secwatch.observer — SEC 8-K summary
======================================

Issuer:     MAGNITE, INC. (MGNI)
CIK:        0001595974
Form:       8-K
Filed at:   2021-08-05T23:59:59+00:00
Accession:  0001595974-21-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595974/000159597421000053/0001595974-21-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595974/000159597421000053/mgni-20210805.htm
  HTML page:      https://secwatch.observer/filing/0001595974-21-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer