MGNI Q1 2023 Earnings — Magnite, Inc. Revenue & Financial Results | Market Cap Arena

MGNIMagnite, Inc.

$2B

Q1 2023 Earnings

Communication Services Advertising Agencies

Income Statement

Revenue

$130M+10.2% YoY

Gross Profit

$5M4.1% margin

Operating Income

-$100M-77.2% margin

Net Income

-$99M-75.9% margin

EPS (Diluted)

$-0.73

QoQ Revenue Growth

-25.8%

Cash Flow

Operating Cash Flow

-$31M

Free Cash Flow

-$38M

Stock-Based Comp.

$19M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$1.7B

Stockholders' Equity

$705M

Cash & Equivalents

$237M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$130M	$118M	+10.2%
Gross Profit	$5M	$59M	-90.9%
Operating Income	-$100M	-$40M	-152.3%
Net Income	-$99M	-$45M	-121.4%

Geographic Segments

UNITED STATES

$97M75%

Non-US

$33M25%