Sign in

    Magnite Inc (MGNI)

    You might also like

    Business Description

    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.

    Key Metrics

    View all financials →
    Revenue by Segment - in Millions of USDQ2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    CTV83.5282.172.5977.76976.290.85317.41372.55
    Mobile72.96232.553.9558.60459.872.29244.64358.46
    Desktop30.47105.122.7726.50726.030.84106.11424.76
    - Net Basis--121.09137.104142.0---
    - Gross Basis--28.2325.77620.0---
    Total Revenue186.92619.7149.32162.880162.0193.97668.170155.77
    Revenue by Geography - in Millions of USDQ2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    United States139.24462.17113.412123.363120.240141.43498.44116.784
    - International47.68157.5435.90739.51741.76352.54169.7338.987
    Total Revenue186.94619.71149.319162.880162.003193.97668.17155.771
    KPIs - Metric (Unit, Scale)Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Contribution ex-TAC for CTV (USD (thousands))-218,49454,89462,95364,389-260,15963,225
    Contribution ex-TAC for Mobile (USD (thousands))-226,82653,29957,71359,346-242,018-
    Contribution ex-TAC for Desktop (USD (thousands))-103,82722,36026,09725,693-104,76524,615
    Contribution ex-TAC (Total) (USD (thousands))-549,147130,553146,763149,428-606,942145,848

    Questions to Ask Management

    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?

    Share Repurchase Program

    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

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

    CompanyDescription

    Alphabet Inc

    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.

    Meta Platforms Inc

    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.

    Microsoft Corp

    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.

    Comcast Corp

    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.

    Amazon.com Inc

    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.

    Customer Concentration

    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 )

    Latest news

    Recent press releases and 8-K filings for MGNI.

    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
    8-K