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]

Core Insights - Magnite is collaborating with Sky New Zealand to enable programmatic advertising on Sky Sport Now, enhancing access to premium live sports inventory for advertisers [1][4] - Sky Sport Now boasts 51.3 million annual streams and covers an average of 35 sporting codes, providing advertisers with significant opportunities for data-driven targeting [2][3] - The partnership aims to deliver a premium viewing experience while facilitating efficient inventory packaging for advertisers [4] Company Overview - Sky New Zealand is the leading entertainment company in New Zealand, offering a wide range of live sports, movies, shows, documentaries, and news [5] - Magnite is the world's largest independent sell-side advertising company, providing technology for publishers to monetize content across various formats including CTV, online video, display, and audio [6]

Core Insights - Magnite, the world's largest independent sell-side advertising company, will announce its financial results for Q4 2024 on February 26, 2025, after market close [1] - A conference call will be held on the same day at 1:30 PM PT / 4:30 PM ET to discuss the financial results and outlook [1] Company Overview - Magnite operates as a technology platform that enables publishers to monetize their content across various formats including CTV, online video, display, and audio [3] - The company is trusted by leading agencies and brands to access high-quality, brand-safe ad inventory, executing billions of advertising transactions monthly [3] - 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 [3]

Samsung TV Plus Expansion - Samsung TV Plus is now available on millions of Samsung Smart TVs in Singapore, the Philippines, and Thailand, offering free access to live TV channels across entertainment, news, and movies [1] - Popular channels like MythBusters, Survivor, Deal or No Deal, and Red Bull TV are among the first to launch on the platform, with more global and local channels expected in early 2025 [1] - Advertisers can now programmatically access Samsung TV Plus' premium in-stream inventory for the first time, marking a significant opportunity for targeted advertising [1][6] Samsung Ads Overview - Samsung Ads operates on a global scale, leveraging data from millions of Smart TVs across Southeast Asia to provide advanced TV advertising solutions [2] - The platform connects linear TV, OTT, and gaming, offering advertisers a holistic view of advanced TV audiences and enabling incremental reach and outcome measurement [2] - Samsung Ads, a division of Samsung Electronics, is the 1 TV manufacturer globally and operates in multiple regions including North America, Latin America, Europe, South Korea, ANZ, Southeast Asia, and India [2][5] Partnership with Magnite - Magnite, the largest independent sell-side advertising company, has strengthened its partnership with Samsung Ads to enable programmatic advertising on Samsung TV Plus in Singapore, the Philippines, and Thailand [6] - The collaboration allows advertisers to access premium video inventory on Samsung TV Plus, a free ad-supported streaming TV (FAST) service, through Magnite's programmatic platform [6] - Magnite's technology supports publishers in monetizing content across CTV, online video, display, and audio, with a presence in key global markets including New York, Los Angeles, London, Singapore, and Sydney [7] Market Opportunity in Southeast Asia - The combination of high Smart TV adoption and increased consumption of ad-supported streaming content in Southeast Asia presents a significant market opportunity [4] - Seven in ten TV viewers in the region already watch ad-supported streaming content, making Samsung TV Plus a valuable platform for advertisers to reach this audience [4] - Samsung Ads' FAST service, launched in just 12 months, reflects the company's confidence in the region's growth potential and its ability to scale programmatic advertising solutions [4]

Group 1 - Magnite has been selected as FIFA+'s global programmatic provider, enhancing the football streaming experience for fans worldwide [1][2] - The collaboration will utilize Magnite's product suite, including Magnite Streaming, SpringServe, and Magnite DV+, to monetize FIFA+'s content globally [2] - This partnership aims to deliver programmatic advertising across various devices, including mobile, desktop, and CTV, improving the viewing experience for fans [2][3] Group 2 - FIFA+ is a digital platform that offers free access to live matches, highlights, documentaries, and archived football content, launched in 2022 [4] - The platform is expanding its reach, providing unprecedented access to football for fans globally [4] - Magnite's technology will enable FIFA+ to meet consumer demand for more accessible live sports content and enhance advertising opportunities [3]