secwatch.observer — SEC 8-K summary
======================================

Issuer:     MAGNITE, INC. (MGNI)
CIK:        0001595974
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001595974-24-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595974/000159597424000031/0001595974-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595974/000159597424000031/mgni-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001595974-24-000031

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