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MGNI

Magnite Inc.

Logo Magnite Inc.

Technology

Computer Software: Programming Data Processing

Nasdaq

as 04-12-2024 4:00pm EST

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Magnite is one of the largest supply-side platform providers, or SSP, in online advertising. The firm was previously named The Rubicon Project (an online ad exchange) and became Magnite after merging with Telaria (an SSP focused mainly on streaming video providers) in 2020. The firm also purchased another of the leading SSPs within the CTV market, SpotX, in 2021 for $1.2 billion, cementing its long-term focus on grabbing market share in this area. The firm generates nearly 45% of its revenue from the programmatic sale of CTV ad inventory, 35% from mobile online sites and apps, and the remaining from websites accessed via computer.

Founded: N/A Country:
United States
United States
Employees: N/A City: NEW YORK
Market Cap: 1.4B IPO Year: N/A
Target Price: $14.65 AVG Volume (30 days): 1.2M
Analyst Decision: Strong Buy Number of Analysts: 10
Dividend Yield: N/A Dividend Payout Frequency: N/A
EPS: -1.17 EPS Growth: N/A
52 Week Low/High: $6.28 - $15.73 Next Earning Date: 05-08-2024
Revenue: $619,710,000 Revenue Growth: 7.39%
Revenue Growth (this year): -0.79% Revenue Growth (next year): 10.21%

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