secwatch.observer — SEC 8-K summary
======================================

Issuer:     MAGNITE, INC. (MGNI)
CIK:        0001595974
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001595974-23-000038
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595974/000159597423000038/0001595974-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595974/000159597423000038/mgni-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001595974-23-000038

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