Core Viewpoint - The remarks made by a senior executive at Walt Disney regarding its relationship with Magnite have negatively impacted Magnite's stock performance, leading to a nearly 11% decline in its stock price [1]. Group 1: Company Relationships - Jamie Power, a senior vice president at Walt Disney, stated that Disney no longer uses Magnite, opting instead for platforms operated by Google and The Trade Desk [2]. - Benchmark analyst Dan Kurnos noted that the change in Disney's relationship with Magnite was previously announced in March, suggesting that the market's reaction was based on a misunderstanding of the timeline [3]. Group 2: Analyst Perspectives - Analyst Dan Kurnos expressed skepticism about Disney creating a complete ad stack without Magnite, indicating that Magnite may still play a crucial role in future negotiations [4]. - B. Riley's Daniel Day defended Magnite, maintaining a buy recommendation and a price target of $18.50, emphasizing that Disney still considers Magnite "critical" to its success [4]. Group 3: Market Reaction - Despite the defense from analysts, Magnite's stock continued to decline, indicating that investor sentiment remained influenced by the initial negative news from Disney's executive [5].

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 ...

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 ...

NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today introduced automated wrapper management within Demand Manager to help publishers grow revenue and increase efficiency. Built on Prebid technology, Demand Manager gives publishers the yield management tools, reporting insights, and data enrichment connections that align with publishers' business strategies and goals. Using machine learning, the feature finds the optimal con ...

NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today introduced automated wrapper management within Demand Manager to help publishers grow revenue and increase efficiency. Built on Prebid technology, Demand Manager gives publishers the yield management tools, reporting insights, and data enrichment connections that align with publishers' business strategies and goals. Using machine learning, the feature finds the optimal con ...

New contextual categories powered by program-level Gracenote metadata available for Q4 campaigns with Cineverse, DIRECTV Advertising, Philo, Tastemade and Xumo to help buyers target key audiences at scale Publishers including Cineverse, DIRECTV Advertising, Philo, Tastemade and Xumo can enhance their programming with Gracenote Contextual Video Data which describes individual TV shows and movies to provide more visibility and transparency for media buyers who want additional signals around content. Agencies ...

TORONTO, July 9, 2024 /PRNewswire/ - Magnite (NASDAQ: MGNI), the largest independent sellside advertising company, today announced TELUS (TSX: T) (NYSE: TU), a world-leading communications technology company, has selected Magnite's SpringServe ad server and Magnite Streaming SSP as its preferred ad technology solutions in Canada. TELUS will utilize Magnite's ad server for its Free Ad-Supported TV (FAST) and online video advertising inventory. Magnite's SpringServe ad serving platform is built for connected ...

NEW YORK, July 08, 2024 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the world's largest independent sell-side advertising company, will announce its financial results for the second quarter ended June 30, 2024 after the market close on Wednesday, August 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 (for in ...