2023-08-09 16:17:29 ET
- Magnite press release ( NASDAQ: MGNI ): Q2 Non-GAAP EPS of $0.09 beats by $0.06 .
- Revenue of $152.5M (+23.7% Y/Y) beats by $18.2M .
- Shares -10% .
- Contribution ex-TAC (1) of $134.7 million, up 9% year-over-year
- Contribution ex-TAC (1) attributable to CTV of $56.1 million, up 8% year-over-year
- Contribution ex-TAC (1) attributable to DV+ of $78.6 million, up 10% year-over year
- Net loss of $73.9 million, for a loss per share of $0.54, compared to net loss of $25.0 million in Q2 2022, for a loss per share of $0.19
- Adjusted EBITDA (1) of $37.3 million, representing a 28% Adjusted EBITDA margin (3) (includes bad debt expense of $4.5 million from a buyer bankruptcy), compared to Adjusted EBITDA of $41.3 million in Q2 2022
- Non-GAAP earnings per share (1) of $0.09, compared to non-GAAP earnings per share of $0.14 for Q2 2022
- Operating cash flow (4) of $28.4 million
- Repurchased $40.2 million of convertible notes during the quarter, over $90 million or 23% of total now retired
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Magnite Non-GAAP EPS of $0.09 beats by $0.06, revenue of $152.5M beats by $18.2M