secwatch.observer — SEC 8-K summary
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Issuer:     MAGNITE, INC. (MGNI)
CIK:        0001595974
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001595974-22-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnite Q1 revenue ex-TAC up 79% to $107.1M; CTV grows 253% YoY; adjusted EBITDA up 208%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595974/000159597422000025/0001595974-22-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595974/000159597422000025/mgni-20220504.htm
  HTML page:      https://secwatch.observer/filing/0001595974-22-000025

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