NASDAQ$MGNI

Magnite Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Magnite reported a strong Q4 2020, driven by CTV and OLV formats, with revenue up 69% and an Adjusted EBITDA margin of 37%.

Magnite reported strong Q4 2020 results, with revenue increasing by 69% year-over-year to $82.0 million. CTV revenue grew 53% on a pro forma basis, and the company achieved an Adjusted EBITDA margin of 37%.

  • Q4 2020 revenue was $82.0 million, up 69% year-over-year.
  • CTV revenue for Q4 2020 was $15.3 million, up 53% year-over-year on a pro forma basis.
  • Online Video (OLV) revenue grew 35% year-over-year in Q4 2020 on a pro forma basis.
  • Adjusted EBITDA was $30.0 million, representing a 37% Adjusted EBITDA margin.

Headline financials

Total Revenue

$82M

Previous: $156M-47.6%
EPS (adj)

$0.19

Previous: -$0.48+139.6%
Adjusted EBITDA Margin

37.0%

No prior period
Capital Expenditures

$10.1M

Previous: $5.82M+73.2%
Free Cash Flow

$1.89M

Previous: $8.9M-78.7%
Net Income

$5.9M

Previous: $1.52M+287.4%
Operating Income

$8M

Previous: $986K+710.9%
Gross Profit

$60.8M

Previous: $35.2M+73.0%
Cash & Equivalents

$118M

Previous: $88.9M+32.4%
Total Assets

$939M

Previous: $395M+137.6%
Stock-Based Comp

$7.19M

Previous: $4.95M+45.4%

Revenue & EPS history

Magnite · Revenue · Quarterly

$82M

Q4 2020-47.6%vs Q4 2019
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Magnite · $82M total across 3 segments · Q4 2020

  • Mobile
    $39.2M+40.3%
  • Desktop
    $27.5M+33.7%
  • CTV
    $15.3M

Forward guidance

The company expects revenue for Q1 2021 to be between $58 to $62 million and anticipates strong CTV growth in Q1 2021.

Tailwinds

  • Expect revenue for Q1 2021 to be between $58 to $62 million
  • Expect strong CTV growth in Q1 2021

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 Q4 2020

Historical avgQ4 2020

-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

Earnings price reactions
QuarterReport dateReaction (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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