secwatch.observer — SEC 8-K summary
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Issuer:     MAGNITE, INC. (MGNI)
CIK:        0001595974
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001595974-24-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595974/000159597424000020/0001595974-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595974/000159597424000020/mgni-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001595974-24-000020

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