- Magnite has recently released strong Q4 2020 earnings that helps validate the company's current strategy of focusing on the CTV space.
- Magnite has recently acquired video ad tech unit SpotX in a deal worth USD $1.17 billion in cash and stock to move deeper into Connected TV.
- US CTV Programmatic ad spending is expected to take its greatest leap this year in 2021, due to an acceleration of cord cutting.
- Magnite has a nice sized growth runway ahead of them in the Connected TV space, which is why I still think Magnite is a buy at current prices.
For further details see:
Magnite: Moving Deeper Into The Connected TV Space