secwatch.observer — SEC 8-K summary
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Issuer:     MAGNITE, INC. (MGNI)
CIK:        0001595974
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001595974-24-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595974/000159597424000039/0001595974-24-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595974/000159597424000039/mgni-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001595974-24-000039

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