Aaron (for Shyam Patil)'s questions to Magnite Inc (MGNI) leadership • Q4 2024
Question
Aaron, on behalf of Shyam Patil, asked how the post-election volatility in DV+ compared to prior election cycles and requested that management highlight the top differentiators between Magnite's SSP and The Trade Desk's OpenPath.
Answer
CFO David Day stated the Q4 CPM drop was "dramatically different" from the 2020 and 2022 cycles, where CPMs did not fall. CEO Michael Barrett added that the typical post-election ad spend rebound was delayed until January. As key differentiators versus OpenPath, Barrett emphasized that Magnite provides access to global demand from all DSPs, not just one, and offers sophisticated yield management technology and data that publishers cannot replicate on their own, ensuring optimal monetization.