Magnite's self-service buying solution enabled Cross Screen Media to drive incremental reach during the 2024 election WASHINGTON, March 19, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, announced an expanded partnership with Cross Screen Media following a successful 2024 election cycle. The adoption of ClearLine, Magnite's self-service buying solution, helped Cross Screen Media bypass middlemen, put more spend toward working media, and drive incremen ...

Reduces Interest Rate by an Additional 75 Basis Points Over $2.7 Million in Yearly Interest Payment Savings NEW YORK, March 18, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today announced the second successful repricing of its $363 million senior secured term loan facility (Term Loan) due February 2031. The repricing reduces the interest rate by 75 basis points to Term SOFR + 3.00% from the previous rate of Term SOFR + 3.75% and will result ...

Magnite (NASDAQ: MGNI ) is an advertising company that arose from the merging of Rubicon Project and Telaria back in 2020. Their crowning achievement in the past few years has been their growth in the connected television (CTV) market. Connected television advertising has already comeI was taught the value of investing and the power of compounding money at a young age by my dad and aunt. My dad helped me start a CD when I was about 10 to get better returns off my Christmas and birthday money. I started inve ...

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 ...