Highest-materiality recent filing
Magnite Q2 beats: Contribution ex-TAC up 17% YoY; CTV up 36%; raises FY guidance
Revenue $192.8M (+11% YoY); Contribution ex-TAC $189.6M (+17%), above guidance of $177-181M.
Paul Caine, Doug Knopper, David Pearson elected as Class III directors with >97M votes each.
Magnite Q1 contribution ex-TAC up 10% to $160.9M; CTV surges 30%; raises FY margin and FCF guidance
Revenue $164.4M (+6% YoY); net income $4.4M ($0.03 diluted) vs loss of $9.6M in Q1 2025.
Magnite CFO David Day to retire by Sept 30, 2026; transition advisor role through May 2027
David Day to retire as CFO, serve until Sept 30, 2026, then as non-executive advisor through May 31, 2027.
Magnite CPO Adam Soroca to step down effective April 8, 2026; to serve as advisor through May 15
Adam Soroca ceases as Chief Product Officer effective April 8, 2026.
Magnite Q4 revenue $205.4M (+6% YoY); CTV contribution ex-TAC up 20% (32% ex-political)
Contribution ex-TAC of $195.1M (+8% YoY, +16% ex-political) at high end of $191-$196M guidance.
Magnite Q3 revenue $179.5M (+11% YoY); Contribution ex-TAC beats guidance; CTV up 18%
Revenue $179.5M (+11% YoY); Contribution ex-TAC $166.8M (+12%), above guidance $161-165M.
Magnite files antitrust lawsuit against Google over ad tech monopoly, citing April 2025 ruling
Lawsuit filed Sep 16, 2025 in E.D. Virginia seeking financial damages and other remedies.
Magnite expands office sublease with Zillow, adding 8th floor space
Entered First Amendment to Sublease with Zillow Group, effective November 1, 2025.
Magnite beats Q2 guidance; CTV grows 14% YoY; raises full-year margin expansion to 150 bps
Q2 revenue $173.3M (+6% YoY); Contribution ex-TAC $162M (+10% YoY), above guidance of $154-160M.
Magnite shareholders approve all three proposals at 2025 annual meeting
Elected Class II directors Barrett, Lam, Spillane with >100M for votes each.
Magnite Q1: rev +4%, Contr ex-TAC +12%, Adj EBITDA +47%; cautious Q2 guide, withdraws FY outlook
Revenue $155.8M (+4% YoY); Contribution ex-TAC $145.8M (+12% YoY); CTV Contribution ex-TAC $63.2M (+15%, above guidance).
Magnite reprices $363M term loan, cuts rate by 75 bps to SOFR+3.00%
Interest rate reduced by 75 bps to Term SOFR + 3.00% from prior SOFR + 3.75%.
Magnite Q4 revenue up 4% to $194M; CTV contribution ex-TAC up 23% to $77.9M, beating guidance
Q4 revenue $194.0M (+4% YoY); Contribution ex-TAC $180.2M (+9%).
Magnite appoints Sean Buckley as President, Revenue and Katie Evans as President, Operations
Appointed Sean Buckley as President, Revenue (effective Dec 11, 2024); previously CRO since Jan 2022.
Magnite Q3 revenue $162M (+8% YoY); CTV contribution ex-TAC +23%, raises full-year guidance
Revenue $162.0M (+8% YoY); Contribution ex-TAC $149.4M (+12%); Net income $5.2M vs loss $17.5M a year ago.
Magnite reprices $364M term loan, cuts rate 75 bps to SOFR+3.75%
Interest rate reduced by 75 basis points from SOFR+4.5% to SOFR+3.75%.
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.
Magnite stockholders elect three Class I directors and ratify auditor at annual meeting
Sarah P. Harden elected with 95.9M votes for (3.6M against); James Rossman 95.5M for; Diane Yu 98.0M for.
Magnite Q1 revenue up 15% to $149.3M; CTV contribution ex-TAC beats high end of guidance
Revenue $149.3M (+15% YoY); Contribution ex-TAC $130.6M (+12% YoY).
Q4 revenue $186.9M, up 7% YoY; Contribution ex-TAC $165.3M, up 6% (exceeded guidance of $158-162M).
Magnite closes $540M new credit facilities at lower margins; approves $125M buyback
$365M term loan (due 2031) and $175M revolver (due 2029) refinance existing $360M term loan and $65M revolver.
Magnite plans refinancing of $360M term loan and $65M revolver; bought back $70M convert notes in Q4
Magnite intends to replace $360M term loan (due 2028) and $65M revolver (due 2025) with new 7-year term loan and enlarged 5-year revolver.
Magnite Q3 revenue $150.1M (+3% YoY); CTV ad spend growth >20%
Revenue $150.1M (+3% YoY); Contribution ex-TAC $133.1M (+4%), above guidance. CTV ad spend >20%.
Revenue $152.5M (+11% YoY); Contribution ex-TAC $134.7M (+9% YoY).
Magnite stockholders elect directors and approve equity plan at 2023 annual meeting
Paul Caine, Doug Knopper, and David Pearson re-elected as Class III directors with ~96% votes cast in favor.
Magnite Q1 revenue ex-TAC up 8% YoY; CTV segment grows 10%; net loss widens to $98.7M
Total revenue $130.2M (+10% YoY); revenue ex-TAC $116.0M (+8% YoY).
Magnite reports record Q4 revenue $175.4M, CTV up 20%; guides Q1 revenue ex-TAC $109-113M
Q4 revenue $175.4M (+9% YoY); revenue ex-TAC $156.6M (+10% YoY).
Magnite reduces global workforce by 6% due to CTV integration and SpotX acquisition
Announced workforce reduction of approximately 6% globally on January 19, 2023.
Magnite Q3: revenue ex-TAC $127.7M (+12%), CTV +29%; Adj EBITDA $44.4M; Q4 guidance raised
Revenue ex-TAC $127.7M (+12% YoY); CTV ex-TAC $55.8M (+29% YoY) now 44% of total.
Magnite Q2 revenue up 20% to $138M; CTV revenue ex-TAC +52%; Adjusted EBITDA +30%
Revenue ex-TAC of $123.3M (+23% YoY); CTV revenue ex-TAC $52.1M (+52% YoY, +19% pro-forma).
Magnite CTO J. Allen Dove to depart effective Aug 31, 2022
Employment of CTO J. Allen Dove will terminate effective August 31, 2022.
Magnite shareholders elect three Class II directors and ratify Deloitte as auditor
Michael G. Barrett, Rachel Lam, Robert F. Spillane elected as Class II directors with over 81M votes each.
Magnite Q1 revenue ex-TAC up 79% to $107.1M; CTV grows 253% YoY; adjusted EBITDA up 208%
Revenue $118.1M (+94% YoY); revenue ex-TAC $107.1M (+79%); CTV ex-TAC $42.3M (+253% YoY).
Magnite appoints Dave Pearson and Diane Yu to board of directors
Dave Pearson, former CFO of Vonage and managing director at Deutsche Bank, joins board and Audit Committee.
Magnite Q4 revenue $161.3M (+97% YoY); CTV ex-TAC up 252%
GAAP net income $0.5M, diluted EPS $0.00; non-GAAP EPS $0.26, up 37% YoY.
Magnite announces $50M share repurchase program through December 2022
Board authorized up to $50 million in common stock repurchases over 12 months starting Dec 10, 2021.
Magnite Q3 revenue up 116% YoY to $131.9M; CTV revenue ex-TAC grows 51% pro forma
Revenue ex-TAC $114.1M, up 89% YoY (up 26% pro forma); CTV portion $43.1M, up 51% pro forma, 38% of total.
Magnite grants CEO Barrett 516k total equity units; PSUs tied to $60/$80/$100 stock price
CEO Michael Barrett received 136,939 RSUs vesting one-third annually on Aug 15, 2023-2025.
Magnite Q2 revenue $114.5M (+170% YoY); CTV ex-TAC $34.3M (+333%); guides Q3 ex-TAC $112-$116M
Revenue $114.5M, up 170% YoY; Revenue ex-TAC $100.4M, up 139% (79% pro forma).
Magnite completes SpotX acquisition for ~$1.2B; pro forma 2020 net loss $139M on $407M revenue
Total purchase price ~$1.2B: $640M cash + 12,374,315 shares of MGNI common stock.
Magnite appoints Brian Gephart as Chief Accounting Officer; extends credit facility by $12.5M
Brian Gephart appointed CAO effective June 28, 2021; previously CFO of Leaf Group.
Magnite acquires SpringServe for ~$31M to strengthen CTV ad serving
Purchase price of approx. $31M net of prior $2M investment; closed July 1, 2021.
On August 2, 2022, Magnite, Inc. announced that the employment of J. Allen Dove, the company's Chief Technology Officer, will terminate effective August 31, 2022.
Effective March 21, 2022, the Board of Directors (the “Board”) of Magnite, Inc. (the “Company”), upon the recommendation of its Nominating and Governance Committee, appointed David Pearson and Diane Yu as directors of the Company.
Effective March 21, 2022, the Board of Directors (the “Board”) of Magnite, Inc. (the “Company”), upon the recommendation of its Nominating and Governance Committee, appointed David Pearson and Diane Yu as directors of the Company.
On June 28, 2021, the Company appointed Brian Gephart as Chief Accounting Officer of the Company.
Max materiality 0.85 · Median 0.70 · Most common event earnings