Magnite(US:MGNI)2024-02-28 21:24Financial Performance - Q4 2023 - Revenue increased by 7% year-over-year, from $175.4 million to $186.9 million[3] - Gross Profit increased significantly by 82% year-over-year, from $64.4 million to $116.9 million[3] - Net income saw a substantial turnaround, with a 185% increase from a loss of $36.4 million to a profit of $30.9 million[3] - Adjusted EBITDA increased by 10% year-over-year, from $64.2 million to $70.4 million, with an Adjusted EBITDA margin of 43%[3] - Non-GAAP earnings per share increased by 21% year-over-year, from $0.24 to $0.29[3] Full Year 2023 Highlights - Total Contribution ex-TAC grew 7% year-over-year to $549.1 million, from $514.6 million in 2022[6] - Contribution ex-TAC attributable to CTV was $218.5 million, an increase of 2% year-over-year[6] - Contribution ex-TAC attributable to DV+ grew 10% year-over-year to $330.7 million[6] - Total ad spend over $5.0 billion, representing growth approaching 20%[6] Capital Allocation - Board approved a new $125 million stock and convertible note repurchase program through February 2026[1]