secwatch.observer — SEC 8-K summary
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Issuer:     MAGNITE, INC. (MGNI)
CIK:        0001595974
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001595974-22-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnite Q2 revenue up 20% to $138M; CTV revenue ex-TAC +52%; Adjusted EBITDA +30%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595974/000159597422000041/0001595974-22-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595974/000159597422000041/mgni-20220809.htm
  HTML page:      https://secwatch.observer/filing/0001595974-22-000041

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