Exhibit 99.1 Magnite Reports First Quarter 2024 Results Total Revenue Grows 15% & Contribution ex-TAC Grows 12% Year-Over-Year (1) Contribution ex-TAC from CTV Grows 18% Year-Over-Year (1) NEW YORK, New York – May 8, 2024 – Magnite (NASDAQ: MGNI), the world's largest independent sell-side advertising company, today reported its results of operations for the quarter ended March 31, 2024. Q1 2024 Highlights: Expectations: "We once again beat the high end of our top line guidance in the first quarter, with con ...

The online advertising market is getting back on its digital feet. These two digital ad tech stocks are poised to perform in this sector rebound.April is drawing to a close. Tax season is behind us, the kids only have a few more weeks of school, and spring has sprung.Meanwhile, the first-quarter earnings season is just starting up. Online ad giants Roku (ROKU -10.29%) and Alphabet (GOOG 9.96%) (GOOGL 10.22%) posted analyst-stumping results last week, suggesting that the digital ad tech industry is back on s ...

In the latest trading session, Magnite (MGNI) closed at $9.97, marking a +1.22% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.15% for the day. Meanwhile, the Dow experienced a drop of 0.02%, and the technology-dominated Nasdaq saw an increase of 0.32%.Shares of the digital ad exchange operator have depreciated by 13.22% over the course of the past month, underperforming the Computer and Technology sector's gain of 1.32% and the S&P 500's gain of 1.65%.Market partic ...

NEW YORK, March 14, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, and Mediaocean, the mission-critical platform for omnichannel advertising, today announced an exclusive partnership to bring deeper automation and greater supply path efficiency to Mediaocean's Prisma buyers for connected TV (CTV) and online video (OLV). This partnership enables Prisma users to activate streaming campaigns directly with premium video sellers through Magnite's ClearLine ...

Investors with an interest in Internet - Software stocks have likely encountered both Magnite (MGNI) and Palo Alto Networks (PANW) . 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 proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Styl ...

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Magnite (MGNI) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.Magnite is a member of our Computer and Technology group, which includes 622 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 1 ...

Magnite (MGNI) closed the last trading session at $11.57, gaining 25.9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $14.75 indicates a 27.5% upside potential.The average comprises eight short-term price targets ranging from a low of $11 to a high of $18, with a standard deviation of $2.38. While the lowest estimate indicates a decline of 4.9% from the current price level, the m ...

Magnite, Inc. (NASDAQ:MGNI) Q4 2023 Earnings Conference Call February 28, 2024 4:30 PM ET Company Participants Nick Kormeluk - IR Michael Barrett - President and CEO David Day - CFO Conference Call Participants Daniel Kurnos - The Benchmark Company Laura Martin - Needham Jason Kreyer - Craig-Hallum Shweta Khajuria - Evercore ISI Daniel Day - B. Riley Omar Dessouky - Bank of America Matthew Swanson - RBC Capital Markets Operator Good day and welcome to the Magnite Q4 2023 Earnings Conference Call. All partic ...

Board approved new $125 million stock and convertible note repurchase program - through February 2026 © Magnite | 8 Q4 2023 Summÿry Financial Measures ($MM except per share data) Three Months Ended 12/31/2023 12/31/2022 Change Fav / (Unfav) | --- | --- | --- | --- | |------------------------------------------------------|-------|-------|-------| | Revenue $186.9 $175.4 7% | | | | | Gross Profit $116.9 $64.4 82% | | | | | Contribution ex-TAC(1) $165.3 $156.6 6% | | | | | Net income (loss) $30.9 ($36.4) 185% ...

Exhibit 99.1 Magnite Reports Fourth Quarter and Full-Year 2023 Results Total Revenue up 7% & Contribution ex-TAC up 6% in Fourth Quarter (1) Adjusted EBITDA Margin of 43% in Fourth Quarter (2) Full-Year 2023 CTV Ad Spend Growth Over 20% (3) NEW YORK – February 28, 2024 – 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, 2023. Recent Highlights: Expectations: section called "Non-GA ...