Magnite (MGNI) Tops Q4 EPS by 5c, Revenues Beat

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Magnite Reports Fourth Quarter 2020 Results

February 24, 2021 4:05 PM EST

CTV Pro Forma Revenue Grows 53% Year over Year in Q4 2020

Company Posts Adjusted EBITDA Margin of 37% in Quarter

LOS ANGELES--(BUSINESS WIRE)-- Magnite (NASDAQ: MGNI), the largest independent sell-side advertising platform, today reported its results of operations for the fourth quarter and year ended December 31, 2020.

Recent Highlights

Revenue was $82.0 million for Q4 2020, up 69% from Q4 2019 on an as reported basis, and up 20% on a pro forma basis(1) CTV revenue for Q4 2020 was $15.3... More