See more : Sulzer Ltd (SUN.SW) Income Statement Analysis – Financial Results
Complete financial analysis of Magnite, Inc. (MGNI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Magnite, Inc., a leading company in the Advertising Agencies industry within the Communication Services sector.
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Magnite, Inc. (MGNI)
About Magnite, Inc.
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 619.71M | 577.07M | 468.41M | 221.63M | 156.41M | 124.69M | 155.55M | 278.22M | 248.48M | 125.30M | 83.83M | 57.07M | 37.06M |
| Cost of Revenue | 409.91M | 307.17M | 201.66M | 77.75M | 57.39M | 60.00M | 56.84M | 73.25M | 58.50M | 20.75M | 15.36M | 12.37M | 12.89M |
| Gross Profit | 209.80M | 269.90M | 266.75M | 143.88M | 99.02M | 64.68M | 98.71M | 204.97M | 189.99M | 104.54M | 68.47M | 44.71M | 24.17M |
| Gross Profit Ratio | 33.86% | 46.77% | 56.95% | 64.92% | 63.31% | 51.88% | 63.46% | 73.67% | 76.46% | 83.44% | 81.68% | 78.33% | 65.21% |
| Research & Development | 94.32M | 93.76M | 74.45M | 51.55M | 40.27M | 37.86M | 47.50M | 51.18M | 42.06M | 22.72M | 18.62M | 13.12M | 12.50M |
| General & Administrative | 89.05M | 81.38M | 64.79M | 52.99M | 41.77M | 42.43M | 55.60M | 68.57M | 70.20M | 57.40M | 27.93M | 12.33M | 8.93M |
| Selling & Marketing | 173.98M | 200.08M | 170.41M | 76.03M | 44.57M | 44.56M | 51.79M | 83.33M | 83.33M | 43.20M | 25.81M | 20.46M | 17.75M |
| SG&A | 263.03M | 281.46M | 235.20M | 129.02M | 86.34M | 86.99M | 107.39M | 151.90M | 153.53M | 100.60M | 53.74M | 32.79M | 26.67M |
| Other Expenses | 0.00 | 5.32M | 4.45M | 3.67M | 285.00K | 766.00K | 688.00K | 554.00K | 0.00 | 0.00 | 0.00 | 0.00 | 503.00K |
| Operating Expenses | 357.35M | 375.22M | 309.64M | 180.56M | 126.61M | 124.85M | 154.89M | 203.08M | 195.59M | 123.32M | 72.35M | 45.90M | 39.17M |
| Cost & Expenses | 767.25M | 682.39M | 511.31M | 258.31M | 184.00M | 184.85M | 211.73M | 276.33M | 254.08M | 144.07M | 87.71M | 58.27M | 52.06M |
| Interest Income | 0.00 | 29.26M | 19.85M | 50.00K | 789.00K | 988.00K | 908.00K | 491.00K | 59.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 32.37M | 29.26M | 19.85M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 110.00K | 110.00K | 0.00 | 0.00 | 252.00K |
| Depreciation & Amortization | 240.82M | 216.05M | 146.54M | 48.46M | 31.92M | 35.34M | 36.23M | 42.76M | 31.01M | 12.52M | 8.44M | 6.86M | 5.54M |
| EBITDA | 115.64M | 109.72M | 71.40M | 12.57M | 6.58M | -26.13M | -30.75M | 44.66M | 25.41M | -6.26M | 4.56M | 5.66M | -9.47M |
| EBITDA Ratio | 18.66% | 20.11% | 30.04% | 14.59% | 3.21% | -17.47% | 52.72% | 25.34% | 9.66% | -5.31% | 11.22% | 11.12% | -24.14% |
| Operating Income | -155.01M | -100.00M | -6.20M | -16.91M | -27.10M | -63.61M | -156.98M | -24.90M | -5.60M | -18.78M | -3.88M | -1.20M | -15.00M |
| Operating Income Ratio | -25.01% | -17.33% | -1.32% | -7.63% | -17.33% | -51.01% | -100.92% | -8.95% | -2.25% | -14.99% | -4.63% | -2.10% | -40.49% |
| Total Other Income/Expenses | -2.54M | -22.81M | -13.92M | 1.50M | 593.00K | 2.14M | 431.00K | 1.98M | 1.46M | 277.00K | -5.12M | -1.03M | -269.00K |
| Income Before Tax | -157.55M | -135.60M | -94.99M | -52.74M | -26.99M | -61.47M | -156.55M | -22.91M | -4.14M | -18.50M | -9.00M | -2.23M | -15.27M |
| Income Before Tax Ratio | -25.42% | -23.50% | -20.28% | -23.80% | -17.26% | -49.30% | -100.64% | -8.24% | -1.67% | -14.77% | -10.74% | -3.90% | -41.21% |
| Income Tax Expense | 1.64M | -5.27M | -95.05M | 693.00K | -1.51M | 357.00K | -1.76M | -4.86M | -4.56M | 172.00K | 247.00K | 134.00K | 136.00K |
| Net Income | -159.18M | -130.32M | 65.00K | -53.43M | -25.48M | -61.82M | -154.78M | -18.05M | 422.00K | -18.67M | -9.25M | -2.36M | -15.41M |
| Net Income Ratio | -25.69% | -22.58% | 0.01% | -24.11% | -16.29% | -49.58% | -99.51% | -6.49% | 0.17% | -14.90% | -11.03% | -4.14% | -41.58% |
| EPS | -1.17 | -0.98 | 0.00 | -0.55 | -0.48 | -1.23 | -3.17 | -0.39 | 0.01 | -0.66 | -0.27 | -0.09 | -0.59 |
| EPS Diluted | -1.17 | -0.98 | 0.00 | -0.55 | -0.48 | -1.23 | -3.17 | -0.39 | 0.01 | -0.66 | -0.27 | -0.09 | -0.59 |
| Weighted Avg Shares Out | 136.62M | 132.89M | 126.29M | 96.70M | 52.61M | 50.26M | 48.87M | 46.29M | 39.66M | 28.22M | 34.72M | 25.90M | 25.90M |
| Weighted Avg Shares Out (Dil) | 136.62M | 132.89M | 136.26M | 96.70M | 52.61M | 50.26M | 48.87M | 46.66M | 44.50M | 28.22M | 34.72M | 25.90M | 25.90M |
Magnite: Adapting To Uncertain Terrain, Why I'm Neutral
Magnite, Inc.'s future seems uncertain due to its highly leveraged balance sheet. Challenges in the CTV sector, like a shift in the advertising landscape, worry me. I share analysts' skepticism about Magnite's 2024 prospects.
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Source: https://incomestatements.info
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