Magnite Q2 revenue $162.9M (+7% YoY); CTV contribution ex-TAC beats guidance

MAGNITE, INC.

2024-Q2 EPS reported -$0.13 revenue$312,199,000

Revenue $162.9M (+7% YoY); contribution ex-TAC $146.8M (+9%), with CTV $63.0M (+12%) exceeding guidance.
Net loss narrowed to $1.1M ($0.01 loss per share) vs $73.9M loss year ago; adjusted EBITDA $44.7M (30% margin).
Non-GAAP EPS $0.14 vs $0.09 last year; operating cash flow $29.6M.
Q3 guidance: total contribution ex-TAC $146-150M; CTV growth 18-22% YoY.
Reaffirmed FY2024: contribution ex-TAC growth at least 10%, adjusted EBITDA margin expansion 100-150 bps.

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