31, 2024, was $668,170,000, representing an increase of 7.5% from $619,710,000 in 2023[409]. - Net income for the year ended December 31, 2024, was $22,786,000, a significant recovery from a net loss of $159,184,000 in 2023[409]. - Total current assets increased to $1,703,180,000 as of December 31, 2024, up from $1,523,003,000 in 2023, reflecting a growth of 11.8%[407]. - Total liabilities rose to $2,086,550,000 as of December 31, 2024, compared to $1,987,123,000 in 2023, indicating an increase of 5%[407]. - Cash and cash equivalents increased to $483,220,000 in 2024, up from $326,219,000 in 2023, marking a growth of 48%[407]. - The company reported total expenses of $617,083,000 for 2024, down from $774,719,000 in 2023, a decrease of 20.3%[409]. - The cost of revenue decreased to $258,838,000 in 2024 from $409,906,000 in 2023, a reduction of 36.8%[409]. - The company’s accumulated deficit improved to $(661,172,000) in 2024 from $(683,958,000) in 2023, showing a reduction of 3.3%[407]. - Basic net income per share for 2024 was $0.16, compared to a loss of $(1.17) per share in 2023[409]. - The total stockholders' equity at December 31, 2024, was $768,218,000, an increase from $701,683,000 in 2023[414]. - The company reported a comprehensive loss of $2,345,000 for 2024, compared to a comprehensive income of $1,075,000 in 2023[414]. Revenue Sources - Revenue generation is primarily based on a percentage of ad spend on the platform, with additional fixed CPM fees and monthly fees for certain services[59]. - Revenue from Connected TV (CTV) increased to $317.4 million, accounting for 48% of total revenue in 2024, up from 46% in 2023[491]. - The company reported that 75% of its revenue in 2024 was generated from the United States, with international revenue making up the remaining 25%[491]. Operational Strategies - The company plans to continue significant investments in technology, sales, and support related to CTV growth initiatives, which are expected to drive revenue growth[26]. - The Magnite Streaming platform is strategically built for CTV sellers, offering tools like ad podding and dynamic ad insertion to enhance the advertising experience[36]. - Continuous efforts to add high-quality sellers and expand existing relationships are focused on increasing transaction volume, especially in the CTV segment[54]. - The company has invested significant resources in building long-term strategic partnerships with a limited number of large CTV sellers, which are crucial for monetizing advertising inventory[77]. - The company maintains close relationships with major Demand-Side Platforms (DSPs), which are essential for driving advertising spend on its platform[80]. Market Trends and Challenges - The digital advertising market is expected to grow as consumers shift towards digital mediums, increasing the percentage of advertising dollars spent through digital channels[23]. - The company competes in a highly concentrated digital advertising market, facing significant competition from major players like Google and Facebook, while also navigating rapid industry evolution and consolidation[66]. - The transition from third-party cookies to first-party identifiers is anticipated to enhance the programmatic ecosystem, with a focus on direct relationships with consumers[29]. - Supply Path Optimization (SPO) is expected to benefit Magnite due to its transparency and unique inventory supply across all channels and formats[30]. Compliance and Risk Management - The company does not collect personally identifiable information, relying instead on pseudonymous data, which is subject to increasing privacy regulations globally[85]. - The company faces potential compliance costs and restrictions due to emerging privacy laws, with 16 comprehensive state privacy laws expected to be in effect by the end of 2025[89]. - The company is exposed to foreign currency exchange risks, with a potential loss of approximately $10.8 million from a 10% adverse change in foreign exchange rates as of December 31, 2024[389]. - The company has a floating interest rate on its 2024 Term Loan B Facility, which could expose it to interest rate fluctuations, with an estimated annualized impact of $3.6 million for each 100 basis points increase above the SOFR Floor[386]. Employee and Corporate Governance - As of December 31, 2024, the company had 905 full-time employees, indicating a focus on talent retention and employee engagement[71]. - The company is committed to ethical business conduct and compliance, requiring annual training for employees on harassment and discrimination[71]. Innovations and Technology - The company leverages big data and machine-learning algorithms to enhance traffic optimization and bid filtering, improving ROI for buyers and increasing revenue for sellers[40]. - Ongoing platform innovations include new features and ad formats to improve service value, such as tools for audience segmentation and solutions for live streaming challenges[56]. - The recently launched Magnite Curator Marketplace allows buyers to create custom marketplaces enriched with first-party or third-party data, enhancing the value of advertising inventory[42]. Financial Metrics and Estimates - The estimated useful lives of network hardware assets have been extended from three years to five years, resulting in an increase in income from operations of $12.6 million for the year ended December 31, 2024[432]. - The company classifies expenses into categories including cost of revenue, sales and marketing, technology and development, and general and administrative expenses[437][438][439][440]. - The allowance for doubtful accounts is based on the best estimate of probable credit losses in existing accounts receivable, reviewed quarterly[458]. - The estimated fair value of the Company's Convertible Senior Notes was $190.2 million as of December 31, 2024, up from $174.3 million in 2023, reflecting an increase of 9.0%[499].

Exhibit 99.1 Adjusted EBITDA Margin of 42% in Fourth Quarter (2) NEW YORK – February 26, 2025 – Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today reported its results of operations for the fourth quarter and year ended December 31, 2024. Recent Highlights: Expectations: "CTV performed well above expectations based on strength from our partnerships with many of the largest industry players. 1 • Revenue of $194.0 million for Q4 2024, up 4% from Q4 2023 • Contribution ...

Core Insights - Magnite reported a total revenue of $194.0 million for Q4 2024, reflecting a 4% increase from Q4 2023 [5] - Contribution ex-TAC for Q4 2024 was $180.2 million, up 9% year-over-year, with CTV contribution growing 23% to $77.9 million [5][6] - Adjusted EBITDA for Q4 2024 was $76.5 million, representing a 42% margin, compared to 43% in Q4 2023 [5][6] Financial Performance - Revenue for the full year 2024 reached $668.2 million, an 8% increase from $619.7 million in 2023 [6] - Net income for Q4 2024 was $36.4 million, or $0.24 per diluted share, compared to $30.9 million, or $0.16 per diluted share in Q4 2023 [5][6] - Adjusted EBITDA for the full year 2024 was $196.9 million, a 15% increase from $171.4 million in 2023 [5][6] Future Outlook - The company expects total Contribution ex-TAC for Q1 2025 to be between $140 million and $144 million, with CTV contribution projected between $61 million and $63 million [5] - For the full year 2025, Magnite anticipates Contribution ex-TAC growth above 10%, with mid-teens growth excluding political factors [5] - Adjusted EBITDA margin is expected to expand by at least 100 basis points in 2025, with mid-teens percentage growth in Adjusted EBITDA and high-teens to 20% growth in free cash flow [5]

Core Insights - DIRECTV Advertising and Magnite are collaborating to enhance live streaming advertising capabilities, addressing challenges such as unpredictable traffic and diverse ad experiences [1][2] - The programmatic enablement of DIRECTV's satellite-connected devices allows for greater scale and access to new audiences, particularly during high-viewership events and live sports [2][3] - DIRECTV has launched MySports, a tailored bundle aimed at sports fans, reinforcing its position as a leader in live sports broadcasting [3] Advertising Opportunities - Live inventory purchasing has been simplified for advertisers, with access to rich content metadata signals enhancing transparency and ad relevance [4] - DIRECTV is expanding its premium TV supply, providing marketers with additional live sports inventory through Magnite's platform [4][5] - The collaboration aims to optimize programmatic advertising in live CTV environments, driving better outcomes for advertisers while maintaining a quality viewing experience for consumers [5] Company Background - Magnite is the largest independent sell-side advertising company, facilitating monetization across various formats including CTV, online video, display, and audio [6] - DIRECTV Advertising specializes in audience-based, digital media solutions, leveraging decades of experience to optimize campaign impact and insights [7]

Group 1 - Magnite, the largest independent sell-side advertising company, will host in-person investor meetings at the Susquehanna Financial Group 14th Annual Technology Conference in New York City on February 27, 2025 [1] - The company provides technology for publishers to monetize content across various formats including CTV, online video, display, and audio [2] - Magnite's platform is trusted by leading agencies and brands to access high-quality ad inventory and execute billions of advertising transactions monthly [2] Group 2 - Magnite has a global presence with offices in North America, EMEA, LATAM, and APAC, including locations in New York City, Los Angeles, Denver, London, Singapore, and Sydney [2]