MGNI Q1 2024 Earnings — Magnite, Inc. Revenue & Financial Results | Market Cap Arena

MGNIMagnite, Inc.

$2B

Q1 2024 Earnings

Communication Services Advertising Agencies

Income Statement

Revenue

$149M+14.7% YoY

Gross Profit

$83M55.9% margin

Operating Income

-$14M-9.3% margin

Net Income

-$18M-11.9% margin

EPS (Diluted)

$-0.13

QoQ Revenue Growth

-20.1%

Cash Flow

Operating Cash Flow

-$60M

Free Cash Flow

-$70M

Stock-Based Comp.

$21M

Balance Sheet

Total Assets

$2.5B

Total Liabilities

$1.8B

Stockholders' Equity

$695M

Cash & Equivalents

$253M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$149M	$130M	+14.7%
Gross Profit	$83M	$5M	+1467.4%
Operating Income	-$14M	-$100M	+86.2%
Net Income	-$18M	-$99M	+82.0%

Geographic Segments

UNITED STATES

$113M76%

Non-US

$36M24%