---
schema_version: "secwatch.filing_event.v1"
accession: "0001595974-23-000029"
form_type: "8-K"
ticker: "MGNI"
cik: "0001595974"
company_name: "MAGNITE, INC."
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T22:14:43.450333+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Magnite Q2 revenue up 11% to $152.5M, but net loss widens to $73.9M; guides Q3 contribution ex-TAC $128-132M

## Summary
- Revenue $152.5M (+11% YoY); Contribution ex-TAC $134.7M (+9% YoY).
- Net loss $73.9M ($0.54 loss per share), compared to $25.0M loss ($0.19) in Q2 2022.
- Adjusted EBITDA $37.3M (28% margin), down from $41.3M; includes $4.5M bad debt from buyer bankruptcy.
- Repurchased $40.2M of convertible notes; over $90M or 23% retired to date.
- Q3 guidance: Contribution ex-TAC $128-132M; CTV $50-52M; FY free cash flow expected >$100M.

## SEC filing metadata
- accession: 0001595974-23-000029
- form_type: 8-K
- ticker: MGNI
- cik: 0001595974
- company_name: MAGNITE, INC.
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1595974/000159597423000029/0001595974-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1595974/000159597423000029/mgni-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001595974-23-000029
- JSON: https://secwatch.observer/filing/0001595974-23-000029.json
- Plain text: https://secwatch.observer/filing/0001595974-23-000029.txt

## Key facts
- Earnings Releases
  MAGNITE, INC. reported its fiscal quarter ended June 30, 2023 results: revenue $152.5 million, net income ($73.9 million), EPS ($0.54) per diluted share.
  - Period: its fiscal quarter ended June 30, 2023
  - Revenue: $152.5 million
  - Net income: ($73.9 million)
  - EPS: ($0.54) per diluted share
  - Result: reported results
  source text: the world's largest independent sell-side advertising company, today reported its results of operations for the quarter ended June 30, 2023. Q2 2023 Highlights: • Revenue of $152.5 million, up 11% year-over-year • Contribution ex-TAC (1) of $134.7 million, up 9% year-over-year • Contribution ex-TAC (1) attributable to CTV of $56.1 million, up 8% year-over-year •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1595974/000159597423000029/0001595974-23-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.