secwatch.observer — SEC 8-K summary
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Issuer:     MAGNITE, INC. (MGNI)
CIK:        0001595974
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001595974-23-000017
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595974/000159597423000017/0001595974-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595974/000159597423000017/mgni-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001595974-23-000017

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