Magnite, Inc.

NasdaqGS:MGNI Stock Report

Market Cap: US$2.3b

Magnite Past Earnings Performance

Past criteria checks 3/6

Magnite's earnings have been declining at an average annual rate of -25.6%, while the Media industry saw earnings growing at 5.1% annually. Revenues have been growing at an average rate of 28.4% per year. Magnite's return on equity is 2.4%, and it has net margins of 2.6%.

Key information

-25.6%

Earnings growth rate

-11.1%

EPS growth rate

Media Industry Growth13.2%
Revenue growth rate28.4%
Return on equity2.4%
Net Margin2.6%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Magnite: Capitalizing On CTV Tailwinds As The Leading SSP

Dec 23

An Intrinsic Calculation For Magnite, Inc. (NASDAQ:MGNI) Suggests It's 44% Undervalued

Dec 03
An Intrinsic Calculation For Magnite, Inc. (NASDAQ:MGNI) Suggests It's 44% Undervalued

Optimistic Investors Push Magnite, Inc. (NASDAQ:MGNI) Shares Up 29% But Growth Is Lacking

Nov 12
Optimistic Investors Push Magnite, Inc. (NASDAQ:MGNI) Shares Up 29% But Growth Is Lacking

Is Magnite (NASDAQ:MGNI) Using Too Much Debt?

Oct 24
Is Magnite (NASDAQ:MGNI) Using Too Much Debt?

Magnite: Draws In The Big Players, 9x FCF

Oct 07

Magnite, Inc.'s (NASDAQ:MGNI) Intrinsic Value Is Potentially 77% Above Its Share Price

Aug 27
Magnite, Inc.'s (NASDAQ:MGNI) Intrinsic Value Is Potentially 77% Above Its Share Price

Magnite: Strong Growth But Customer Concentration Is A Concern

Aug 15

Magnite: Netflix Relationship Alone Can More Than Double CTV Annual Profit Pool

Jul 31

We Think Magnite (NASDAQ:MGNI) Has A Fair Chunk Of Debt

Jul 15
We Think Magnite (NASDAQ:MGNI) Has A Fair Chunk Of Debt

Some Shareholders Feeling Restless Over Magnite, Inc.'s (NASDAQ:MGNI) P/S Ratio

Jun 18
Some Shareholders Feeling Restless Over Magnite, Inc.'s (NASDAQ:MGNI) P/S Ratio

Magnite: Netflix Opportunity Highlights Undervaluation

May 20

Magnite: Impact From The Disney Deal Is Not As Bad As It Sounds

Apr 04

Is Magnite (NASDAQ:MGNI) Using Too Much Debt?

Mar 22
Is Magnite (NASDAQ:MGNI) Using Too Much Debt?

Magnite: Cash Flows Now Matter

Mar 08

Revenues Not Telling The Story For Magnite, Inc. (NASDAQ:MGNI) After Shares Rise 29%

Mar 01
Revenues Not Telling The Story For Magnite, Inc. (NASDAQ:MGNI) After Shares Rise 29%

Magnite: Don't Overlook The Catalyst Of The Election Year

Jan 25

Pinning Down Magnite, Inc.'s (NASDAQ:MGNI) P/S Is Difficult Right Now

Jan 04
Pinning Down Magnite, Inc.'s (NASDAQ:MGNI) P/S Is Difficult Right Now

Is Magnite, Inc. (NASDAQ:MGNI) Trading At A 36% Discount?

Dec 14
Is Magnite, Inc. (NASDAQ:MGNI) Trading At A 36% Discount?

Would Magnite (NASDAQ:MGNI) Be Better Off With Less Debt?

Nov 03
Would Magnite (NASDAQ:MGNI) Be Better Off With Less Debt?

Is Magnite (NASDAQ:MGNI) Using Too Much Debt?

Jul 24
Is Magnite (NASDAQ:MGNI) Using Too Much Debt?

Shareholders Should Be Pleased With Magnite, Inc.'s (NASDAQ:MGNI) Price

Apr 18
Shareholders Should Be Pleased With Magnite, Inc.'s (NASDAQ:MGNI) Price

Is Magnite (NASDAQ:MGNI) Using Too Much Debt?

Jan 24
Is Magnite (NASDAQ:MGNI) Using Too Much Debt?

Magnite, Inc. (NASDAQ:MGNI) Shares Could Be 31% Below Their Intrinsic Value Estimate

Nov 11
Magnite, Inc. (NASDAQ:MGNI) Shares Could Be 31% Below Their Intrinsic Value Estimate

Fox collaborates with Magnite for monetization across OneFOX

Oct 19

We Think Magnite (NASDAQ:MGNI) Has A Fair Chunk Of Debt

Oct 19
We Think Magnite (NASDAQ:MGNI) Has A Fair Chunk Of Debt

Magnite, Group Black collaborate to help Black-owned media scale their offering

Sep 21

Magnite: Underwhelming Results, Decent Prospects

Aug 10

Would Magnite (NASDAQ:MGNI) Be Better Off With Less Debt?

Jul 12
Would Magnite (NASDAQ:MGNI) Be Better Off With Less Debt?

Magnite: Recession Risk Is Priced In

May 24

Mulling Over Magnite, Inc.

May 11

Revenue & Expenses Breakdown

How Magnite makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:MGNI Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 246611725896
30 Jun 24649-525399
31 Mar 24639-7825997
31 Dec 23620-15926394
30 Sep 23608-22627594
30 Jun 23604-23328595
31 Mar 23589-18428795
31 Dec 22577-13028194
30 Sep 22563-9328092
30 Jun 22549-9327988
31 Mar 22526-3226783
31 Dec 21468023574
30 Sep 21389520468
30 Jun 213181917060
31 Mar 21246-5714555
31 Dec 20222-5312952
30 Sep 20188-5811348
30 Jun 20165-539844
31 Mar 20160-238441
31 Dec 19156-258440
30 Sep 19149-298239
30 Jun 19141-378238
31 Mar 19132-478337
31 Dec 18125-628738
30 Sep 18115-839240
30 Jun 18120-1739842
31 Mar 18134-16710245
31 Dec 17156-15510748
30 Sep 17197-15211649
30 Jun 17227-4512850
31 Mar 17255-3614051
31 Dec 16278-1815251
30 Sep 163002415950
30 Jun 162981716249
31 Mar 16281816446
31 Dec 15248015242
30 Sep 15196-1913838
30 Jun 15164-2012332
31 Mar 15139-1810926
31 Dec 14125-2010123
30 Sep 14112-229020
30 Jun 1499-247719
31 Mar 1490-176319
31 Dec 1384-135419

Quality Earnings: MGNI has high quality earnings.

Growing Profit Margin: MGNI became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MGNI has become profitable over the past 5 years, growing earnings by -25.6% per year.

Accelerating Growth: MGNI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MGNI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (33.2%).

Return on Equity

High ROE: MGNI's Return on Equity (2.4%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 16:18
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Magnite, Inc. is covered by 27 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel KurnosBenchmark Company
Alexandra RossBerenberg
Murali SankarBoenning & Scattergood, Inc.