It's amazing how a handful of words can deeply affect a stock's performance. During World War II, a common warning to keep potentially damaging quiet was implied by the common phrase "loose lips sink ships." Fast forward eighty-some years later, and we can apply that to the remarks of an executive at a key business partner of adtech company Magnite (MGNI 2.73%). These were taken to imply a sudden change in their relationship that was not beneficial to Magnite. The investor reaction was negative and lasting; ...

Disney appears to be downgrading its relationship with Magnite. Shares of Magnite (MGNI -10.76%), the sell-side adtech platform, were pulling back on reports that Walt Disney could stop using Magnite for its Disney Real-Time Ad Exchange, or DRAX, with some demand-side platforms (DSPs). As a result, the stock closed down 10.8% on the news. Is Magnite in trouble? At the Digiday Publishing Summit, Jamie Power, Disney's senior vice president of addressable sales, said in a presentation that Disney is no longer ...

NEW YORK, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today announced the successful repricing of the outstanding loans under its senior secured term loan facility (Term Loan) due in February 2031. The $364 million repricing reduces the interest rate by 75 basis points to Term SOFR + 3.75% from the previous rate of Term SOFR + 4.5%. The interest rate improvement represents a cumulative reduction of 125 basis points compared to the ...

PARIS, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, today announced it will work with TF1 PUB, French leading video advertising network, to streamline access to the broadcaster's programmatic demand. Magnite joins TF1 PUB's list of technology partners to support the TF1 group's digital acceleration. The TF1 Group is now a major player in streaming in France, with the launch of TF1+ earlier this year. TF1+ is the leading free French streamin ...

Democratic campaigns, agencies, and causes can utilize TargetSmart data at scale across premium content WASHINGTON, Aug. 15, 2024 /PRNewswire/ -- TargetSmart, the leading provider of political data for Democratic campaigns and advocacy organizations, announced an exclusive partnership with Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company. This collaboration, supported by Magnite's integration with Snowflake AI Data Cloud for Media, enables Democratic campaigns, agencies, and cau ...

Investors interested in stocks from the Internet - Software sector have probably already heard of Magnite (MGNI) and Smartsheet (SMAR) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style ...

Shares of Magnite (MGNI) have been struggling lately and have lost 5.8% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings ...

Magnite, Inc. (NASDAQ:MGNI) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Nick Kormeluk - VP of Investor Relations & Head of Global Real Estate Michael Barrett - President, CEO & Director David Day - Chief Financial Officer Conference Call Participants Shyam Patil - Susquehanna International Group Arthur Chu - BofA Jason Kreyer - Craig Hallum Capital Group Laura Martin - Needham and Company Ian Peterson - Evercore ISI Matt Swanson - RBC Capital Markets Eric Martinuzzi - Lak ...

Magnite (MGNI) came out with quarterly earnings of $0.14 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.09 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 a loss of $0.02 per share when it actually produced earnings of $0.05, delivering a surprise of 350%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Magnite, which belo ...

Fćnÿnāćÿl HćąĆlćąĆts Q2 2024 © Magnite | 1 August 7, 2024 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 ...