NASDAQ$MGNI
Magnite Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported strong growth across all channels and closed two strategic acquisitions, SpotX and SpringServe.
Magnite reported Q2 2021 results, which include two months of SpotX's performance. Revenue reached $114.5 million, up 170% year-over-year, and net income was $36.8 million, a significant improvement from the previous year's net loss. The company also provided expectations for Q3 2021.
- Revenue of $114.5 million for Q2 2021, up 170% from Q2 2020.
- Revenue ex-TAC of $100.4 million for Q2 2021, up 139% from Q2 2020 and up 79% on a pro-forma basis.
- Net income of $36.8 million in Q2 2021, for diluted earnings per share of $0.26, compared to net loss of $39.1 million, for a loss per share of $0.36 in Q2 of 2020.
- Adjusted EBITDA of $31.8 million in Q2 2021 representing a margin of 32%, as compared to Adjusted EBITDA loss of $3.5 million in Q2 of 2020.
Headline financials
Revenue & EPS history
Magnite · Revenue · Quarterly
$115M
Revenue by segment
Magnite · $100M total across 3 segments · Q2 2021
- Mobile$38.8M+102.5%38.6%
- CTV$34.3M+332.7%34.1%
- Desktop$27.4M+79.3%27.3%
Forward guidance
Magnite expects Revenue ex-TAC for Q3 2021 to be between $112 million and $116 million and Revenue ex-TAC attributable to CTV for Q3 2021 to be between $41 million and $45 million, representing growth of approximately 50% year over year on a pro forma basis. Adjusted EBITDA operating expenses to be between $77 and $79 million for Q3 2021. Total capital expenditures for the second half of 2021 to be approximately $16 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
-0.2%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+3.8%
Avg return
30 days after
45%
22 / 49 earnings
Positive
+53.9%
Q3 2022
Best reaction
-43.6%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.5% | -1.8% | +7.8% | |
| Q4 2025 | +12.6% | +15.0% | -2.7% | |
| Q3 2025 | -12.8% | -13.6% | -14.3% | |
| Q1 2025 | +19.5% | +31.2% | +41.6% | |
| Q4 2024 | -1.8% | -13.1% | -31.2% | |
| Q3 2024 | +3.1% | +23.5% | +36.4% | |
| Q2 2024 | -2.1% | -5.1% | +0.7% | |
| Q1 2024 | -2.0% | -3.0% | +37.3% | |
| Q4 2023 | +4.3% | +2.3% | -6.7% | |
| Q3 2023 | +1.6% | -3.5% | +17.3% | |
| Q2 2023 | -43.6% | -39.5% | -43.3% | |
| Q1 2023 | +35.3% | +31.5% | +53.0% | |
| Q4 2022 | -16.2% | -14.9% | -32.2% | |
| Q3 2022 | +53.9% | +69.5% | +78.5% | |
| Q2 2022 | -2.3% | +4.0% | -20.3% | |
| Q1 2022 | +8.2% | -9.9% | +7.3% | |
| Q4 2021 | +14.7% | +24.5% | +14.3% | |
| Q3 2021 | -14.3% | -9.8% | -36.8% | |
| Q2 2021 | +14.2% | +10.7% | +6.4% | |
| Q1 2021 | -23.0% | -30.3% | -5.5% | |
| Q4 2020 | -8.2% | -1.0% | -22.4% | |
| Q3 2020 | -10.3% | -6.9% | +63.5% | |
| Q2 2020 | +8.9% | +6.0% | -10.0% | |
| Q1 2020 | -9.3% | -28.7% | +23.2% | |
| Q4 2019 | -8.3% | -5.2% | -48.5% | |
| Q3 2019 | -9.7% | -12.1% | -11.0% | |
| Q2 2019 | +33.8% | +27.5% | +32.5% | |
| Q1 2019 | +2.1% | +1.2% | +5.1% | |
| Q4 2018 | +13.1% | +16.8% | +17.1% | |
| Q3 2018 | +25.3% | +31.3% | +18.4% | |
| Q2 2018 | +13.9% | +16.7% | +38.2% | |
| Q1 2018 | -5.6% | +5.6% | +21.1% | |
| Q4 2017 | +16.3% | +15.7% | +26.2% | |
| Q3 2017 | -42.3% | -42.9% | -49.3% | |
| Q2 2017 | -18.0% | -16.6% | -18.4% | |
| Q1 2017 | -1.1% | -3.2% | +0.4% | |
| Q4 2016 | -31.3% | -33.6% | -35.3% | |
| Q3 2016 | -13.9% | -10.7% | -0.1% | |
| Q2 2016 | +0.1% | -1.8% | -10.7% | |
| Q1 2016 | +1.1% | — | — | |
| Q4 2015 | +4.1% | — | — | |
| Q3 2015 | +7.2% | — | — | |
| Q2 2015 | -4.3% | — | — | |
| Q1 2015 | -3.1% | — | — | |
| Q4 2014 | -0.1% | — | — | |
| Q3 2014 | -10.7% | — | — | |
| Q2 2014 | +2.5% | — | — | |
| Q1 2014 | -4.3% | — | — | |
| Q4 2013 | -4.3% | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro