Magnite Q4 revenue $186.9M (+7% YoY), net income $30.9M vs loss; guides Q1 contribution ex-TAC $122-126M

MAGNITE, INC.

2023-FY EPS reported -$1.17 revenue$619,710,000

Q4 revenue $186.9M, up 7% YoY; Contribution ex-TAC $165.3M, up 6% (exceeded guidance of $158-162M).
Net income $30.9M ($0.16 diluted EPS) vs net loss of $36.4M in Q4 2022; Adjusted EBITDA $70.4M (43% margin).
CTV contribution ex-TAC $63.5M, down 2% YoY but above guidance; DV+ contribution ex-TAC $101.8M, up 11%.
Full-year 2023 Contribution ex-TAC $549.1M (+7% YoY); net loss $159.2M vs $130.3M loss; adjusted EBITDA $171.4M.
Guides Q1 2024 Contribution ex-TAC $122-126M (CTV $49-51M, DV+ $73-75M); full-year 2024 growth ~10% and margin expansion 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 0.95

MAGNITE, INC. reported fiscal quarter and year ended December 31, 2023 results: revenue $186.9 million, net income $30.9 million, EPS $0.16 per diluted share.

Period: fiscal quarter and year ended December 31, 2023
Revenue: $186.9 million
Net income: $30.9 million
EPS: $0.16 per diluted share
Result: reported results

Exact text from the filing

independent sell-side advertising company, today reported its results of operations for the fourth quarter and year ended December 31, 2023. Recent Highlights: • Revenue of $186.9 million for Q4 2023, up 7% from Q4 2022 • Contribution ex-TAC (1) of $165.3 million for Q4 2023, exceeded guidance of $158 to $162 million, and was up 6% from Q4 2022 • Contribution

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Source: SEC EDGAR

accession 0001595974-24-000012

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