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    Magnite Inc (MGNI)

    Magnite, Inc. is a Delaware-based company that provides technology solutions to automate the purchase and sale of digital advertising inventory globally. It operates as the world's largest independent omni-channel sell-side advertising platform and the largest independent programmatic connected television marketplace. Magnite sells technology platforms that facilitate transactions across all channels, formats, and auction types, offering buyers and sellers a single partner for global advertising operations.

    1. Connected TV (CTV) - Facilitates programmatic advertising transactions in the connected television marketplace, providing tools for forecasting, customized ad experiences, and yield optimization.
    2. Mobile - Supports mobile advertising transactions, enabling advertisers to reach audiences on smartphones and tablets.
    3. Desktop - Manages and monetizes digital advertising inventory on desktop platforms, offering tools for workflow and yield management.

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    1. Given the recent Google antitrust ruling and your statement that every 100 basis point market share gain translates to roughly $50 million in contribution ex-TAC, how do you plan to accelerate market share shifts, especially if remedies are implemented only on a behavioral basis?
    2. With the integration of your next-generation SpringServe platform combining ad server and SSP functionalities, can you detail how this technology will continue to differentiate your offering in a commoditized market?
    3. In light of the price declines in CPMs due to increased CTV supply and macro pressures, what specific steps are you taking to protect your take rate and maintain margin expansion?
    4. Your Q1 guidance mentioned caution due to tariff-related economic uncertainty; can you provide more detail on how these external macro factors might impact advertiser budgets across key verticals like auto, retail, and travel?
    5. As you enhance your Gen AI-powered curation capabilities, what measures are in place to ensure that this technology not only improves efficiency in audience discovery but also drives incremental revenue and a higher flow-through to adjusted EBITDA?
    Program DetailsProgram 1
    Approval DateFebruary 1, 2024
    End Date/DurationThrough February 1, 2026
    Total Additional Amount$125.0 million
    Remaining Authorization$91.2 million (as of March 31, 2025)
    DetailsEnhancing shareholder value, strategic deployment, reduction of dilution, cash management

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    This company is a formidable competitor due to its large resources and direct user relationships, and it could become even more dominant as third-party cookie use decreases.

    This company is a formidable competitor due to its large resources and direct user relationships, and it could become even more dominant as third-party cookie use decreases.

    This company is a formidable competitor due to its large resources and direct user relationships, and it could become even more dominant as third-party cookie use decreases.

    This company is a formidable competitor due to its large resources and direct user relationships, and it could become even more dominant as third-party cookie use decreases.

    This company is a formidable competitor due to its large resources and direct user relationships, and it could become even more dominant as third-party cookie use decreases.

    CustomerRelationshipSegmentDetails

    Buyer #1

    Buyer of digital advertising inventory

    All

    46% of AR at 12/31/2024 ($552.0M ) and 48% of AR at 12/31/2023 ($564.6M )

    Buyer #2

    Buyer of digital advertising inventory

    All

    11% of AR at 12/31/2024 ($132.0M ) and 11% of AR at 12/31/2023 ($129.4M )

    Recent press releases and 8-K filings for MGNI.

    Magnite Partners with Paramount Australia for Programmatic Streaming Access
    $MGNI
    New Projects/Investments
    Revenue Acceleration/Inflection
    • Magnite has partnered with Paramount Australia to provide programmatic access to Paramount+'s premium streaming TV inventory in Australia, leveraging Magnite's SpringServe video platform.
    • This collaboration is expected to boost Magnite's revenue streams by tapping into the expanding Australian digital advertising market.
    • Magnite recently reported a 47% year-over-year increase in adjusted EBITDA to $37 million and an improved net loss of $10 million compared to $18 million in Q1 2024.
    • Analysts have an average price target of $22.51 for Magnite with an 'Outperform' consensus rating of 1.9 from 15 brokerage firms.
    Jul 14, 2025, 9:22 PM
    Magnite Completes Second Term Loan Repricing
    $MGNI
    Debt Issuance
    • Completed second term loan repricing for its $363 million senior secured facility due February 2031.
    • Reduced interest rate by 75 basis points to Term SOFR + 3.00%, achieving a cumulative rate reduction of 200 basis points since February 2024.
    • Expected annual interest savings exceed $2.7 million.
    Mar 18, 2025, 12:00 AM