Magnite, Inc. ( (MGNI) ) has released its Q4 earnings. Here is a breakdown of the information Magnite, Inc. presented to its investors.
Magnite, Inc. is the world’s largest independent sell-side advertising platform, enabling publishers to monetize their content across various formats, including CTV, online video, display, and audio, while offering agencies and brands access to high-quality ad inventory.
In its latest earnings report, Magnite revealed a 4% increase in total revenue for the fourth quarter of 2024, reaching $194 million, with a notable 23% growth in Contribution ex-TAC from Connected TV (CTV). The company also reported an adjusted EBITDA margin of 42% for the same period.
Key financial highlights include a 9% increase in Contribution ex-TAC to $180.2 million and a net income of $36.4 million, or $0.24 per diluted share, for the fourth quarter. For the full year 2024, Magnite achieved an 8% revenue growth, with a significant improvement in gross profit by 95% and an adjusted EBITDA increase of 15%.
Looking ahead, Magnite anticipates a growth in Contribution ex-TAC above 10% for 2025, with expectations of mid-teens percentage growth in adjusted EBITDA and high-teens to 20% growth in free cash flow. The company remains optimistic about its strategic investments in live sports, AI, and platform efficiency.
Overall, Magnite’s performance in 2024 reflects its strong position in the advertising industry, with a positive outlook for continued growth and profitability in 2025.