Magnite Q3 revenue $150.1M (+3% YoY); CTV ad spend growth >20%

MAGNITE, INC.

2023-Q3 EPS reported -$1.40 revenue$432,778,000

Revenue $150.1M (+3% YoY); Contribution ex-TAC $133.1M (+4%), above guidance. CTV ad spend >20%.
Net loss improved to $17.5M ($0.13 loss/sh) from $24.4M; Non-GAAP EPS $0.12 vs $0.18.
Repurchased $34.5M convertible notes in Q3; total $125M (31% of notes) retired.
Q4 Contribution ex-TAC guidance $158-162M; FY2024 sees high single-digit growth and EBITDA margin expansion 50-100bps.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MAGNITE, INC. reported fiscal quarter ended September 30, 2023 results: revenue $150.1 million, net income $17.5 million, EPS $0.13.

Period: fiscal quarter ended September 30, 2023
Revenue: $150.1 million
Net income: $17.5 million
EPS: $0.13
Result: reported results

Exact text from the filing

world's largest independent sell-side advertising company, today reported its results of operations for the quarter ended September 30, 2023. Q3 2023 Highlights: • Revenue of $150.1 million, up 3% year-over-year • Contribution ex-TAC (1) of $133.1 million, up 4% year-over-year • Contribution ex-TAC (1) attributable to CTV of $52.5 million, down 6% year-over-year,

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Source: SEC EDGAR

accession 0001595974-23-000038

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