MGNI Earnings Prediction
The chart below shows how MGNI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MGNI sees a +3.34% change in stock price 10 days leading up to the earnings, and a +8.76% change 10 days following the report. On the earnings day itself, the stock moves by -2.70%. This data can give you a slight idea of what to expect for the next quarter's release.
MGNI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
162.00M
7.94%
-0.54%
Gross Margin
61.39%
41.29%
-0.28%
Operating Margin
9.34%
178.55%
58.84%
Net Margin
3.22%
127.66%
-587.88%
EPS
0.04
130.77%
-500.00%
No Data Available
MGNI Earnings Analysis
Magnite, Inc. Common Stock Corporation (MGNI.O) Earnings Conference Call
Positive
Adjusted EBITDA Growth: Year-over-year growth rate for adjusted EBITDA increased by 26%, reaching $51 million with a margin of 34%.
Q3 Revenue Increase: Total revenue for Q3 was $162 million, up 8% from Q3 2023; contribution ex-TAC was $149 million, up 12%.
CTV Contribution Growth: CTV contribution ex-TAC was $64.4 million, up 23% year-over-year, exceeding guidance range.
DV+ Contribution Growth: DV+ contribution ex-TAC was $85 million, an increase from $81 million or 5% compared to the third quarter last year.
Net Income Improvement: Net income for the quarter was $5.2 million, compared to a net loss of $17.5 million for the third quarter of 2023.
Negative
Q3 Revenue Increase: Total revenue for Q3 was $162 million, up 8% from Q3 2023; contribution ex-TAC was $149 million, up 12%.
CTC Contribution Growth: CTC contribution ex-TAC was $64.4 million, up 23% year-over-year and again above the top end of our guidance range.
Operating Expenses Decrease: Total operating expenses, which include cost of revenue for the third quarter, were $147 million, a decrease from $168 million for the same period last year.
Net Income Improvement: Net income was $5.2 million for the quarter compared to a net loss for the third quarter of 2023 of $17.5 million.
Earnings Per Share Improvement: GAAP earnings for basic and diluted share was $0.04 for the third quarter of 2024, compared to a loss of $0.13 for the third quarter of 2023.
MGNI FAQs
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MGNI Earning Call Sentiment
Magnite, Inc. (MGNI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MGNI.O
-3.18%Positive
The earnings call summary reveals strong financial performance with a significant increase in revenue, net income, and EBITDA margin. The company has several strategic partnerships, including with Netflix and Disney, which are expected to drive growth. The Q&A section highlights management's confidence in reducing net leverage and leveraging AI for efficiency. The shareholder return plan is positive, with share repurchases reducing dilution. Despite some vague responses about partnerships, the overall sentiment is positive, with strong earnings and optimistic guidance likely to boost the stock price by 2% to 8%.
