Magnite Q2 revenue $114.5M (+170% YoY); CTV ex-TAC $34.3M (+333%); guides Q3 ex-TAC $112-$116M

MAGNITE, INC.

2021-Q2 EPS reported $0.18 revenue$175,256,000

Revenue $114.5M, up 170% YoY; Revenue ex-TAC $100.4M, up 139% (79% pro forma).
CTV revenue ex-TAC $34.3M, up 333% YoY (108% pro forma); SpringServe acquisition closed July 1.
Net income $36.8M ($0.26 diluted EPS) vs net loss $39.1M in Q2 2020; Adjusted EBITDA $31.8M (32% margin).
Q3 guidance: Revenue ex-TAC $112M-$116M; CTV ex-TAC $41M-$45M (~50% pro forma growth); Adj EBITDA op ex $77M-$79M.
Non-GAAP diluted EPS $0.11 vs ($0.10) loss; Operating free cash flow $23.8M.

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