Magnite, Inc.
18.64-1.25 (-6.28%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · MGNI · USD
Key Stats
Market Cap
2.65BP/E (TTM)
62.13Basic EPS (TTM)
0.30Dividend Yield
0%Recent Filings
8-K
Magnite sues Google over ad monopoly
Magnite filed a lawsuit against Google on September 16, 2025, in the U.S. District Court for the Eastern District of Virginia, seeking financial damages and remedies after a federal ruling exposed Google's anticompetitive monopoly in ad tech markets. The suit accuses Google of exclusionary tactics that stifled Magnite's growth and harmed the open-web ecosystem, where Google remains both a key partner and rival generating substantial revenue. Yet litigation risks loom large. Retaliatory moves could disrupt operations and slash income.
10-Q
Q2 FY2025 results
Magnite's Q2 revenue climbed 6% year-over-year to $173.3M, fueled by 6% CTV growth and 10% mobile gains, while desktop held steady; quarter-over-quarter, it rose 11% from Q1's $155.8M (derived). Operating income jumped 129% to $22.0M, with gross margin expanding to 62.5% from 61.5%, thanks to lower traffic acquisition costs as gross-basis deals dipped to 11% of total. Diluted EPS of $0.08 matched basic, backed by 148.3M shares, showing no major anti-dilution quirks. Cash at $426.0M supports $556.4M debt, including a $362.3M term loan at 7.33% maturing 2031 and $205.1M convertibles due 2026; free cash flow wasn't disclosed in the 10-Q. A March 2025 debt repricing saved on interest, yet foreign exchange losses widened the net income gap to operating by 55%, mainly from currency hits. Revenue skewed 76% U.S., 48% CTV. Buyers' supply path optimization squeezes independents like Magnite.
8-K
Magnite Q2 beats estimates
Magnite reported Q2 2025 revenue of $173.3 million, up 6% year-over-year, with contribution ex-TAC surging 10% to $162.0 million, beating guidance. CTV drove 14% growth to $71.5 million via new partnerships and live sports, while DV+ climbed 8% to $90.4 million for the 20th straight quarter. Adjusted EBITDA jumped 22% to $54.4 million at a 34% margin. Momentum builds for H2 acceleration, yet macro uncertainty lingers. Guidance holds strong.
8-K
Magnite elects directors, approves auditors
Magnite's stockholders, at the June 5, 2025 annual meeting, elected Michael G. Barrett, Rachel Lam, and Robert F. Spillane as Class II directors, each securing over 94% of votes cast. They ratified Deloitte & Touche LLP as independent auditors with near-unanimous support. Say-on-pay for executives passed with 84% approval. Continuity in governance strengthens board oversight.
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