earnings
confidence high
sentiment positive
materiality 0.78
Magnite Q1 revenue ex-TAC up 79% to $107.1M; CTV grows 253% YoY; adjusted EBITDA up 208%
MAGNITE, INC.
2022-Q1 EPS reported
-$0.34
revenue$118,075,000
- Revenue $118.1M (+94% YoY); revenue ex-TAC $107.1M (+79%); CTV ex-TAC $42.3M (+253% YoY).
- GAAP net loss $44.6M ($0.34 loss per share) vs $12.9M loss YoY; adjusted EBITDA $28.8M (+208%); margin 27%.
- Non-GAAP EPS $0.08 vs $0.03 YoY; operating cash flow $20.1M in Q1.
- Q2 guidance: revenue ex-TAC $123-127M, CTV ex-TAC $51-53M, adjusted EBITDA opex $83-85M.
- Full-year view: revenue ex-TAC >$500M, free cash flow >$100M, capex $40-45M.