MGNI Stock - Magnite, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $668.17M | $619.71M | $577.07M | $468.41M | $221.63M |
| Gross Profit | $409.33M | $209.80M | $269.90M | $266.75M | $143.88M |
| Gross Margin | 61.3% | 33.9% | 46.8% | 56.9% | 64.9% |
| Operating Income | $51.09M | $-155,009,000 | $-112,784,000 | $-81,070,000 | $-54,234,000 |
| Net Income | $22.79M | $-159,184,000 | $-130,323,000 | $65,000 | $-53,432,000 |
| Net Margin | 3.4% | -25.7% | -22.6% | 0.0% | -24.1% |
| EPS | $0.16 | $-1.17 | $-0.98 | $0.00 | $-0.55 |
Magnite, Inc. operates an independent sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties, to manage and monetize their inventory; and provides applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory. It markets its technology solutions to buyers and sellers through a sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| May 12th 2025 | Needham | Reiterated | Buy | $18← $14 |
| December 5th 2024 | Needham | Reiterated | Buy | $20← $17 |
| December 5th 2024 | Scotiabank | Initiation | Sector Outperform | $22 |
| October 29th 2024 | Wells Fargo | Initiation | Equal Weight | $13 |
| July 25th 2024 | Lake Street | Initiation | Buy | $21 |
| July 16th 2024 | Wolfe Research | Initiation | Outperform | $16 |
| May 24th 2024 | BofA Securities | Upgrade | Buy | $15← $13 |
| April 19th 2024 | B. Riley Securities | Resumed | Buy | $14.5 |
| January 11th 2024 | BofA Securities | Initiation | Neutral | $11 |
| August 16th 2023 | Evercore ISI | Upgrade | Outperform | $14← $11 |
| April 13th 2023 | B. Riley Securities | Initiation | Buy | $15 |
| July 14th 2022 | The Benchmark Company | Initiation | Buy | $18 |
Earnings History & Surprises
MGNIEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 5, 2026 | — | — | — | — |
Q1 2026 | Feb 25, 2026 | $0.35 | — | — | — |
Q4 2025 | Nov 5, 2025 | $0.20 | $0.20 | 0.0% | = MET |
Q3 2025 | Aug 6, 2025 | $0.17 | $0.20 | +17.6% | ✓ BEAT |
Q2 2025 | May 7, 2025 | $0.06 | $0.12 | +100.0% | ✓ BEAT |
Q1 2025 | Feb 26, 2025 | $0.39 | $0.34 | -12.8% | ✗ MISS |
Q4 2024 | Nov 7, 2024 | $0.16 | $0.17 | +6.3% | ✓ BEAT |
Q3 2024 | Aug 7, 2024 | $0.14 | $0.14 | 0.0% | = MET |
Q2 2024 | May 8, 2024 | $0.00 | $0.05 | +11527.9% | ✓ BEAT |
Q1 2024 | Feb 28, 2024 | $0.15 | $0.16 | +3.3% | ✓ BEAT |
Q4 2023 | Nov 8, 2023 | $0.08 | $0.12 | +50.0% | ✓ BEAT |
Q3 2023 | Aug 9, 2023 | $0.12 | $0.09 | -25.0% | ✗ MISS |
Q2 2023 | May 10, 2023 | $-0.22 | $0.04 | +118.2% | ✓ BEAT |
Q1 2023 | Feb 22, 2023 | $0.35 | $0.24 | -31.4% | ✗ MISS |
Q4 2022 | Nov 9, 2022 | $0.17 | $0.18 | +5.9% | ✓ BEAT |
Q3 2022 | Aug 9, 2022 | $0.18 | $0.14 | -22.2% | ✗ MISS |
Q2 2022 | May 4, 2022 | $0.07 | $0.08 | +14.3% | ✓ BEAT |
Q1 2022 | Feb 23, 2022 | $0.31 | $0.26 | -16.1% | ✗ MISS |
Q4 2021 | Nov 3, 2021 | $0.15 | $0.14 | -6.7% | ✗ MISS |
Q3 2021 | Aug 5, 2021 | $0.11 | $0.11 | 0.0% | = MET |
Latest News
Wells Fargo Maintains Equal-Weight on Magnite, Lowers Price Target to $20
➖ NeutralRosenblatt Maintains Buy on Magnite, Maintains $39 Price Target
📈 PositiveMagnite shares are trading lower after the company reported Q3 financial results and issued Q4 sales guidance below estimates.
📉 NegativeMagnite Affirms FY2025 Sales Guidance of $667.590M vs $668.742M Est
➖ NeutralMagnite Sees Q4 Sales $191.000M-$196.000M vs $197.656M Est
📉 NegativeMagnite Q3 Adj. EPS $0.20, Inline, Sales $179.494M Beat $163.256M Estimate
📈 PositiveMagnite And DNPA Launch Shared Data Infrastructure Empowering Indian Publishers To Activate First- And Third-Party Audiences
📈 PositiveMagnite shares are trading lower after Wells Fargo maintained an Equal-Weight rating on the stock and lowered its price target from $24 to $22.
📉 NegativeWells Fargo Maintains Equal-Weight on Magnite, Lowers Price Target to $22
📉 NegativeRosenblatt Maintains Buy on Magnite, Maintains $39 Price Target
📈 PositiveRosenblatt Maintains Buy on Magnite, Maintains $39 Price Target
📈 PositiveMagnite Sues Google Seeking Financial Damages, Other Remedies For Alleged Unlawful Monopoly In Ad Tech
📉 NegativeMagnite Non-GAAP EPS of $0.12 beats by $0.06, revenue of $155.77M beats by $13.27M
📈 PositiveFrequently Asked Questions about MGNI
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