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Magnite/$MGNI
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About Magnite
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.
Ticker
$MGNI
Sector
Communication Services
Trading on
Industry
Media
Headquarters
Employees
911
Website
Magnite Metrics
BasicAdvanced
$2.3B
Market cap
139.13
P/E ratio
$0.12
EPS
2.43
Beta
-
Dividend rate
Price and volume
Market cap
$2.3B
Beta
2.43
52-week high
$16.31
52-week low
$7.97
Average daily volume
2M
Financial strength
Current ratio
1.113
Quick ratio
1.097
Long term debt to equity
82.21
Total debt to equity
85.224
Interest coverage (TTM)
1.55%
Management effectiveness
Return on assets (TTM)
1.11%
Return on equity (TTM)
2.51%
Valuation
Price to earnings (TTM)
139.128
Price to revenue (TTM)
3.501
Price to book
3.22
Price to tangible book (TTM)
-7.6
Price to free cash flow (TTM)
14.753
Growth
Revenue change (TTM)
8.71%
Earnings per share change (TTM)
-107.11%
3-year revenue growth (CAGR)
19.33%
3-year earnings per share growth (CAGR)
37.98%
What the Analysts think about Magnite
Analyst Ratings
Analyst ratings (Buy, Hold, Sell) for Magnite stock.
Magnite Financial Performance
Income Statement
Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%
Magnite Earnings Performance
Earnings per share (EPS)
Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Magnite News
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Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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FAQs
What’s the current market cap for Magnite stock?
Magnite (MGNI) has a market cap of $2.3B as of November 23, 2024.
What is the P/E ratio for Magnite stock?
The price to earnings (P/E) ratio for Magnite (MGNI) stock is 139.13 as of November 23, 2024.
Does Magnite stock pay dividends?
No, Magnite (MGNI) stock does not pay dividends to its shareholders as of November 23, 2024.
When is the next Magnite dividend payment date?
Magnite (MGNI) stock does not pay dividends to its shareholders.
What is the beta indicator for Magnite?
Magnite (MGNI) has a beta rating of 2.43. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.