secwatch.observer — SEC 8-K summary
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Issuer:     MAGNITE, INC. (MGNI)
CIK:        0001595974
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001595974-24-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595974/000159597424000012/0001595974-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595974/000159597424000012/mgni-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001595974-24-000012

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