earnings
confidence high
sentiment positive
materiality 0.82
Magnite Q3 revenue up 116% YoY to $131.9M; CTV revenue ex-TAC grows 51% pro forma
MAGNITE, INC.
2021-Q3 EPS reported
$0.00
revenue$307,127,000
- Revenue ex-TAC $114.1M, up 89% YoY (up 26% pro forma); CTV portion $43.1M, up 51% pro forma, 38% of total.
- Net loss $24.3M ($0.18 loss per share) vs $10.5M loss last year; adjusted EBITDA $40.0M (35% margin) vs $13.7M.
- Non-GAAP EPS $0.14 vs $0.06 YoY; operating free cash flow $34.0M in Q3.
- Q4 guidance: revenue ex-TAC $138-142M, CTV portion $52-56M; adj. EBITDA expenses $79-81M, capex ~$8M.
- SpringServe ad server acquisition closed July 1, 2021, enhancing CTV position.