Magnite Q3 revenue $162M (+8% YoY); CTV contribution ex-TAC +23%, raises full-year guidance

MAGNITE, INC.

2024-Q3 EPS reported -$0.10 revenue$474,202,000

Revenue $162.0M (+8% YoY); Contribution ex-TAC $149.4M (+12%); Net income $5.2M vs loss $17.5M a year ago.
CTV Contribution ex-TAC $64.4M (+23% YoY) beat guidance of $62-64M; supported Netflix programmatic CTV launch.
Adjusted EBITDA $50.6M (34% margin) vs $40.3M (30%) YoY; non-GAAP EPS $0.17 vs $0.12.
Q4 2024 guidance: total Contribution ex-TAC $182-186M, CTV $75-77M (approx 20% YoY growth).
Raising FY2024 outlook: Contribution ex-TAC growth 11-12%, Adj. EBITDA margin expansion 150-200 bps, GAAP net income positive.

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