---
schema_version: "secwatch.filing_event.v1"
accession: "0001595974-24-000020"
form_type: "8-K"
ticker: "MGNI"
cik: "0001595974"
company_name: "MAGNITE, INC."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T10:07:54.151053+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001595974-24-000020
- form_type: 8-K
- ticker: MGNI
- cik: 0001595974
- company_name: MAGNITE, INC.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1595974/000159597424000020/0001595974-24-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1595974/000159597424000020/mgni-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001595974-24-000020
- JSON: https://secwatch.observer/filing/0001595974-24-000020.json
- Plain text: https://secwatch.observer/filing/0001595974-24-000020.txt

## Key facts
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1595974/000159597424000020/0001595974-24-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.