secwatch.observer — SEC 8-K summary
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Issuer:     MAGNITE, INC. (MGNI)
CIK:        0001595974
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001595974-21-000063
Event type: earnings
Sentiment:  positive
Materiality: 0.82
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnite Q3 revenue up 116% YoY to $131.9M; CTV revenue ex-TAC grows 51% pro forma
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595974/000159597421000063/0001595974-21-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595974/000159597421000063/mgni-20211103.htm
  HTML page:      https://secwatch.observer/filing/0001595974-21-000063

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