Magnite Q1 revenue ex-TAC up 8% YoY; CTV segment grows 10%; net loss widens to $98.7M

MAGNITE, INC.

2023-Q1 EPS reported -$0.73 revenue$130,150,000

Total revenue $130.2M (+10% YoY); revenue ex-TAC $116.0M (+8% YoY).
CTV revenue ex-TAC $46.4M (+10% YoY), driven by programmatic shift.
Net loss $98.7M ($0.73 loss per share) vs. $44.6M loss in Q1 2022.
Adjusted EBITDA $23.3M (20% margin); non-GAAP EPS $0.04.
Q2 guidance: revenue ex-TAC $132-136M; CTV rev ex-TAC $56-58M.

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 March 31, 2023 results: revenue $130.2 million, net income Net loss of $98.7 million, EPS loss per share of $0.73. Guidance reaffirmed.

Period: the quarter ended March 31, 2023
Revenue: $130.2 million
Net income: Net loss of $98.7 million
EPS: loss per share of $0.73
Guidance: reaffirmed
Result: reported results

Exact text from the filing

the world's largest independent sell-side advertising company, today reported its results of operations for the quarter ended March 31, 2023. Q1 2023 Highlights: • Revenue of $130.2 million, up 10% year-over-year • Revenue ex-TAC (1) of $116.0 million, up 8% year-over-year • Revenue ex-TAC (1) attributable to CTV of $46.4 million, up 10% year-over-year • Net loss of

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Source: SEC EDGAR

accession 0001595974-23-000017

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