MGNI Q2 2024 Earnings — Magnite, Inc. Revenue & Financial Results | Market Cap Arena

MGNIMagnite, Inc.

$2B

Q2 2024 Earnings

Communication Services Advertising Agencies

Income Statement

Revenue

$163M+6.8% YoY

Gross Profit

$100M61.6% margin

Operating Income

$10M5.9% margin

Net Income

-$1M-0.7% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

+9.1%

Cash Flow

Operating Cash Flow

$90M

Free Cash Flow

$80M

Stock-Based Comp.

$20M

Balance Sheet

Total Assets

$2.6B

Total Liabilities

$1.9B

Stockholders' Equity

$713M

Cash & Equivalents

$326M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$163M	$153M	+6.8%
Gross Profit	$100M	$22M	+348.3%
Operating Income	$10M	-$72M	+113.3%
Net Income	-$1M	-$74M	+98.5%

Geographic Segments

UNITED STATES

$123M76%

Non-US

$40M24%