Magnite Q1 revenue up 15% to $149.3M; CTV contribution ex-TAC beats high end of guidance

MAGNITE, INC.

2024-Q1 EPS reported -$0.13 revenue$149,319,000

Revenue $149.3M (+15% YoY); Contribution ex-TAC $130.6M (+12% YoY).
CTV contribution ex-TAC $54.9M (+18% YoY), above guidance of $49-51M; DV+ $75.7M (+9%), above guidance.
Net loss narrowed to $17.8M ($0.13 loss per share) from $98.7M ($0.73) in Q1 2023; Adjusted EBITDA $25.0M (+7% YoY).
Q2 guidance: total contribution ex-TAC $142-146M, CTV $59-61M; full-year outlook raised to at least 10% growth.
Non-GAAP EPS $0.05 vs $0.04 YoY; operating cash flow $10.3M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MAGNITE, INC. reported fiscal quarter ended March 31, 2024 results: revenue $149.3 million, net income $17.8 million, EPS $0.13. Guidance raised.

Period: fiscal quarter ended March 31, 2024
Revenue: $149.3 million
Net income: $17.8 million
EPS: $0.13
Guidance: raised
Result: reported results

Exact text from the filing

the world's largest independent sell-side advertising company, today reported its results of operations for the quarter ended March 31, 2024. Q1 2024 Highlights: • Revenue of $149.3 million, up 15% year-over-year • Contribution ex-TAC (1) of $130.6 million, up 12% year-over-year • Contribution ex-TAC (1) attributable to CTV of $54.9 million, up 18% year-over-year,

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Source: SEC EDGAR

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