NASDAQ$MGNI
Magnite Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Magnite reported its financial results for the fourth quarter and full year ended December 31, 2024, showing growth in revenue and profitability.
Magnite reported a strong fourth quarter in 2024, with total revenue increasing by 4% and Contribution ex-TAC up by 9% year-over-year. CTV Contribution ex-TAC saw significant growth of 23%, exceeding guidance. The company also achieved a 42% Adjusted EBITDA margin for the quarter.
- Total Revenue for Q4 2024 was $194.0 million, an increase of 4% from Q4 2023.
- Contribution ex-TAC for Q4 2024 was $180.2 million, up 9% from Q4 2023.
- CTV Contribution ex-TAC reached $77.9 million in Q4 2024, a 23% increase year-over-year and exceeding guidance.
- Adjusted EBITDA for Q4 2024 was $76.5 million, representing a 42% Adjusted EBITDA margin.
Headline financials
Revenue & EPS history
Magnite · Revenue · Quarterly
$194M
Revenue by segment
Magnite · $133M total across 3 segments · Q3 2023
- Mobile$55M+22.9%41.3%
- CTV$52.5M-5.9%39.4%
- Desktop$25.7M-5.4%19.3%
Forward guidance
Magnite anticipates continued growth in 2025, with total Contribution ex-TAC expected to grow above 10% and Adjusted EBITDA margin expansion of at least 100 basis points.
Tailwinds
- Total Contribution ex-TAC for Q1 2025 is expected to be between $140 million and $144 million.
- Contribution ex-TAC attributable to CTV for Q1 2025 is projected to be between $61 million and $63 million.
- Total Contribution ex-TAC growth is expected to be above 10% for the full-year 2025.
- Excluding political, total 2025 Contribution ex-TAC growth is anticipated to be in the mid-teens.
- Adjusted EBITDA margin expansion of at least 100 basis points is expected for 2025.
Headwinds
- DV+ business grew modestly in Q4 due to marketers pausing campaigns after the election.
- The ad spend environment is mixed.
- Political comps are a factor.
- The company continues to balance top-line growth and profitability.
- Key areas of investment will be live sports, ClearLine, agency marketplaces, curation, AI and overall platform efficiency, which may impact short-term profitability.
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 2024
-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