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NEW YORK, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising company, today announced that members of its executive team will host in-person investor meetings at the Needham 27th Annual Growth Conference in New York City on Wednesday, January 15. Company management will participate in a fireside chat at 11:00 a.m ET. A live webcast of the fireside chat will be available in the “Events & Presentations” section of Magnite’s investor relations website at: ht ...

Company Expansion and Product Launch - Magnite, the largest independent sell-side advertising company, announced the expansion of Magnite Audiences and its debut in India and Southeast Asia [1] - Magnite Audiences is part of the Magnite Access suite, a collection of audience and addressability tools designed to maximize the value of data assets for publishers and buyers [1] - The solution enables publishers to unlock the full value of their audiences and helps buyers connect with high-value audiences at scale [1] Product Features and Benefits - Magnite Audiences offers standardized, scalable segments based on publisher first-party data, enabling publishers to monetize their audiences and protect user data [2] - Audience segments include interest, purchase intent, demographic, seasonal, and custom categories, providing value and scale for buyers to achieve campaign goals [2] - The solution provides significant reach from a trusted pool of standardized data originating from first-party sources without compromising quality [2] Industry Impact and Client Feedback - Magnite Audiences helps publishers create value from data, enabling precise targeting for advertisers while enhancing user experience [3] - The solution is expected to tap into new revenue streams and increase the attractiveness of ad offerings for publishers [3] - Digital marketing agencies see Magnite Audiences as a pivotal tool for activating audience data at scale and curating customized ad inventory aligned with campaign goals [3] - Magnite is committed to providing solutions that help buyers and publishers package, find, and reach audiences in new ways amid the changing identity landscape [3] Company Overview - Magnite is the world's largest independent sell-side advertising company, helping publishers monetize content across all screens and formats, including CTV, online video, display, and audio [4] - The company's platform is trusted by leading agencies and brands to access brand-safe, high-quality ad inventory and execute billions of advertising transactions monthly [4] - Magnite has a global presence with offices across North America, EMEA, LATAM, and APAC [4]

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 ...

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 ...

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) 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 ...

Financial Performance - Revenue for the three months ended September 30, 2024, was $162.003 million, a 7.9% increase from $150.085 million in the same period last year[7]. - Net income for the three months ended September 30, 2024, was $5.214 million, compared to a net loss of $17.477 million for the same period in 2023[9]. - Total expenses for the three months ended September 30, 2024, were $146.880 million, down from $167.928 million in the prior year, representing a 12.5% decrease[7]. - The company reported a comprehensive income of $7.305 million for the three months ended September 30, 2024, compared to a comprehensive loss of $18.439 million in the same period last year[9]. - Net loss for the nine months ended September 30, 2024, was $13,621,000, a significant improvement compared to a net loss of $190,098,000 for the same period in 2023[15]. - Adjusted EBITDA for the three months ended September 30, 2024, was $50.6 million, a 26% increase from $40.3 million in the prior year[124]. - Adjusted EBITDA for the nine months ended September 30, 2024, was $120.3 million, an increase of $19.4 million compared to the prior year[134]. Revenue Breakdown - Revenue recognized on a net basis for the three months ended September 30, 2024, was $141.969 million, representing 88% of total revenue, compared to $123.703 million (82%) in the prior year[30]. - The company’s revenue from Connected TV (CTV) for the three months ended September 30, 2024, was $76.217 million, accounting for 47% of total revenue, compared to $67.765 million (45%) in the same period of 2023[31]. - International revenue for the three months ended September 30, 2024, was $41.763 million, representing 26% of total revenue, consistent with the prior year[32]. - Revenue from CTV and mobile increased by $8.5 million, or 12%, and $3.5 million, or 6%, respectively, for the three months ended September 30, 2024[110]. - The United States contributed $120.2 million, accounting for 74% of total revenue, while international revenue was $41.8 million, making up 26%[32]. Expenses and Costs - Total expenses decreased by 13% to $146.88 million for the three months ended September 30, 2024, compared to $167.93 million for the same period in 2023[105]. - Cost of revenue decreased by 26% to $62.54 million for the three months ended September 30, 2024, compared to $84.88 million for the same period in 2023[105]. - General and administrative expenses increased by 15% to $24.49 million for the three months ended September 30, 2024, compared to $21.29 million for the same period in 2023[105]. - Technology and development expenses decreased by 14% to $20.26 million for the three months ended September 30, 2024, compared to $23.54 million for the same period in 2023[105]. - Operating lease expense for the nine months ended September 30, 2024, was $17.2 million, compared to $18.8 million for the same period in 2023, indicating a decrease of approximately 8.5%[58]. Cash and Liquidity - Cash provided by operating activities for the nine months ended September 30, 2024, was $120,504,000, slightly down from $125,282,000 in the prior year[15]. - Total cash, cash equivalents, and restricted cash at the end of September 2024 was $387,244,000, an increase from $310,555,000 at the end of September 2023[17]. - The company believes existing cash and cash equivalents will be sufficient to meet liquidity requirements for at least the next twelve months[137]. - The company’s cash and cash equivalents balance is influenced by operating results, capital expenditures, and changes in working capital[138]. Stockholder Equity and Debt - The total stockholders' equity as of September 30, 2024, was $725.876 million, up from $701.683 million at the end of 2023[5]. - The accumulated deficit as of September 30, 2024, was $697.579 million, an increase from $683.958 million at the end of the previous year[5]. - As of September 30, 2024, the total debt of the Company is $553.8 million, compared to $536.6 million as of December 31, 2023, reflecting an increase of approximately 3.9%[67]. - The net carrying value of Convertible Senior Notes is $203.3 million as of September 30, 2024, consistent with the previous period[67]. - The company repurchased $9,006,000 worth of treasury stock during the nine months ended September 30, 2024[15]. Future Outlook and Strategy - The company plans to continue focusing on market expansion and new product development to drive future growth[7]. - The company expects revenue to continue increasing through the remainder of 2024, with CTV being the biggest growth driver, including political advertising[110]. - The company is investing in identity solutions to adapt to the decreased reliance on third-party cookies, enhancing audience targeting capabilities[91]. - The company aims to leverage its scale and expertise in CTV to advance a first-party identity model, creating value opportunities for clients[93]. Accounting and Compliance - The company expects the impact of adopting new accounting standards related to segment reporting to be limited to disclosing significant expenses starting with the annual period ending December 31, 2024[24]. - The company expects limited impact from the adoption of new accounting standards effective in 2024 and 2025, primarily related to segment disclosures and income tax information[24].

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 ...

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 ...