NASDAQ$MGNI
Magnite Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Magnite's Q2 2022 financial performance was reported, demonstrating revenue growth and adjusted EBITDA increase.
Magnite reported Q2 2022 results with revenue of $137.8 million, up 20% year-over-year. Revenue ex-TAC was $123.3 million, up 23% year-over-year. CTV revenue ex-TAC was $52.1 million, up 52% year-over-year. The company reported a net loss of $25.0 million, and adjusted EBITDA of $41.3 million, up 30% year-over-year.
- Revenue reached $137.8 million, a 20% increase year-over-year.
- Revenue ex-TAC totaled $123.3 million, reflecting a 23% increase year-over-year.
- CTV contributed $52.1 million in revenue ex-TAC, marking a 52% increase year-over-year.
- Adjusted EBITDA increased by 30% year-over-year, reaching $41.3 million.
Headline financials
Revenue & EPS history
Magnite · Revenue · Quarterly
$138M
Revenue by segment
Magnite · $123M total across 3 segments · Q2 2022
- CTV$52.1M+52.1%42.3%
- Mobile$44M+13.3%35.7%
- Desktop$27.2M-0.7%22.1%
Forward guidance
Magnite expects Q3 2022 Revenue ex-TAC to be between $122 million and $126 million, CTV Revenue ex-TAC to be between $52 million and $54 million and Adjusted EBITDA operating expenses to be between $85 and $87 million. They expect full year 2022 Revenue ex-TAC to exceed $500 million and free cash flow to exceed $100 million and total capital expenditures to be approximately $45 million.
Tailwinds
- Q3 2022 Revenue ex-TAC to be between $122 million and $126 million
- Q3 2022 Revenue ex-TAC attributable to CTV to be between $52 million and $54 million
- Revenue ex-TAC for full-year 2022 to exceed $500 million
- Free cash flow for the full-year 2022 to exceed $100 million
- Total capital expenditures for 2022 to be approximately $45 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 2022
-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 | — | — | — |
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