earnings
confidence high
sentiment positive
materiality 0.75
Magnite Q2 revenue up 20% to $138M; CTV revenue ex-TAC +52%; Adjusted EBITDA +30%
MAGNITE, INC.
2022-Q2 EPS reported
-$0.53
revenue$255,855,000
- Revenue ex-TAC of $123.3M (+23% YoY); CTV revenue ex-TAC $52.1M (+52% YoY, +19% pro-forma).
- Net loss of $25.0M ($0.19 loss per share) vs net income $36.8M ($0.29 basic EPS) in Q2 2021.
- Adjusted EBITDA $41.3M (+30% YoY); adjusted EBITDA margin 34% vs 32% a year ago.
- Q3 2022 guidance: revenue ex-TAC $122-126M, CTV revenue ex-TAC $52-54M, adjusted EBITDA opEx $85-87M.
- Full-year 2022: revenue ex-TAC >$500M, free cash flow >$100M, capex ~$45M.