MGNI Q2 2023 Earnings — Magnite, Inc. Revenue & Financial Results | Market Cap Arena

MGNIMagnite, Inc.

$2B

Q2 2023 Earnings

Communication Services Advertising Agencies

Income Statement

Revenue

$153M+10.7% YoY

Gross Profit

$22M14.7% margin

Operating Income

-$72M-47.1% margin

Net Income

-$74M-48.4% margin

EPS (Diluted)

$-0.54

QoQ Revenue Growth

+17.2%

Cash Flow

Operating Cash Flow

$74M

Free Cash Flow

$66M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$1.8B

Stockholders' Equity

$653M

Cash & Equivalents

$266M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$153M	$138M	+10.7%
Gross Profit	$22M	$73M	-69.3%
Operating Income	-$72M	-$23M	-208.6%
Net Income	-$74M	-$25M	-196.1%

Geographic Segments

UNITED STATES

$114M75%

Non-US

$38M25%