Magnite, Inc. (MGNI) Q3 2024 Earnings Call Transcript
Magnite, Inc. (NASDAQ:MGNI ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Nick Kormeluk - VP, IR & Head, Global Real Estate Michael Barrett - CEO David Day - CFO Conference Call Participants Laura Martin - Needham and Company Shyam Patil - Susquehanna Jason Kreyer - Craig-Hallum Capital Tim Nollen - Macquarie Omar Dessouky - Bank of America Dan Kurnos - The Benchmark Company Brian Kraska - Wolfe Research Zach Cummins - B. Riley Simran Biswal - RBC Capital Markets Robert Coolbrith - Evercore ISI.
Magnite: Draws In The Big Players, 9x FCF
I believe that paying 9x forward free cash flow for Magnite is reasonable given its solid CTV growth prospects. The balance sheet is not ideal, but $230 million of net debt is manageable relative to the company's free cash flow generation. The partnerships with Netflix, Roku, and other major players highlight its relevance and positioning in the highly competitive programmatic CTV market.
Why Magnite Stock Was Sinking at Double-Digit Rates This Week
It's amazing how a handful of words can deeply affect a stock's performance.
Why Magnite Stock Was Falling Today
Disney appears to be downgrading its relationship with Magnite.
MGNI vs. SMAR: Which Stock Is the Better Value Option?
Investors interested in stocks from the Internet - Software sector have probably already heard of Magnite (MGNI) and Smartsheet (SMAR). But which of these two stocks is more attractive to value investors?
Here's Why Magnite (MGNI) Is a Great 'Buy the Bottom' Stock Now
Magnite (MGNI) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Why Magnite Was Sliding Today
Magnite's revenue-growth rate slowed to 7%, and it missed earnings estimates. Investors seemed to expect more from a new deal with Netflix.
Magnite (MGNI) Q2 Earnings Match Estimates
Magnite (MGNI) came out with quarterly earnings of $0.14 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.09 per share a year ago.
Why Magnite Stock Jumped 40% Last Month
Magnite's growth rate is picking up, and new partnerships could help it sustain recent growth. Media companies are increasingly consolidating their software providers to bigger companies, and Magnite is one of the biggest there is.
Here's Why Magnite Stock Is Jumping Today
One analyst is recommending that investors buy Magnite stock in light of the company's recent partnerships. Connected-TV revenue is quickly approaching a majority of its business, and it could carry the stock to further gains as adoption grows.
Why Magnite Stock Rocketed Higher on Thursday
Streaming pioneer Netflix unveiled plans to bring its advertising in-house. The company said it will partner with Magnite, among others.
