Magnite, Inc. operates an independent sell-side advertising platform in the United States and internationally. The company's advertising platform enables publishers to monetize various screens and formats, including CTV, desktop display, video, audio, and mobile, as well as allows agencies and brands to access brand-safe ad inventory and execute advertising transactions. 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 Los Angeles, California.
IPO Year:
Exchange: NASDAQ
Website: magnite.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/5/2024 | $17.00 → $20.00 | Buy | Needham |
| 12/5/2024 | $22.00 | Sector Outperform | Scotiabank |
| 10/29/2024 | $13.00 | Equal Weight | Wells Fargo |
| 7/25/2024 | $21.00 | Buy | Lake Street |
| 7/16/2024 | $16.00 | Outperform | Wolfe Research |
| 5/24/2024 | $13.00 → $15.00 | Neutral → Buy | BofA Securities |
| 4/19/2024 | $14.50 | Buy | B. Riley Securities |
| 1/11/2024 | $11.00 | Neutral | BofA Securities |
| 8/16/2023 | $11.00 → $14.00 | In-line → Outperform | Evercore ISI |
| 4/13/2023 | $15.00 | Buy | B. Riley Securities |
4 - MAGNITE, INC. (0001595974) (Issuer)
4 - MAGNITE, INC. (0001595974) (Issuer)
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4 - MAGNITE, INC. (0001595974) (Issuer)
4 - MAGNITE, INC. (0001595974) (Issuer)
4 - MAGNITE, INC. (0001595974) (Issuer)
4 - MAGNITE, INC. (0001595974) (Issuer)
4 - MAGNITE, INC. (0001595974) (Issuer)
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Needham reiterated coverage of Magnite with a rating of Buy and set a new price target of $20.00 from $17.00 previously
Scotiabank initiated coverage of Magnite with a rating of Sector Outperform and set a new price target of $22.00
Wells Fargo initiated coverage of Magnite with a rating of Equal Weight and set a new price target of $13.00
Lake Street initiated coverage of Magnite with a rating of Buy and set a new price target of $21.00
Wolfe Research initiated coverage of Magnite with a rating of Outperform and set a new price target of $16.00
BofA Securities upgraded Magnite from Neutral to Buy and set a new price target of $15.00 from $13.00 previously
B. Riley Securities resumed coverage of Magnite with a rating of Buy and set a new price target of $14.50
BofA Securities initiated coverage of Magnite with a rating of Neutral and set a new price target of $11.00
Evercore ISI upgraded Magnite from In-line to Outperform and set a new price target of $14.00 from $11.00 previously
B. Riley Securities initiated coverage of Magnite with a rating of Buy and set a new price target of $15.00
Contribution ex-TAC(1) Grows 12% Year-Over-Year Contribution ex-TAC(1) from CTV Grows 15% Year-Over-Year Adjusted EBITDA(1) Grows 47% Year-Over-Year NEW YORK, May 07, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, today reported its results of operations for the quarter ended March 31, 2025. Q1 2025 Highlights: Revenue of $155.8 million, up 4% year-over-yearContribution ex-TAC(1) of $145.8 million, up 12% year-over-yearContribution ex-TAC(1) attributable to CTV of $63.2 million, up 15% year-over-year, exceeded guidance of $61.0 to $63.0 millionContribution ex-TAC(1) attributable to DV+ of $82.6 million, up 9% year-over year, exc
NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, will announce its financial results for the first quarter ended March 31, 2025 after the market close on Wednesday, May 7, 2025. The Company will host a conference call at 1:30 PM (PT) / 4:30 PM (ET) the same day to discuss its financial results and outlook. Live conference call Toll free number: (844) 875-6911 (for domestic callers)Direct dial number: (412) 902-6511 (for international callers)Passcode: Ask to join the Magnite conference callSimultaneous audio webcast: http://investor.magnite.com, under "Events and Presentations" Conference call replay Tol
Total Revenue up 4% & Contribution ex-TAC(1) up 9% in Fourth Quarter Contribution ex-TAC(1) from CTV Grows 23% in Fourth Quarter Adjusted EBITDA Margin(2) of 42% in Fourth Quarter NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising company, today reported its results of operations for the fourth quarter and year ended December 31, 2024. Recent Highlights: Revenue of $194.0 million for Q4 2024, up 4% from Q4 2023Contribution ex-TAC(1) of $180.2 million for Q4 2024, an increase of 9% from Q4 2023Contribution ex-TAC(1) attributable to CTV for Q4 2024 of $77.9 million, which exceeded guidance of $75 to $77 million, and
NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising company, will announce its financial results for the fourth quarter ended December 31, 2024 after the market close on Wednesday, February 26, 2025. The Company will host a conference call at 1:30 PM (PT) / 4:30 PM (ET) the same day to discuss its financial results and outlook. Live conference call Toll free number:(844) 875-6911 (for domestic callers)Direct dial number:(412) 902-6511 (for international callers)Passcode:Ask to join the Magnite conference callSimultaneous audio webcast:http://investor.magnite.com, under "Events and Presentations" Conference call replay Tol
Total Revenue Grows 8% & Contribution ex-TAC(1) Grows 12% Year-Over-Year Contribution ex-TAC(1) from CTV Grows 23% Year-Over-Year NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising company, today reported its results of operations for the quarter ended September 30, 2024. Q3 2024 Highlights: Supported Netflix's initial programmatic CTV ad launchRevenue of $162.0 million, up 8% year-over-yearContribution ex-TAC(1) of $149.4 million, up 12% year-over-yearContribution ex-TAC(1) attributable to CTV of $64.4 million, up 23% year-over-year, compared to guidance of $62.0 to $64.0 millionContribution ex-TAC(1) attrib
NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising company, will announce its financial results for the third quarter ended September 30, 2024 after the market close on Thursday, November 7, 2024. The Company will host a conference call at 1:30 PM (PT) / 4:30 PM (ET) the same day to discuss its financial results and outlook. Live conference call Toll free number:(844) 875-6911 (for domestic callers)Direct dial number:(412) 902-6511 (for international callers)Passcode:Ask to join the Magnite conference callSimultaneous audio webcast:http://investor.magnite.com, under "Events and Presentations" Conference call replay Toll
Total Revenue Grows 7% & Contribution ex-TAC(1) Grows 9% Year-Over-Year Contribution ex-TAC(1) from CTV Grows 12% Year-Over-Year NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising company, today reported its results of operations for the quarter ended June 30, 2024. Q2 2024 Highlights: Revenue of $162.9 million, up 7% year-over-yearContribution ex-TAC(1) of $146.8 million, up 9% year-over-yearContribution ex-TAC(1) attributable to CTV of $63.0 million, up 12% year-over-year, compared to guidance of $59.0 to $61.0 millionContribution ex-TAC(1) attributable to DV+ of $83.8 million, up 7% year-over year, compared to gui
NEW YORK, July 08, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising company, will announce its financial results for the second quarter ended June 30, 2024 after the market close on Wednesday, August 7, 2024. The Company will host a conference call at 1:30 PM (PT) / 4:30 PM (ET) the same day to discuss its financial results and outlook. Live conference call Toll free number: (844) 875-6911 (for domestic callers)Direct dial number: (412) 902-6511 (for international callers)Passcode: Ask to join the Magnite conference callSimultaneous audio webcast: http://investor.magnite.com, under "Events and Presentations" Conference call replay
Total Revenue Grows 15% & Contribution ex-TAC(1) Grows 12% Year-Over-Year Contribution ex-TAC(1) from CTV Grows 18% Year-Over-Year NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising company, today reported its results of operations for the quarter ended March 31, 2024. Q1 2024 Highlights: Revenue of $149.3 million, up 15% year-over-yearContribution ex-TAC(1) of $130.6 million, up 12% year-over-yearContribution ex-TAC(1) attributable to CTV of $54.9 million, up 18% year-over-year, compared to guidance of $49.0 to $51.0 millionContribution ex-TAC(1) attributable to DV+ of $75.7 million, up 9% year-over year, compared to
NEW YORK, April 08, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising company, will announce its financial results for the first quarter ended March 31, 2024 after the market close on Wednesday, May 8, 2024. The Company will host a conference call at 1:30 PM (PT) / 4:30 PM (ET) the same day to discuss its financial results and outlook. Live conference call Toll free number:(844) 875-6911 (for domestic callers)Direct dial number:(412) 902-6511 (for international callers)Passcode:Ask to join the Magnite conference callSimultaneous audio webcast:http://investor.magnite.com, under "Events and Presentations" Conference call replay Toll free
SYDNEY, Australia, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising company, has 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 pro
Opening of a Stockholm location will support further growth in the region STOCKHOLM, April 04, 2023 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, today announced the appointment of Natasha Westlund as the Head of Nordics and the opening of a new office in Stockholm, which will serve as the company's base across Sweden, Denmark, Norway, and Finland. As Head of Nordics, Natasha is the commercial lead across both seller and buyer teams building the company's business in the region. Natasha is based in the company's Stockholm office and reports to Magnite's SVP Head of EMEA Julie Selman. "We are investing resources to further support publis
NEW YORK, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising platform, today announced the appointment of David Buonasera as its Chief Technology Officer. Buonasera joined Magnite in 2021 when the company acquired SpringServe, the video ad serving platform he co-founded. Most recently, Buonasera has led Magnite's engineering efforts for CTV and served as a member of the company's Office of the CTO. In his new role, he will oversee Magnite's global technology organization, platforms, and infrastructure, reporting to its President and CEO, Michael Barrett. "David is a phenomenal leader and technologist," said Barrett. "For nearly t
Leon Siotis appointed as SpringServe's Head of International SpringServe records 140% growth in publisher revenue in international markets in first three quarters of 2021 LONDON, Dec. 01, 2021 (GLOBE NEWSWIRE) -- SpringServe, the leading independent ad serving platform, announced today the appointment of Leon Siotis as Head of International. Leon was formerly the President of EMEA at SpotX. In this role, Leon will spearhead SpringServe's efforts outside of the US, working to ensure global publishers have access to the right technology to keep pace with the acceleration in CTV and online video (OLV) ad spend growth. The news follows SpringServe's acquisition by Magnite (NASDAQ:MGNI), the
SEATTLE, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Porch Group, Inc. ("Porch" or "the Company") (NASDAQ:PRCH), a leading vertical software company reinventing home services, announced today that Rachel Lam and Maurice Tulloch have been appointed to its Board of Directors, effective August 12, 2021. Thomas Hennessy and Margaret Whelan, directors of the former special purpose acquisition corporation (SPAC) PropTech Acquisition Corporation (PTAC), simultaneously concluded their service on Porch's Board after helping guide Porch through a successful transition into the public markets. "With solid performance in the public markets thus far since our December 2020 de-SPAC transaction, we felt it was th
NEW YORK, April 08, 2021 (GLOBE NEWSWIRE) -- DoubleVerify ("DV"), a leading software platform for digital media measurement, data and analytics, today announced the appointment of Doug Campbell as Chief Strategy Officer. In his role, Campbell will be responsible for global strategy and corporate development. He will report to Mark Zagorski, CEO of DoubleVerify. “I’m excited to add Doug to our outstanding senior leadership team,” said Zagorski. "From Magnite to Nielsen, he has demonstrated a track record of success and achievement, and brings exceptional experience and knowledge to the Chief Strategy Officer role. I look forward to Doug’s leadership as we continue to build momentum, expan
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, today announced that members of its executive team will participate and host in-person investor meetings at the following financial conferences: 20th Annual Needham Technology, Media and Consumer Conference in New York City on Tuesday, May 13 – company management will participate in a fireside chat at 10:15 a.m. ET.B. Riley Securities 25th Annual Investor Conference in Marina del Rey on Wednesday, May 21, and Thursday, May 22.Craig-Hallum 22nd Annual Institutional Investor Conference in Minneapolis on Wednesday, May 28.Evercore ISI 4th Annual Nothing But Net Internet In
NEW YORK, May 8, 2025 /PRNewswire/ -- ITN, the leader in automated activation technology for local TV, and Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, today announced a breakthrough collaboration to modernize the execution of local TV advertising, enabling advertisers to transact live linear ads from local TV stations programmatically for the first time. The local TV advertising market is expected to reach $21 billion in the US this year. As advertiser demand for live local inventory rises, ITN and Magnite are making local TV supply easier to
Contribution ex-TAC(1) Grows 12% Year-Over-Year Contribution ex-TAC(1) from CTV Grows 15% Year-Over-Year Adjusted EBITDA(1) Grows 47% Year-Over-Year NEW YORK, May 07, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, today reported its results of operations for the quarter ended March 31, 2025. Q1 2025 Highlights: Revenue of $155.8 million, up 4% year-over-yearContribution ex-TAC(1) of $145.8 million, up 12% year-over-yearContribution ex-TAC(1) attributable to CTV of $63.2 million, up 15% year-over-year, exceeded guidance of $61.0 to $63.0 millionContribution ex-TAC(1) attributable to DV+ of $82.6 million, up 9% year-over year, exc
RESTON, Va., May 05, 2025 (GLOBE NEWSWIRE) -- Comscore (NASDAQ:SCOR), a global leader in measuring and analyzing consumer behaviors, today announced a new solution to address the inventory quality challenges facing advertisers. Comscore Certified Deal IDs, initially available through Magnite's (NASDAQ:MGNI) supply-side platform (SSP), leverage Comscore's trusted content measurement rankings to offer advertisers a reliable path to high-quality programmatic inventory, enabling more effective campaign performance. Comscore is activating Certified Deal IDs through Magnite due to the company's extensive direct relationships with premium media owners, covering 96% of overall omnichannel supply
NEW YORK, April 23, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, today unveiled the next generation of its SpringServe video platform, a CTV/OTT solution combining its award-winning 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 Benchm
NEW YORK, April 16, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, today announced an agreement with Western Union to support growth of the financial services company's new Media Network business. In doing so, Magnite will provide Western Union with technology to buy media as an advertiser and monetize its owned media. To further increase direct access to streaming inventory, Western Union Media Network is the first commerce media company to leverage Magnite's ClearLine solution. ClearLine puts clients in control of the ad buying process by allowing them to purchase premium streaming inventory directly from publishers, maximizing Wes
NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, will announce its financial results for the first quarter ended March 31, 2025 after the market close on Wednesday, May 7, 2025. The Company will host a conference call at 1:30 PM (PT) / 4:30 PM (ET) the same day to discuss its financial results and outlook. Live conference call Toll free number: (844) 875-6911 (for domestic callers)Direct dial number: (412) 902-6511 (for international callers)Passcode: Ask to join the Magnite conference callSimultaneous audio webcast: http://investor.magnite.com, under "Events and Presentations" Conference call replay Tol
NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, today announced an expanded global partnership with Samsung Ads, the advanced advertising division of Samsung Electronics. From 2023 to 2024, Samsung Ads saw double-digit percentage gross revenue growth on the Magnite Streaming SSP as a result of their successful collaboration. To bolster audience addressability in streaming, Samsung Ads will leverage the Magnite Access product to better manage behavioral audience data across Magnite platforms. Magnite Access helps media owners like Samsung Ads increase the volume of targeted impressions in Magnite's exchanges and dri
WASHINGTON, March 19, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, announced an expanded partnership with Cross Screen Media following a successful 2024 election cycle. The adoption of ClearLine, Magnite's self-service buying solution, helped Cross Screen Media bypass middlemen, put more spend toward working media, and drive incremental voter reach. In a 2024 statewide race, ClearLine was used in parallel with two DSPs and a linear TV schedule. Cross Screen Media's measurement solution found that over a two-week period in October, ClearLine drove 4% incremental reach beyond the other digital and TV components, and 8% incremental re
Reduces Interest Rate by an Additional 75 Basis Points Over $2.7 Million in Yearly Interest Payment Savings NEW YORK, March 18, 2025 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the world's largest independent sell-side advertising company, today announced the second successful repricing of its $363 million senior secured term loan facility (Term Loan) due February 2031. The repricing reduces the interest rate by 75 basis points to Term SOFR + 3.00% from the previous rate of Term SOFR + 3.75% and will result in yearly interest savings of over $2.7 million. The interest rate improvement represents a cumulative reduction of 200 basis points compared to the rate prior to the refinancing of t