Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 2 highly experienced directors. Independent Director Dave Pearson was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 29
Magnite Unveils New AI-Powered Intelligent Assistance And Agentic Execution Capabilities Magnite announced a major expansion of AI capabilities to enhance human decision-making for both media owners and buyers. Magnite is advancing the ad mediation technology within its SpringServe video platform to provide media owners with a more centralized view of monetization and greater control over how demand is activated and optimized. New AI-supported mediation features being added include anomaly detection to identify shifts in auction performance, demand path optimization to improve efficiency, and dynamic pricing tools that adjust to changing market conditions. Magnite is advancing agentic AI-driven tools, including a new buyer agent, to help the industry streamline activation, optimization and performance management. Kepler and MiQ are launching tests using the Magnite buyer agent, with access to inventory from Disney Advertising. Magnite is also working with Publicis Media Exchange (PMX) to drive innovation on behalf of marketers. Magnite’s approach to agentic innovation is centered on interoperability and optionality. In addition to developing its own buyer and seller agents, Magnite will continue to collaborate with partners that choose to utilize third-party agents to enable more flexible, connected workflows. By advancing mediation within SpringServe, publishers gain clearer visibility into performance, automate optimization, and make more confident decisions about their business. Magnite’s work with AI agents is streamlining how campaigns are executed and optimized. Together, these innovations reflect a broader vision to build a more connected, intelligent platform that improves outcomes for both buyers and sellers. Annonce • Apr 22
Magnite, Inc., Annual General Meeting, Jun 08, 2026 Magnite, Inc., Annual General Meeting, Jun 08, 2026. Annonce • Apr 21
Magnite, Inc. Announces Retirement of David Day as Chief Financial Officer, Effective September 30, 2026 Magnite, Inc. announced the retirement of David Day, Chief Financial Officer (CFO). Mr. Day is expected to serve as CFO through September 30, 2026 and then as a special advisor through May 31, 2027 to assist with an orderly transition. The Board of Directors has initiated a comprehensive search for a new CFO, which will include both external and internal candidates, and Mr. Day will actively participate in the process to find his successor. Mr. Day has been a cornerstone of Magnite’s leadership team, overseeing the company’s global financial operations, including planning, accounting, reporting, financial systems, tax, treasury, and investor relations. His tenure is marked by the pivotal 2020 merger between Rubicon Project and Telaria, and acquisition of SpotX and SpringServe, where he played a critical role in the financing, integration and the subsequent scaling of the unified Magnite brand. Prior to his role at Magnite, Mr. Day held executive roles at several high-growth technology companies including Overture Services, Yahoo! Search Marketing, Spot Runner and ReachLocal. Mr. Day began his career in public accounting with Arthur Andersen and PricewaterhouseCoopers, including an overseas assignment in Frankfurt, Germany. Annonce • Apr 07
Magnite, Inc. to Report Q1, 2026 Results on May 06, 2026 Magnite, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 06, 2026 Annonce • Feb 26
Magnite, Inc. (NasdaqGS:MGNI) announces an Equity Buyback for $200 million worth of its shares. Magnite, Inc. (NasdaqGS:MGNI) announces a share repurchase program. Under the program, the company will repurchase up to $200 million worth of its common stock. The program is valid till February 29, 2028. Annonce • Jan 23
Magnite, Inc. to Report Q4, 2025 Results on Feb 25, 2026 Magnite, Inc. announced that they will report Q4, 2025 results After-Market on Feb 25, 2026 Annonce • Nov 19
Magnite Introduced Live Scheduler Magnite introduces Live Scheduler, an industry-first offering. Live Scheduler helps media owners easily plan, activate, and measure ads around live events, from major sports matches to political debates, through a standardized framework that turns real-time moments into scalable opportunities. Media owners can use Live Scheduler within Magnite's SpringServe platform to create upcoming live event ad opportunities and share key details like event name, timing, sport, league, broadcaster, and concurrency estimates. This structure reduces fragmentation in live streaming and helps media owners maximize outcomes across live environments. Buyers and DSPs, including Amazon DSP, gain clearer visibility into upcoming live inventory, allowing them to plan and pace campaigns more precisely to reach engaged audiences when attention is highest. Magnite's proven live infrastructure has powered many of the world's key live streaming moments, from global sporting events to entertainment tentpoles, and helps top streaming media owners drive performance improvements through its Live Stream Acceleration (LSA) technology. The introduction of Live Scheduler builds on this foundation to meet the evolving needs of real-time streaming environments. Annonce • Oct 30
ITN and Magnite Empower Advertisers with Programmatic Access to Local Linear TV Through New Private Marketplace ITN and Magnite announced the launch of the industry's first LocalLinear TV Private Marketplace designed to close the programmatic gap for local broadcast. This new functionality allows buyers to replicate digital-like workflows seamlessly, offering: Self-service deal ID creation; Precision controls for geo targeting, daypart, affiliate, program, and genre; Auto-bidding for delivery management; Digital-like delivery dashboards. The result is a new level of flexibility, visibility, and automation for linear TV--while ensuring local stations retain full control of their inventory. Through this collaboration, local linear TV inventory is available through Magnite's ClearLine platform, where buyers can discover, package, and activate video ad campaigns. Within Magnite's ClearLine solution, buyers can now access local linear TV and digital video programmatically in one place. This advancement combines the scale, reach, and cultural impact of local broadcast with the efficiency, precision, and automation of digital execution, marking a major step toward the industry's long-held goal of fully independent local TV programmatic activation. Advertisers have access to a powerful suite of capabilities that bring linear and digital video together for maximum campaign impact. Buyers can now activate live local linear TV alongside streaming and digital video through real-time bidding and VAST workflows--enabling a truly converged media strategy; Stations gain streamlined workflows that enhance their ability to operate with the speed of national networks and digital platforms.id multiplier forecasting extends impression-based planning to one-to-many linear delivery, unlocking greater precision and efficiency in media activation. In parallel, ITN--long recognized as the gold standard in TV tracking and accountability-- has layered in advanced campaign management tools that give buyers digital-like control and transparency from start to finish. Future enhancements will include advanced capabilities for spot TV, direct-to-station access, more precision audience targeting, and specialized features for key verticals such as political advertising, further cementing linear TV's place in the modern programmatic landscape. Annonce • Oct 06
Magnite, Inc. to Report Q3, 2025 Results on Nov 05, 2025 Magnite, Inc. announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Annonce • Oct 01
Magnite, Inc. to Unify Curation and Activation Within Clearline Magnite, Inc. announced the evolution of ClearLine, to unify curation and activation across the company's premium omnichannel footprint. Coming soon in beta, the ClearLine update will enable buyers and curators to discover, package, and activate inventory in one platform with the most comprehensive access to differentiated supply, unique first-party data, and content signals. In addition, Magnite announced its plans to integrate AI assistance and agentic workflows into ClearLine, powered in part by technology from its recent acquisition of streamr.ai. Because ClearLine is built on the same underlying infrastructure as Magnite's SpringServe, its video platform with ad serving and programmatic capabilities, curated campaigns are executed closer to the impression. This enables higher data fidelity, reduced signal loss, and stronger return on ad spend. Buyers and curators using ClearLine can define deal terms, pricing, and targeting directly, with the additional flexibility to package deals using first and third-party audiences available through the company's data and audience solution, Magnite Access. Annonce • Aug 27
Magnite Rolls Out Pause Ads as Streaming Media Owners Embrace Next-Gen Ad Formats Magnite announced the expansion of its high-impact ad solutions with the introduction of Pause Ads across leading streaming providers including DIRECTV, DISH Media, and Fubo. The move builds on the momentum of Magnite's Home Screen and Tiles ad formats to meet the growing demand for ad experiences that drive better viewer engagement for buyers and increased value for publishers. Buyers and DSPs to leverage Pause Ads include KERV.ai, MNTN, and Yahoo DSP. Like Tiles and Home Screen Ads, Pause Ads offer contextually relevant and seamlessly integrated opportunities to engage with viewers, but extend that innovation to the content experience itself during natural breaks in viewing. These innovative ad placements are especially impactful in live viewing scenarios when audience attention is at its peak. Fully compatible with automated workflows such as Magnite's ClearLine and currently undergoing testing with third-party DSPs, Pause Ads help reduce operational complexity and enhance performance visibility, making it easier for brands to invest confidently in the future of CTV. Annonce • Jul 09
Magnite, Inc. to Report Q2, 2025 Results on Aug 06, 2025 Magnite, Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Annonce • Apr 23
Magnite Unveils Next Generation of Springserve, Combining Its Streaming Ad Server and SSP Magnite unveiled the next generation of its SpringServe video platform, a CTV/OTT solution combining its SpringServe ad server with the advanced programmatic capabilities of the Magnite Streaming SSP. Initial clients to include Disney Advertising, LG Ad Solutions, Paramount, Roku, Samsung, and Warner Bros. Discovery. Developed for the needs of the world's most advanced streaming clients, the unified platform streamlines buyers' connection to 99% of US streaming supply, a dollar-weighted figure verified by Jounce Media in their March 2025 Supply Path Benchmarking Report. For media owners, the platform will unlock powerful tools for streamlined workflows and smarter yield optimization. Annonce • Apr 18
Magnite, Inc., Annual General Meeting, Jun 05, 2025 Magnite, Inc., Annual General Meeting, Jun 05, 2025. Annonce • Apr 10
Magnite, Inc. to Report Q1, 2025 Results on May 07, 2025 Magnite, Inc. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Annonce • Jan 22
Magnite, Inc. to Report Q4, 2024 Results on Feb 26, 2025 Magnite, Inc. announced that they will report Q4, 2024 results During-Market on Feb 26, 2025 Annonce • Dec 12
Magnite, Inc. Announces Promotions to Management Team Magnite, Inc. announced the promotion of two key leaders, to further sharpen the company’s strategic focus, drive innovation, and accelerate its momentum in the market. Sean Buckley has been promoted to President, Revenue and Katie Evans has been promoted to President, Operations. Mr. Buckley and Ms. Evans will continue to report to CEO, Michael Barrett. Sean Buckley, has served as the company’s Chief Revenue Officer since 2022. Mr. Buckley joined Magnite following its acquisition of SpotX in May 2021, and has served as the company's Chief Revenue Officer since January 2022. He will continue to lead Magnite's global commercial organization, spearheading top-line growth and fostering new client opportunities. Before Magnite, Mr. Buckley spent eight years at SpotX in various capacities, including Chief Operating Officer and Chief Revenue Officer and led the company's strategic investment in SpringServe. He was instrumental in expanding the company’s platform business, providing media owners with a solution to holistically manage their programmatic video strategies. Katie Evans, has served as the company’s Chief Operating Officer since 2020. Ms. Evans joined Magnite following its acquisition of Telaria in April 2020, and has served as the company's Chief Operating Officer since September 2020. She will continue to oversee the company’s client success, sales operations, technical operations, and business intelligence teams. Ms. Evans is responsible for scaling the company’s global operations and works closely with the revenue, product, and engineering organizations to drive innovation and success for Magnite’s clients. Before Magnite, she was Chief Operating Officer at Telaria, where she was critical in aligning the company’s global strategy, roadmap, and processes. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$0.037 (vs US$0.13 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.037 (up from US$0.13 loss in 3Q 2023). Revenue: US$162.0m (up 7.9% from 3Q 2023). Net income: US$5.21m (up US$22.7m from 3Q 2023). Profit margin: 3.2% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 16% per year. Annonce • Oct 07
Magnite, Inc. to Report Q3, 2024 Results on Nov 07, 2024 Magnite, Inc. announced that they will report Q3, 2024 results After-Market on Nov 07, 2024 Reported Earnings • Aug 08
Second quarter 2024 earnings released: US$0.008 loss per share (vs US$0.54 loss in 2Q 2023) Second quarter 2024 results: US$0.008 loss per share (improved from US$0.54 loss in 2Q 2023). Revenue: US$162.9m (up 6.8% from 2Q 2023). Net loss: US$1.08m (loss narrowed 99% from 2Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Annonce • Aug 01
Magnite Launches Full AI-Driven Automation Within Demand Manager to Earn Incremental Revenue for Publishers Magnite introduced automated wrapper management within Demand Manager to help publishers grow revenue and increase efficiency. Built on Prebid technology, Demand Manager gives publishers the yield management tools, reporting insights, and data enrichment connections that align with publishers’ business strategies and goals. Using machine learning, the feature finds the optimal configurations in a publisher’s Prebid Wrapper per impression and has the potential to enhance billions of settings to improve performance. Ranker saw a 5% increase in spend after implementing the automated wrapper management feature. Annonce • Jul 09
Magnite, Inc. to Report Q2, 2024 Results on Aug 07, 2024 Magnite, Inc. announced that they will report Q2, 2024 results After-Market on Aug 07, 2024 Reported Earnings • May 09
First quarter 2024 earnings released: US$0.13 loss per share (vs US$0.73 loss in 1Q 2023) First quarter 2024 results: US$0.13 loss per share (improved from US$0.73 loss in 1Q 2023). Revenue: US$149.3m (up 15% from 1Q 2023). Net loss: US$17.8m (loss narrowed 82% from 1Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Media industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Annonce • Apr 28
Magnite, Inc., Annual General Meeting, Jun 12, 2024 Magnite, Inc., Annual General Meeting, Jun 12, 2024, at 12:00 US Eastern Standard Time. Agenda: To ratify the selection of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the current fiscal year; to approve, on an advisory basis, of the compensation of the company's named executive officers; to transact such other business as may properly come before the meeting or any postponements or adjournments thereof; to approve the Election of Directors; and to consider other matters if any. Annonce • Apr 09
Magnite, Inc. to Report Q1, 2024 Results on May 08, 2024 Magnite, Inc. announced that they will report Q1, 2024 results After-Market on May 08, 2024 New Risk • Mar 18
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$159m Forecast net loss in 2 years: US$2.2m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$2.2m net loss in 2 years). Share price has been volatile over the past 3 months (9.5% average weekly change). Shareholders have been diluted in the past year (3.6% increase in shares outstanding). Reported Earnings • Feb 29
Full year 2023 earnings released: US$1.17 loss per share (vs US$0.98 loss in FY 2022) Full year 2023 results: US$1.17 loss per share (further deteriorated from US$0.98 loss in FY 2022). Revenue: US$619.7m (up 7.4% from FY 2022). Net loss: US$159.2m (loss widened 22% from FY 2022). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Media industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. Annonce • Feb 07
Magnite, Inc. (NasdaqGS:MGNI) announces an Equity Buyback. Magnite, Inc. (NasdaqGS:MGNI) announces a share repurchase program. Under the program, the company will repurchase up to $125 million worth of its common stock or Convertible Senior Notes. The program is valid till February 6, 2026. Annonce • Jan 25
Magnite, Inc. to Report Q4, 2023 Results on Feb 28, 2024 Magnite, Inc. announced that they will report Q4, 2023 results After-Market on Feb 28, 2024 Reported Earnings • Nov 09
Third quarter 2023 earnings released: US$0.13 loss per share (vs US$0.18 loss in 3Q 2022) Third quarter 2023 results: US$0.13 loss per share (improved from US$0.18 loss in 3Q 2022). Revenue: US$150.1m (up 2.9% from 3Q 2022). Net loss: US$17.5m (loss narrowed 28% from 3Q 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Media industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Annonce • Oct 06
Magnite, Inc. to Report Q3, 2023 Results on Nov 08, 2023 Magnite, Inc. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 Annonce • Sep 01
Magnite Inks Deal with Mediaocean to Boost Access to Ctv for Local Linear Buyers Magnite announced a partnership with Mediaocean to provide direct access to streaming and CTV inventory for local linear buyers. Mediaocean's ad infrastructure serves as the industry's trusted plan-to-pay media management solution empowering agency teams to work more effectively with a centralized workflow across channels and buying methods. It normalizes processes through user security and permissions, seamlessly integrates with supply, technology and data partners, and includes a financial system to maintain a complete bill-pay process for client and vendor invoices. As part of the agreement, local buyers will be able to allocate localized spend to Magnite within Mediaocean and seamlessly execute these CTV buys with their existing planning tools, minimizing operational hurdles for linear buying teams. As the cord-cutting movement accelerates, Magnite is well-positioned to help local linear buyers evolve their buying strategies to accommodate this continued shift in viewing habits, helping to ensure they can reach their audiences across a wide range of demographics and maximize the effectiveness of their campaigns. Recent Insider Transactions • Aug 21
President recently sold €273k worth of stock On the 16th of August, Michael Barrett sold around 36k shares on-market at roughly €7.62 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michael has been a net seller over the last 12 months, reducing personal holdings by €520k. New Risk • Aug 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Significant insider selling over the past 3 months (€959k sold). Reported Earnings • Aug 10
Second quarter 2023 earnings released: US$0.54 loss per share (vs US$0.19 loss in 2Q 2022) Second quarter 2023 results: US$0.54 loss per share (further deteriorated from US$0.19 loss in 2Q 2022). Revenue: US$152.5m (up 11% from 2Q 2022). Net loss: US$73.9m (loss widened 196% from 2Q 2022). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Annonce • Aug 02
Magnite Appoints Yael Milbank as Managing Director, Australia and New Zealand Magnite announced that Yael Milbank has been appointed to the newly created role of Managing Director, Australia and New Zealand. Yael brings over 20 years of experience across both markets to the role, having most recently served as Magnite’s Managing Director, New Zealand. Prior to this, he held roles at TVNZ and TradeMe, managing key relationships with publishers and agencies. Yael is tasked with accelerating Magnite’s commercial growth in the ANZ market at a time when 90% of digital display and video dollars in the market are set to be transacted programmatically by 2026, according to MAGNA.He will report to Juliette Stead, SVP, Head of JAPAC, and will lead a team comprised of Maddy Mewing, Seller Lead, Adrian Isoldi, Buyer Lead and Nikola Small, Publisher Development Lead, DV+. Annonce • Jul 07
Magnite, Inc. to Report Q2, 2023 Results on Aug 09, 2023 Magnite, Inc. announced that they will report Q2, 2023 results After-Market on Aug 09, 2023 Annonce • Jun 16
Magnite Announces Introducing Magnite Access, an Omnichannel Audience, Data and Identity Suite Magnite introduced Magnite Access, a suite of omnichannel audience products that make it easier for display, online video, and streaming media owners–and their advertising partners–to maximize the value of their data assets. As the center of gravity for audience and identity shifts closer to the sell side, Magnite Access empowers publishers to manage, create, and transact audience segments in a variety of ways. The Magnite Access Suite includes: Magnite DMP: enables sellers to seamlessly create, segment and synchronize audiences to platforms of their choice. Magnite DMP helps publishers build audiences and understand the size and scale of segments for commercialization. Magnite Storefront: enables the activation of buyer and seller first-party data on the sell side and facilitates the buying and selling of third-party data–from discovery to activation–across all of Magnite’s platforms. Magnite Match: a cloud-based solution that allows sellers and buyers to establish a match between data sets while keeping user identity blind to all parties, including Magnite itself. Magnite Audiences: cross-publisher segments that Magnite packages to make it easier and more efficient for buyers to reach high value audiences at scale. This generates a potential new revenue stream for publishers with no additional operational overhead. Magnite DMP is available for clients using DV+, the company’s platform for display, OLV, and audio. Magnite Audiences, also for DV+, and Magnite Match and Storefront, for Magnite Streaming, are in beta and on track to reach wider availability before the end of 2023. Recent Insider Transactions • May 21
Chief Operating Officer recently sold €75k worth of stock On the 16th of May, Katie Evans sold around 7k shares on-market at roughly €10.02 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €805k. Katie has been a net seller over the last 12 months, reducing personal holdings by €879k. Reported Earnings • May 11
First quarter 2023 earnings released: US$0.73 loss per share (vs US$0.34 loss in 1Q 2022) First quarter 2023 results: US$0.73 loss per share (further deteriorated from US$0.34 loss in 1Q 2022). Revenue: US$130.2m (up 10% from 1Q 2022). Net loss: US$98.7m (loss widened 121% from 1Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Annonce • May 11
Magnite, Inc. Provides Financial Guidance for the Second Quarter and Full Year of 2023 Magnite, Inc. provided financial guidance for the second quarter and full year of 2023. Revenue ex-TAC for Second Quarter 2023 to be between $132 million and $136 million and Revenue ex-TAC attributable to CTV for Second Quarter 2023 to be between $56 million and $58 million.Expect revenue ex-TAC growth for full-year 2023 to be in the high single-digits. Recent Insider Transactions • Mar 05
Chief Operating Officer recently sold €805k worth of stock On the 1st of March, Katie Evans sold around 78k shares on-market at roughly €10.30 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Katie's only on-market trade for the last 12 months. Reported Earnings • Feb 25
Full year 2022 earnings released: US$0.98 loss per share (vs US$0.001 profit in FY 2021) Full year 2022 results: US$0.98 loss per share (down from US$0.001 profit in FY 2021). Revenue: US$577.1m (up 23% from FY 2021). Net loss: US$130.3m (down US$130.4m from profit in FY 2021). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Annonce • Feb 08
Magnite Announces Next Generation CTV and OTT Monetization Platform: Magnite Streaming Magnite announced Magnite Streaming, a singular supply-side platform that merges leading technology from the Magnite CTV and SpotX platforms. Magnite Streaming empowers media owners to maximize the value of their assets holistically across live and VOD inventory, CTV and OTT environments, and addressable linear, while gaining insights to more efficiently and effectively drive their businesses. Magnite’s CTV and OTT clients include AMC Networks, DISH Media, Disney Advertising, FOX Corporation, FuboTV, LG Ads Solutions, VIZIO, and Warner Bros. Discovery, among others. Magnite Streaming also provides advertisers with unparalleled access to CTV and OTT inventory, audience targeting capabilities and real-time reporting. The debut of Magnite Streaming coincides with the release of Magnite’s proprietary research study, “Streaming Continues To Surge: An In-Depth Look at How Ads Are Powering Streaming Growth.1” According to the research, streaming TV is the most watched form of TV. 81% of respondents said they watched streaming TV, compared to 48% and 30% who reported watching paid traditional TV and broadcast TV, respectively. The study also uncovered respondents are looking to lower their paid streaming subscriptions in favor of free or reduced-cost ad-supported streaming and 86% of streaming TV viewers reported watching some form of ad-supported content. Magnite Streaming unites sophisticated end-to-end features within one platform including: Comprehensive seller deal management capabilities to monetize all types of long-form video content.Inventory curation tools purpose-built for video such as advanced podding, frequency capping, and reserved/upfront inventory management. Multi-faceted audience activation features including seller defined audiences, third-party data integrations, and secure data matching. Responsive reporting and dashboards that provide real time alerts and insights. Innovative technology to help publishers optimize live inventory, including the award-winning Live Stream Acceleration (LSA) tool. Annonce • Jan 20
Magnite, Inc. to Report Q4, 2022 Results on Feb 22, 2023 Magnite, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 22, 2023 Buying Opportunity • Jan 19
Now 21% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be €10.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 3.4% in a year. Earnings is forecast to grow by 6.3% in the next year. Buying Opportunity • Dec 13
Now 23% undervalued Over the last 90 days, the stock is up 40%. The fair value is estimated to be €13.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 3.0% in a year. Earnings is forecast to decline by 4.4% in the next year. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Dave Pearson was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Third quarter 2022 earnings released: US$0.18 loss per share (vs US$0.18 loss in 3Q 2021) Third quarter 2022 results: US$0.18 loss per share. Revenue: US$145.8m (up 11% from 3Q 2021). Net loss: US$24.4m (flat on 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Media industry in Germany. Annonce • Nov 11
Edenbrook Capital, LLC Engages in Discussions with Magnite, Inc On November 10, 2022, Edenbrook Capital, LLC announced that it and its representatives have, from time to time, engaged in, and expect to continue to engage in, discussions with members of management and the board of directors of Magnite, Inc, other current or prospective shareholders, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, sources of credit and other third parties regarding a variety of matters relating to the Company, which may include, among other things, the Company's business, management, capital structure and allocation, corporate governance, Board composition and strategic alternatives and direction, and may take other steps seeking to bring about changes to increase shareholder value. Annonce • Nov 10
Magnite, Inc. Provides Financial Guidance for the Fourth Quarter and Full Year of 2022 Magnite, Inc. provided financial guidance for the fourth quarter and full year of 2022. Revenue ex-TAC for fourth quarter 2022 to be between $151 million and $157 million; revenue ex-TAC attributable to CTV for fourth quarter 2022 to be between $63 million and $65 million.Fourth quarter guidance implies revenue ex-TAC for full-year 2022 will exceed $510 million. Annonce • Oct 15
Magnite, Inc. to Report Q3, 2022 Results on Nov 09, 2022 Magnite, Inc. announced that they will report Q3, 2022 results After-Market on Nov 09, 2022 Reported Earnings • Aug 11
Second quarter 2022 earnings released: US$0.19 loss per share (vs US$0.29 profit in 2Q 2021) Second quarter 2022 results: US$0.19 loss per share (down from US$0.29 profit in 2Q 2021). Revenue: US$137.8m (up 20% from 2Q 2021). Net loss: US$25.0m (down 168% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 1.1%, compared to a 7.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annonce • Aug 05
Magnite, Inc. Announces Executive Changes, Effective August 31, 2022 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. In connection with his termination, Mr. Dove will receive the severance benefits set forth in his Executive Severance and Vesting Acceleration Agreement, dated May 24, 2021. Annonce • Jul 06
Magnite, Inc. to Report Q2, 2022 Results on Aug 09, 2022 Magnite, Inc. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Aug 09, 2022 Reported Earnings • May 06
First quarter 2022 earnings released: US$0.34 loss per share (vs US$0.11 loss in 1Q 2021) First quarter 2022 results: US$0.34 loss per share (down from US$0.11 loss in 1Q 2021). Revenue: US$118.1m (up 95% from 1Q 2021). Net loss: US$44.6m (loss widened 246% from 1Q 2021). Over the next year, revenue is forecast to grow 5.9%, compared to a 8.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Annonce • May 05
Magnite, Inc. Announces Impairment of Intangible Assets for the First Quarter Ended March 31, 2022 Magnite, Inc. announced Impairment of intangible assets of $3.3 million for the first quarter ended March 31, 2022. Board Change • Apr 27
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Director Dave Pearson was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 05
Magnite, Inc. to Report Q1, 2022 Results on May 04, 2022 Magnite, Inc. announced that they will report Q1, 2022 results After-Market on May 04, 2022 Annonce • Mar 02
Magnite, Inc. (NasdaqGS:MGNI) acquired assets of Carbon RMP. Magnite, Inc. (NasdaqGS:MGNI) acquired assets of Carbon RMP on February 28, 2022.
Magnite, Inc. (NasdaqGS:MGNI) completed the acquisition of assets of Carbon RMP on February 28, 2022. Annonce • Feb 24
Magnite, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2022 Magnite, Inc. provided earnings guidance for the first quarter and full year of 2022. For the quarter, the company expects Revenue ex-TAC for First Quarter 2022 to be between $105 and $109 million. Revenue ex-TAC attributable to CTV for First Quarter 2022 to be between $40 and $42 million.For the year, the company expects Revenue ex-TAC for full year 2022 to be well over $500 million. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.001 (up from US$0.55 loss in FY 2020). Revenue: US$468.4m (up 111% from FY 2020). Net income: US$65.0k (up US$53.5m from FY 2020). Profit margin: 0% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 15%, compared to a 7.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Annonce • Jan 07
Magnite, Inc. (NasdaqGS:MGNI) acquired Nth Party, Ltd. Magnite, Inc. (NasdaqGS:MGNI) acquired Nth Party, Ltd. on January 5, 2022. Under the terms of the deal, Nth Party’s team of 7 employees, including 5 engineers, will report to Magnite’s Vice President of Engineering Robert Lyons.
Magnite, Inc. (NasdaqGS:MGNI) completed the acquisition of Nth Party, Ltd. on January 5, 2022. Annonce • Dec 14
Magnite, Inc. (NasdaqGS:MGNI) announces an Equity Buyback for $50 million worth of its shares. Magnite, Inc. (NasdaqGS:MGNI) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of its common stock. The company intends to finance the share repurchase program through cash on hand. The program is valid till December 10, 2022. Reported Earnings • Nov 05
Third quarter 2021 earnings released: US$0.18 loss per share (vs US$0.095 loss in 3Q 2020) The company reported a decent third quarter result with improved revenues, although losses increased and control over costs was weaker. Third quarter 2021 results: Revenue: US$131.9m (up 116% from 3Q 2020). Net loss: US$24.3m (loss widened 131% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Jul 04
Chief Technology Officer Thomas Kershaw has left the company On the 1st of July, Thomas Kershaw's tenure as Chief Technology Officer ended after 4.8 years in the role. As of March 2021, Thomas still personally held 275.20k shares (€9.7m worth at the time). Thomas is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.25 years. Executive Departure • Jul 04
Chief Technology Officer Thomas Kershaw has left the company On the 1st of July, Thomas Kershaw's tenure as Chief Technology Officer ended after 4.8 years in the role. As of March 2021, Thomas still personally held 275.20k shares (€9.7m worth at the time). Thomas is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.25 years. Executive Departure • Jul 04
Chief Technology Officer Thomas Kershaw has left the company On the 1st of July, Thomas Kershaw's tenure as Chief Technology Officer ended after 4.8 years in the role. As of March 2021, Thomas still personally held 275.20k shares (€9.7m worth at the time). Thomas is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.25 years. Executive Departure • Jul 04
Chief Technology Officer Thomas Kershaw has left the company On the 1st of July, Thomas Kershaw's tenure as Chief Technology Officer ended after 4.8 years in the role. As of March 2021, Thomas still personally held 275.20k shares (€9.7m worth at the time). Thomas is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.25 years. Executive Departure • Jul 04
Chief Technology Officer Thomas Kershaw has left the company On the 1st of July, Thomas Kershaw's tenure as Chief Technology Officer ended after 4.8 years in the role. As of March 2021, Thomas still personally held 275.20k shares (€9.7m worth at the time). Thomas is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.25 years. Executive Departure • Jul 04
Chief Technology Officer Thomas Kershaw has left the company On the 1st of July, Thomas Kershaw's tenure as Chief Technology Officer ended after 4.8 years in the role. As of March 2021, Thomas still personally held 275.20k shares (€9.7m worth at the time). Thomas is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.25 years. Executive Departure • Jul 04
Chief Technology Officer Thomas Kershaw has left the company On the 1st of July, Thomas Kershaw's tenure as Chief Technology Officer ended after 4.8 years in the role. As of March 2021, Thomas still personally held 275.20k shares (€9.7m worth at the time). Thomas is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.25 years. Executive Departure • Jul 04
Chief Technology Officer Thomas Kershaw has left the company On the 1st of July, Thomas Kershaw's tenure as Chief Technology Officer ended after 4.8 years in the role. As of March 2021, Thomas still personally held 275.20k shares (€9.7m worth at the time). Thomas is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.25 years. Executive Departure • Jul 04
Chief Technology Officer Thomas Kershaw has left the company On the 1st of July, Thomas Kershaw's tenure as Chief Technology Officer ended after 4.8 years in the role. As of March 2021, Thomas still personally held 275.20k shares (€9.7m worth at the time). Thomas is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.25 years. Executive Departure • Jul 04
Chief Technology Officer Thomas Kershaw has left the company On the 1st of July, Thomas Kershaw's tenure as Chief Technology Officer ended after 4.8 years in the role. As of March 2021, Thomas still personally held 275.20k shares (€9.7m worth at the time). Thomas is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.25 years. Executive Departure • Jul 04
Chief Technology Officer Thomas Kershaw has left the company On the 1st of July, Thomas Kershaw's tenure as Chief Technology Officer ended after 4.8 years in the role. As of March 2021, Thomas still personally held 275.20k shares (€9.7m worth at the time). Thomas is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.25 years. Executive Departure • Jul 03
Chief Technology Officer Thomas Kershaw has left the company On the 1st of July, Thomas Kershaw's tenure as Chief Technology Officer ended after 4.8 years in the role. As of March 2021, Thomas still personally held 275.20k shares (€9.7m worth at the time). Thomas is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.25 years. Executive Departure • Jul 03
Chief Technology Officer Thomas Kershaw has left the company On the 1st of July, Thomas Kershaw's tenure as Chief Technology Officer ended after 4.8 years in the role. As of March 2021, Thomas still personally held 275.20k shares (€9.7m worth at the time). Thomas is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.25 years. Executive Departure • Jul 03
Chief Technology Officer Thomas Kershaw has left the company On the 1st of July, Thomas Kershaw's tenure as Chief Technology Officer ended after 4.8 years in the role. As of March 2021, Thomas still personally held 275.20k shares (€9.7m worth at the time). Thomas is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.25 years. Annonce • Jun 30
Magnite-Led Consortium Completes First Phase of Publisher First-Party Segments Initiative Magnite announced the completion of the first phase of a Publisher First-Party Segments Initiative which addresses the needs of buyers and sellers in a cookieless environment. The initiative already handles over three billion transactions daily and has over 30 participants, including media owners and members of the buying community. In response to the eventuality of third-party cookies no longer being a viable identity and targeting solution in the future, participating publishers are testing Publisher First-Party Segments to provide buyers with scalable audience targeting opportunities, while safeguarding user identity and browsing history. The first phase of this initiative focused on helping publishers define and assemble First-Party Segments using existing IAB Tech Lab industry standards, establish a testing framework, and execute real-time transactions against these seller-defined audiences without the use of third-party cookies. This month, the company moved this effort formally into Prebid.org where the project will expand under the guidance of the Prebid.org taxonomy task force and IAB Tech Lab’s Addressability working group. To further iterate and scale, the Publisher First-Party Segments Initiative is expected to adopt the IAB Tech Lab’s Seller-Defined Audience specification, which was incubated last year within IAB Tech Lab’s global Project Rearc initiative. The participants of this initiative include Adform, CafeMedia, Condé Nast, Future Publishing, Goodway Group, Havas, Hearst Magazines, IBM Watson Advertising, Insider, Maven, Meredith Corporation, Merkle|DWA, MiQ, News Corp, Permutive, Publishers Clearing House (PCH), PubMatic, among others. Reported Earnings • May 12
First quarter 2021 earnings released: US$0.11 loss per share (vs US$0.18 loss in 1Q 2020) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2021 results: Revenue: US$60.7m (up 67% from 1Q 2020). Net loss: US$12.9m (loss widened 33% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has increased by 132% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 26
Full year 2020 earnings released: US$0.55 loss per share (vs US$0.48 loss in FY 2019) The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$221.6m (up 42% from FY 2019). Net loss: US$53.4m (loss widened 110% from FY 2019). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has increased by 214% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue misses expectations Revenue missed analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 30%, compared to a 56% growth forecast for the Online Retail industry in Germany.