Magnite Q3: revenue ex-TAC $127.7M (+12%), CTV +29%; Adj EBITDA $44.4M; Q4 guidance raised

MAGNITE, INC.

2022-Q3 EPS reported -$0.71 revenue$401,670,000

Revenue ex-TAC $127.7M (+12% YoY); CTV ex-TAC $55.8M (+29% YoY) now 44% of total.
Net loss $24.4M ($0.18 loss per share); Adjusted EBITDA $44.4M (+11% YoY, 35% margin).
Non-GAAP EPS $0.18 vs $0.14 in Q3 2021, up 29%.
Q4 guidance: revenue ex-TAC $151-157M; CTV ex-TAC $63-65M; FY22 rev ex-TAC >$510M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MAGNITE, INC. reported the quarter ended September 30, 2022 results: revenue $145.8 million, net income $24.4 million, EPS $0.18. Guidance initiated.

Period: the quarter ended September 30, 2022
Revenue: $145.8 million
Net income: $24.4 million
EPS: $0.18
Guidance: initiated
Result: reported results

Exact text from the filing

world's largest independent sell-side advertising platform, today reported its results of operations for the quarter ended September 30, 2022. Q3 2022 Highlights: • Revenue of $145.8 million, up 11% year-over-year • Revenue ex-TAC (1) of $127.7 million, up 12% year-over-year • Revenue ex-TAC (1) attributable to CTV of $55.8 million, up 29% year-over-year • Net loss

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Source: SEC EDGAR

accession 0001595974-22-000057

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