Tearsheet

Magnite (MGNI)

Market Price (4/15/2026): $12.455 | Market Cap: $1.8 Bil
Sector: Communication Services | Industry: Advertising

Magnite (MGNI)

Market Price (4/15/2026): $12.455
Market Cap: $1.8 Bil
Sector: Communication Services
Industry: Advertising

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.1%, FCF Yield is 8.5%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -43%

Megatrend and thematic drivers
Megatrends include Digital Advertising, Social Media & Creator Economy, and Digital Content & Streaming. Themes include Ad-Tech Platforms, Show more.

Weak multi-year price returns
2Y Excs Rtn is -8.8%, 3Y Excs Rtn is -33%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 11%

Key risks
MGNI key risks include [1] intense competition from dominant "walled garden" platforms and [2] evolving privacy regulations and the deprecation of third-party cookies that threaten its ad targeting effectiveness.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.1%, FCF Yield is 8.5%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21%
2	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -43%
3	Megatrend and thematic drivers Megatrends include Digital Advertising, Social Media & Creator Economy, and Digital Content & Streaming. Themes include Ad-Tech Platforms, Show more.
4	Weak multi-year price returns 2Y Excs Rtn is -8.8%, 3Y Excs Rtn is -33%
5	Significant share based compensation SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 11%
6	Key risks MGNI key risks include [1] intense competition from dominant "walled garden" platforms and [2] evolving privacy regulations and the deprecation of third-party cookies that threaten its ad targeting effectiveness.

Valuation, Metrics & Events

	4/15/26	2025	2024	2023	2022
Share Price CYE	$12.46	$11.41	$10.75	$9.26	$13.21
Market Cap CYE ($ Bil)	1.8	1.6	1.5	1.2	1.7
Total Debt ($ Bil)	0.6	0.6	0.6	0.8	0.8
Total Cash ($ Bil)	0.6	0.4	0.3	0.2	0.2
Enterprise Value ($ Bil)	1.9	2.2	2.1	2.0	2.5
Valuation Ratios
P/S TTM	2.5	2.4	2.3	2.1	3.3
P/EBIT TTM	20.0	24.3	-30.3	-7.9	-16.9
P/E TTM	12.4	52.4	-19.1	-6.8	-55.2
P/FCF TTM	11.8	6.7	10.3	12.6	15.5
Sector Ratios
P/S TTM (Sector)	1.1	1.0	1.3	1.2	1.8
P/EBIT TTM (Sector)	1.5	1.4	1.5	1.4	4.5
P/E TTM (Sector)	-0.5	-0.9	-0.5	-0.6	5.5
P/FCF TTM (Sector)	6.6	5.2	6.1	3.4	5.9

	4/15/26	2025	2024
Share Price CYE	$12.46	$11.41	$10.75
Market Cap CYE ($ Bil)	1.8	1.6	1.5
Total Debt ($ Bil)	0.6	0.6	0.6
Total Cash ($ Bil)	0.6	0.4	0.3
Enterprise Value ($ Bil)	1.9	2.2	2.1
Valuation Ratios
P/S TTM	2.5	2.4	2.3
P/EBIT TTM	20.0	24.3	-30.3
P/E TTM	12.4	52.4	-19.1
P/FCF TTM	11.8	6.7	10.3
Sector Ratios
P/S TTM (Sector)	1.1	1.0	1.3
P/EBIT TTM (Sector)	1.5	1.4	1.5
P/E TTM (Sector)	-0.5	-0.9	-0.5
P/FCF TTM (Sector)	6.6	5.2	6.1

	MGNI	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	0.7
Rev Chg Q	5.9%	7.5%
Rev Chg LTM	6.9%	6.8%
Rev Chg 3Y Avg	7.4%	5.7%
PROFITABILITY	GOOD
Op Inc LTM ($ Bil)	0.1
CFO LTM ($ Bil)	0.2
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	13.7%	18.6%
CFO/Rev LTM	33.1%	20.6%
Net Inc Mgn	20.3%	12.8%
VALUATION	LOW
P/S	2.5	3.3
P/CFO	7.6	15.5
P/FCF	11.8	20.1
P/E	12.4	24.3
STABILITY	GOOD
Debt/Equity	0.35	0.21
Cash/Assets	0.17	0.07

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Metric	Value	Date	Source
CTV Supply Coverage	99%	3052025	Link
Omnichannel Supply Coverage	96%	3052025	Link
Ad Spend Increase from Top Agencies	nearly 20%	11052025	Link
CTV as Percentage of Total Contribution ex-TAC	45%	11052025	Link
Number of DV+ and SpringServe Direct Integrations	Over 3,000	10182025	Link
Percentage of Fully Direct Integrations	95%	10182025	Link
Employee Count	911	12312023	Link

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Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Magnite (MGNI) stock has lost about 25% since 12/31/2025 because of the following key factors:

1. Magnite lowered its revenue guidance for the first quarter of 2026, projecting $157.0 million to $161.0 million, which fell below the consensus estimate of $163.8 million. This revised outlook, issued on February 25, 2026, signaled a potential deceleration in advertising demand.

2. The Digital Video and Plus (DV+) segment experienced a 1% year-over-year decline in contribution ex-TAC for Q4 2025, falling short of expectations. This underperformance was attributed to an accelerated shift of advertising budgets from DV+ towards Connected TV (CTV) across agencies, demand-side platforms (DSPs), and brands.

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Stock Movement Drivers

Fundamental Drivers

The -23.2% change in MGNI stock from 12/31/2025 to 4/14/2026 was primarily driven by a -69.1% change in the company's P/E Multiple.

(LTM values as of)	12312025	4142026	Change
Stock Price ($)	16.23	12.46	-23.2%
Change Contribution By:
Total Revenues ($ Mil)	703	714	1.6%
Net Income Margin (%)	8.3%	20.3%	145.5%
P/E Multiple	40.0	12.4	-69.1%
Shares Outstanding (Mil)	143	144	-0.5%
Cumulative Contribution			-23.2%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/14/2026

	Return	Correlation
MGNI	-23.2%
Market (SPY)	-5.4%	22.2%
Sector (XLC)	-1.0%	43.4%

Fundamental Drivers

The -42.8% change in MGNI stock from 9/30/2025 to 4/14/2026 was primarily driven by a -82.7% change in the company's P/E Multiple.

(LTM values as of)	9302025	4142026	Change
Stock Price ($)	21.78	12.46	-42.8%
Change Contribution By:
Total Revenues ($ Mil)	685	714	4.2%
Net Income Margin (%)	6.3%	20.3%	221.8%
P/E Multiple	71.5	12.4	-82.7%
Shares Outstanding (Mil)	142	144	-1.4%
Cumulative Contribution			-42.8%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/14/2026

	Return	Correlation
MGNI	-42.8%
Market (SPY)	-2.9%	31.0%
Sector (XLC)	-1.2%	47.8%

Fundamental Drivers

The 9.2% change in MGNI stock from 3/31/2025 to 4/14/2026 was primarily driven by a 494.0% change in the company's Net Income Margin (%).

(LTM values as of)	3312025	4142026	Change
Stock Price ($)	11.41	12.46	9.2%
Change Contribution By:
Total Revenues ($ Mil)	668	714	6.9%
Net Income Margin (%)	3.4%	20.3%	494.0%
P/E Multiple	70.7	12.4	-82.5%
Shares Outstanding (Mil)	141	144	-1.8%
Cumulative Contribution			9.2%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/14/2026

	Return	Correlation
MGNI	9.2%
Market (SPY)	16.3%	51.6%
Sector (XLC)	22.0%	56.3%

Fundamental Drivers

The 34.6% change in MGNI stock from 3/31/2023 to 4/14/2026 was primarily driven by a 23.7% change in the company's Total Revenues ($ Mil).

(LTM values as of)	3312023	4142026	Change
Stock Price ($)	9.26	12.46	34.6%
Change Contribution By:
Total Revenues ($ Mil)	577	714	23.7%
P/S Multiple	2.1	2.5	16.9%
Shares Outstanding (Mil)	134	144	-7.0%
Cumulative Contribution			34.6%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/14/2026

	Return	Correlation
MGNI	34.6%
Market (SPY)	63.3%	43.6%
Sector (XLC)	107.1%	46.1%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
MGNI Return	-43%	-39%	-12%	70%	2%	-26%	-61%
Peers Return	-16%	-58%	70%	32%	-28%	-19%	-53%
S&P 500 Return	27%	-19%	24%	23%	16%	-0%	81%
Monthly Win Rates [3]
MGNI Win Rate	25%	33%	58%	50%	50%	25%
Peers Win Rate	47%	33%	60%	55%	52%	35%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
MGNI Max Drawdown	-46%	-67%	-39%	-9%	-43%	-31%
Peers Max Drawdown	-41%	-63%	-5%	-27%	-51%	-30%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-7%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: PUBM, TTD, ROKU, DV, DSP.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/14/2026 (YTD)

How Low Can It Go

Unique Key	Event	MGNI	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-90.6%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	969.2%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-68.2%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	214.7%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	230 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-83.3%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	499.3%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	518 days	120 days

Compare to PUBM, TTD, ROKU, DV, DSP

In The Past

Magnite's stock fell -90.6% during the 2022 Inflation Shock from a high on 2/11/2021. A -90.6% loss requires a 969.2% gain to breakeven.

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About Magnite (MGNI)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Magnite, Inc. operates an independent sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties, to manage and monetize their inventory; and provides applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory. It markets its technology solutions to buyers and sellers through a sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.

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Here are 1-3 brief analogies for Magnite (MGNI):

The eBay of digital advertising.
Like the NASDAQ, but for digital ad space.
Shopify for online publishers selling ad space.

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Sell-Side Platform (SSP) Solutions: Magnite provides applications and services for publishers to manage and monetize their digital advertising inventory across CTV channels, applications, websites, and other digital media properties.
Advertising Inventory Purchase Solutions: Magnite offers applications and services that enable advertisers, agencies, and demand-side platforms to buy digital advertising inventory from publishers.

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Magnite, Inc. operates an independent sell-side advertising platform and primarily serves other businesses (B2B) within the digital advertising ecosystem. Due to the nature of its platform business, which facilitates numerous transactions for a broad and diverse client base, and the company's publicly stated lack of revenue concentration in any single client, Magnite does not have a few traditional "major customers" that account for a dominant share of its revenue.

However, Magnite works with a wide array of major companies on both the supply (publisher) and demand (buyer) sides of the advertising marketplace. Prominent examples of companies that utilize Magnite's platform for managing and monetizing their advertising inventory or for purchasing digital ad space include:

Warner Bros. Discovery (WBD) - A major media company and publisher of Connected TV (CTV) and digital content, utilizing Magnite for inventory monetization.
The Walt Disney Company (DIS) - Another leading global media and entertainment company, leveraging Magnite for its advertising initiatives across various properties.
Roku, Inc. (ROKU) - A prominent streaming platform and media company that uses Magnite to monetize its ad inventory.
The Trade Desk, Inc. (TTD) - A leading independent demand-side platform (DSP) that integrates with Magnite to purchase advertising inventory for its clients.

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Michael Barrett Chief Executive Officer

Michael Barrett has served as Magnite's Chief Executive Officer since March 2017, a role he also held at Rubicon Project before its merger with Telaria to form Magnite in 2020. Prior to Magnite, he was the President and Chief Executive Officer of Millennial Media, an independent mobile ad technology company that was acquired by AOL/Verizon in October 2015. He also served as Chief Executive Officer of AdMeld, a programmatic supply-side platform, which was acquired by Google in 2011. Barrett's extensive career in digital advertising includes leadership positions at Yahoo! Inc. as Global Chief Revenue Officer and Executive Vice President, as well as senior roles at AOL, Fox Interactive Media, and Disney Online. He also founded Ichabod Farm Ventures LLC, a private investment firm.

David Day Chief Financial Officer

David Day is Magnite's Chief Financial Officer, overseeing the company's financial operations. He previously served as Chief Financial Officer for Rubicon Project before its merger with Telaria to create Magnite. His background includes various financial executive roles in high-growth technology-based advertising companies. Day was the Chief Accounting Officer at ReachLocal, and Vice President of Finance at Spot Runner. He also held the position of Senior Vice President of Finance and Corporate Controller of Overture Services, which originated the paid search advertising model and was later acquired by Yahoo!, where he subsequently served as Senior Vice President of Finance for Yahoo Search Marketing. Day co-founded SignJammer, a startup focused on the out-of-home advertising market.

Katie Evans President, Operations

Katie Evans serves as Magnite's President of Operations.

Adam Soroca Chief Product Officer

Adam Soroca is the Chief Product Officer at Magnite.

Sean Buckley President, Revenue

Sean Buckley holds the title of President of Revenue at Magnite. He is also referred to as Chief Revenue Officer.

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The key risks to Magnite's (MGNI) business operations are primarily rooted in its ongoing legal battle with Google, the intense competition within the digital advertising market, and its susceptibility to broader economic fluctuations affecting advertising demand.

Regulatory and Legal Risks (Google Lawsuit): Magnite is engaged in high-stakes litigation against Google, alleging anticompetitive practices in the ad tech market. This lawsuit poses a material risk to Magnite's revenue and reputation, and could divert significant management attention and resources. The outcome of this legal challenge could also impact regulatory dynamics and competitive positioning within the industry.
Intense Market Competition: Magnite operates in a highly competitive digital advertising landscape, facing substantial challenges from larger companies with greater financial, technical, and marketing resources, including major players like Google, Amazon, Meta Platforms, Microsoft, and Comcast. This intense competition can hinder Magnite's ability to maintain and grow its market share and could reduce future growth.
Dependence on Advertising Demand and Macroeconomic Challenges: Magnite's revenue is closely tied to the overall demand for digital advertising, which is vulnerable to macroeconomic factors such as economic downturns, inflation, and geopolitical events. Significant reductions in ad spending, particularly within the Connected TV (CTV) market, could negatively impact Magnite's financial stability and growth prospects.

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Actions of major technology platforms ("walled gardens") that control significant user data, operating systems, and media properties. These platforms (e.g., Google, Apple, Amazon) are increasingly implementing stricter privacy controls (such as the deprecation of third-party cookies and app tracking transparency initiatives) and expanding their proprietary advertising ecosystems. This trend limits the data available to independent ad tech companies like Magnite for targeting and measurement, and can steer publishers and advertisers toward the platforms' integrated, first-party solutions, thereby diminishing the role and addressable market for independent sell-side platforms.

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Magnite, Inc. (MGNI) operates within the expansive digital advertising landscape, primarily focusing on programmatic advertising, particularly in the Connected TV (CTV) sector, through its sell-side platform (SSP) services. The addressable markets for Magnite's main products and services are substantial and are projected to grow significantly in the coming years.

Global Programmatic Advertising Market

The global programmatic advertising market was estimated at USD 678.37 billion in 2023 and is projected to reach USD 2,753.03 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 22.8% from 2024 to 2030. Another estimate valued the global programmatic advertising market at USD 595.4 billion in 2024, with a projection to grow from USD 716.86 billion in 2025 to USD 3,165.54 billion by 2033, at a CAGR of 20.4% during that period. North America held the largest global market share of 32.6% in 2023 for programmatic advertising.

U.S. Programmatic Connected TV (CTV) Advertising Market

The U.S. programmatic CTV advertising market is a significant growth area for Magnite. CTV programmatic ad spending is projected to reach $33 billion in 2025. The U.S. connected TV advertising market is projected to reach $33.35 billion in 2025, according to eMarketer's forecast. Furthermore, programmatic CTV advertising spending is expected to increase from $24.6 billion in 2023 to $42.4 billion by 2027. Over 90% of CTV display ad spend is transacted programmatically, indicating a major shift in how advertisers are purchasing streaming inventory.

Global Sell-Side Platform (SSP) Market

The global Supply Side Platform (SSP) market, which represents Magnite's core offering, was valued at approximately USD 57.46 billion in 2024. It is projected to grow from USD 65.58 billion in 2025 to USD 245.95 billion by 2035. Another estimate indicates the global SSP market was valued at USD 26.4 billion in 2025, with a projected growth at a CAGR of around 11.8% through 2033, potentially exceeding USD 64.5 billion. North America is the largest market for SSPs, holding approximately 45% of the global market share. This region is expected to expand at an 11.8% CAGR within the forecast period, reaching a market size of USD 16.3 billion by the end of 2033.

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Here are 3-5 expected drivers of future revenue growth for Magnite (MGNI) over the next 2-3 years:

Continued Growth in Connected TV (CTV) Advertising: Magnite's primary growth driver is the expansion of Connected TV (CTV) advertising. The company is prioritizing integrations with tier-1 publishers and streamers to increase its premium CTV inventory. Analysts project the U.S. CTV ad spend to exceed $40 billion by 2027, with programmatic advertising capturing an increasing share, and Magnite is targeting mid-to-high teens CTV revenue growth in the medium term. Magnite's SpringServe platform, a unified ad serving and programmatic supply-side platform, is central to its strong performance in this area.
Expansion of Direct and Curated Demand Pathways: Magnite expects revenue growth from the broader adoption of its ClearLine platform and curated marketplaces. These initiatives enable agencies and brands to directly purchase publisher CTV inventory, facilitating higher-value direct deals and improving supply path efficiency. ClearLine gained significant traction with agency marketplaces and its adoption is cited as a key growth driver.
Advancements in Ad Serving Technology and Live Events: Enhancements to Magnite's SpringServe platform, including features like pod-bidding, frequency-aware serving, and tighter Server-Side Ad Insertion (SSAI), are expected to unify ad decisioning across live sports, AVOD, and Free Ad-Supported Streaming TV (FAST) channels. This focus allows Magnite to capitalize on the double-digit year-over-year growth in CTV spend within these categories. The next generation of SpringServe, combining ad server with programmatic SSP capabilities, reached general availability in July 2025.
International Market Expansion: Magnite is focused on expanding its global footprint, particularly in EMEA and APAC regions. The company aims to capture local CTV demand through partnerships related to Broadcast Video On Demand (BVOD), FAST channels, and device OEM alliances in markets such as the UK, Germany, Australia, Japan, and India.
Growth in Retail Media and Enhanced Identity/Measurement Solutions: Retail media is emerging as a new revenue stream for Magnite, with the company announcing over 15 commerce media partnerships by the end of Q4 2025. Additionally, Magnite is investing in advancing its identity and measurement capabilities, including clean-room collaborations and commerce/retail media tie-ups, to connect shopper data with CTV demand, further enhancing its data-driven advertising offerings. The company is also exploring the integration of AI to drive platform efficiencies and long-term growth.

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Share Repurchases

On December 13, 2021, Magnite announced a share repurchase program authorizing the purchase of up to $50 million of its common stock over the subsequent twelve-month period.
During 2025, Magnite repurchased approximately 5.2 million shares of its common stock for $79.2 million, which included shares withheld upon vesting of RSUs or PSUs.
On February 23, 2026, the Board of Directors approved a new share repurchase program, authorizing the repurchase of common stock with an aggregate market value of up to $200 million through February 29, 2028.

Outbound Investments

In February 2021, Magnite acquired SpotX for $1.17 billion in cash and stock, a strategic move to solidify its Connected TV (CTV) leadership.
In July 2021, Magnite acquired SpringServe for $31 million, integrating critical ad-serving technology into its platform.
In September 2025, Magnite acquired streamr.ai, an AI-powered platform designed to make CTV advertising accessible to Small and Medium-sized Businesses (SMBs), with the financial terms of the transaction not disclosed.

Capital Expenditures

Capital expenditures for the fourth quarter of 2025 were $23 million.
For the full year 2026, capital expenditures are anticipated to be approximately $60 million, representing a reduction from the prior year.
The primary focus of capital expenditures has been on supporting the growth of the CTV business and investing in CTV-related features and functionality, including higher cloud and data center costs and increased personnel-related expenses.

Interactive Breakdown

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Higher Total Yield (Value for MGNI: 8.1%)

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Higher Op Mgn LTM (Value for MGNI: 13.7%)

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TMUS (21.0%)

T-Mobile US

Higher CFO/Rev LTM (Value for MGNI: 33.1%)

META (57.6%)

Meta Platforms

GOOGL (40.9%)

Alphabet

RBLX (36.7%)

Roblox

TRI (35.5%)

Thomson Reuters

EA (34.5%)

Electronic Arts

Higher FCF/Rev LTM (Value for MGNI: 21.3%)

EA (31.5%)

Electronic Arts

RDDT (31.1%)

RBLX (27.7%)

Roblox

TRI (27.0%)

Thomson Reuters

META (22.9%)

Meta Platforms

Higher Total Yield (Value for MGNI: 8.1%)

BCE (38.2%)

BCE

CMCSA (24.4%)

Comcast

CHTR (18.2%)

Charter Communications

VZ (14.9%)

Verizon Communications

T (12.1%)

AT&T

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for MGNI: 7.4% | 2.5x)

UNH (11.4% | 0.6x)

UnitedHealth

BA (12.3% | 1.9x)

Boeing

CB (11.9% | 2.1x)

Chubb

COF (16.8% | 2.4x)

Capital One Financial

ENB (8.8% | 1.8x)

Enbridge

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MGNI: 7.4% | 18.3x)

UNH (11.4% | 15.0x)

UnitedHealth

PM (8.6% | 16.6x)

Philip Morris International

CRM (9.8% | 18.0x)

Salesforce

BKNG (16.5% | 15.7x)

Booking

NEM (26.2% | 11.8x)

Newmont

Higher Rev Chg LTM (Value for MGNI: 6.9%)

NVDA (65.5%)

NVIDIA

AVGO (25.2%)

Broadcom

MSFT (16.7%)

Microsoft

AMZN (12.4%)

Amazon.com

AAPL (10.1%)

Apple

Higher Rev Chg 3Y Avg (Value for MGNI: 7.4%)

NVDA (101.8%)

NVIDIA

BRK-B (27.0%)

Berkshire Hathaway

AVGO (26.2%)

Broadcom

MSFT (14.4%)

Microsoft

AMZN (11.7%)

Amazon.com

Higher Op Mgn LTM (Value for MGNI: 13.7%)

NVDA (60.4%)

NVIDIA

MSFT (46.7%)

Microsoft

LLY (45.6%)

Eli Lilly

AVGO (41.5%)

Broadcom

AAPL (32.4%)

Apple

Higher CFO/Rev LTM (Value for MGNI: 33.1%)

V (59.1%)

Visa

MU (52.7%)

Micron Technology

MSFT (52.5%)

Microsoft

NVDA (47.6%)

NVIDIA

AVGO (43.5%)

Broadcom

Higher FCF/Rev LTM (Value for MGNI: 21.3%)

V (55.4%)

Visa

NVDA (44.8%)

NVIDIA

AVGO (42.3%)

Broadcom

AAPL (28.3%)

Apple

MSFT (25.3%)

Microsoft

Higher Total Yield (Value for MGNI: 8.1%)

TD (12.6%)

Toronto-Dominion Bank

PFE (11.4%)

Pfizer

WFC (10.5%)

Wells Fargo

MRK (8.9%)

Merck

RY (8.6%)

Royal Bank of Canada

Best Bets in Communication Services

What You Pay

P/EBIT (Value for MGNI: 20.0x)

FWONA (21.6x)

Liberty Media

IRDM (16.2x)

Iridium Communications

META (19.2x)

Meta Platforms

TTD (17.1x)

Trade Desk

MTCH (8.8x)

Match

CARG (13.9x)

CarGurus

T (5.4x)

AT&T

TMUS (11.7x)

T-Mobile US

TKO (18.9x)

TKO

SIRI (5.3x)

Sirius XM

P/E (Value for MGNI: 12.4x)

FWONA (38.7x)

Liberty Media

IRDM (33.0x)

Iridium Communications

META (27.7x)

Meta Platforms

TTD (22.8x)

Trade Desk

MTCH (12.9x)

Match

CARG (21.9x)

CarGurus

T (8.3x)

AT&T

TMUS (19.2x)

T-Mobile US

TKO (78.4x)

TKO

SIRI (10.0x)

Sirius XM

What You Get

Rev Chg 3Y Avg (Value for MGNI: 7.4%)

FWONA (21.3%)

Liberty Media

IRDM (6.6%)

Iridium Communications

META (19.9%)

Meta Platforms

TTD (22.5%)

Trade Desk

MTCH (3.0%)

Match

CARG (-10.0%)

CarGurus

T (1.3%)

AT&T

TMUS (3.6%)

T-Mobile US

TKO (77.1%)

TKO

SIRI (-1.7%)

Sirius XM

Rev Chg LTM (Value for MGNI: 6.9%)

FWONA (22.7%)

Liberty Media

IRDM (4.9%)

Iridium Communications

META (22.2%)

Meta Platforms

TTD (18.5%)

Trade Desk

MTCH (0.2%)

Match

CARG (13.7%)

CarGurus

T (2.7%)

AT&T

TMUS (8.5%)

T-Mobile US

TKO (-3.1%)

TKO

SIRI (-1.6%)

Sirius XM

Rev Chg Q (Value for MGNI: 5.9%)

FWONA (37.9%)

Liberty Media

IRDM (0.0%)

Iridium Communications

META (23.8%)

Meta Platforms

TTD (14.3%)

Trade Desk

MTCH (2.1%)

Match

CARG (58.2%)

CarGurus

T (3.6%)

AT&T

TMUS (11.3%)

T-Mobile US

TKO (11.9%)

TKO

SIRI (0.2%)

Sirius XM

FCF/Rev 3Y Avg (Value for MGNI: 26.0%)

FWONA (36.7%)

Liberty Media

IRDM (33.9%)

Iridium Communications

META (29.5%)

Meta Platforms

TTD (26.9%)

Trade Desk

MTCH (26.5%)

Match

CARG (20.5%)

CarGurus

T (15.8%)

AT&T

TMUS (13.2%)

T-Mobile US

TKO (13.1%)

TKO

SIRI (13.1%)

Sirius XM

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 12%, alpha of 0.5%, and sharpe of 0.56

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	Magnite Earnings Notes	12/28/2026
2	Is 21.6% Fall In Magnite (MGNI) Stock A Buying Opportunity?	10/22/2025
3	Is Magnite Stock Built to Withstand a Pullback?	10/17/2025
4	Is 27.7% Fall In Magnite (MGNI) Stock A Buying Opportunity?	10/16/2025
5	Is The 21.3% Decline In Magnite (MGNI) Stock A Dip Buying Opportunity?	10/02/2025
6	Where Does Magnite Stock Rank Among Competitors?	08/13/2025
7	Better Bet Than MGNI Stock: Pay Less Than Magnite To Get More From RTX, MU	08/12/2025
8	Why Magnite Stock Moved: MGNI Stock Has Gained 77% Since 2023 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)	08/08/2025
9	ARTICLES
10	Magnite Stock Sinks 26%, Rebound Coming?	11/26/2025
11	Magnite Stock To $13?	10/16/2025
12	Is The 21% Drop In MGNI Stock, A Buying Opportunity?	10/02/2025

	Title
0	DASHBOARDS
1	Magnite Earnings Notes
2	Is 21.6% Fall In Magnite (MGNI) Stock A Buying Opportunity?
3	Is Magnite Stock Built to Withstand a Pullback?
4	Is 27.7% Fall In Magnite (MGNI) Stock A Buying Opportunity?
5	Is The 21.3% Decline In Magnite (MGNI) Stock A Dip Buying Opportunity?
6	Where Does Magnite Stock Rank Among Competitors?
7	Better Bet Than MGNI Stock: Pay Less Than Magnite To Get More From RTX, MU
8	Why Magnite Stock Moved: MGNI Stock Has Gained 77% Since 2023 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
9	ARTICLES
10	Magnite Stock Sinks 26%, Rebound Coming?
11	Magnite Stock To $13?
12	Is The 21% Drop In MGNI Stock, A Buying Opportunity?

Trade Ideas

Select ideas related to MGNI.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
META_3272026_Dip_Buyer_ValueBuy	03272026	META	Meta Platforms	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	8.8%	8.8%	0.0%
CARG_3062026_Insider_Buying_GTE_1Mil_EBITp+DE_V2	03062026	CARG	CarGurus	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	1.2%	1.2%	-8.3%
YELP_2132026_Dip_Buyer_High_CFO_Margins_ExInd_DE	02132026	YELP	Yelp	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	17.9%	17.9%	-5.7%
TRIP_2132026_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	02132026	TRIP	Tripadvisor	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	10.9%	10.9%	-3.9%
OMC_2062026_Dip_Buyer_FCFYield	02062026	OMC	Omnicom	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	8.9%	8.9%	-3.7%
MGNI_2062026_Dip_Buyer_High_CFO_Margins_ExInd_DE	02062026	MGNI	Magnite	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.2%	5.2%	-0.8%
MGNI_8312023_Dip_Buyer_High_CFO_Margins_ExInd_DE	08312023	MGNI	Magnite	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	45.7%	67.2%	-21.1%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
AVNS	Avanos Medical	1.1	69.5%	119.3%
TVTX	Travere Therapeutics	3.8	37.2%	10.3%
BE	Bloom Energy	57.8	24.0%	152.1%
IONQ	IonQ	12.4	20.2%	-20.3%
CRDO	Credo Technology	29.1	18.7%	10.9%
MGTX	MeiraGTx	0.9	17.2%	42.0%
JBLU	JetBlue Airways	2.1	16.9%	23.1%
QBTS	D-Wave Quantum	6.0	15.8%	-35.1%
REPL	Replimune	0.2	14.7%	-79.9%
APLD	Applied Digital	8.7	14.0%	28.3%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ALLO	Allogene Therapeutics	0.5	-25.5%	66.4%
KMX	CarMax	6.1	-15.1%	7.8%
FSLY	Fastly	3.2	-14.0%	105.8%
REPX	Riley Exploration Permian	0.7	-13.4%	34.0%
ASTS	AST SpaceMobile	25.2	-10.5%	21.9%
STAA	Staar Surgical	1.2	-9.0%	5.8%
POET	POET Technologies	0.6	-8.1%	6.0%
DOCN	DigitalOcean	6.7	-8.0%	52.6%
BKSY	BlackSky Technology	1.1	-7.9%	70.9%
WTI	W&T Offshore	0.4	-7.9%	72.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
AVNS	Avanos Medical	1.1	79.9%	119.3%
CAR	Avis Budget	14.5	61.3%	220.7%
BE	Bloom Energy	57.8	61.2%	152.1%
RVMD	Revolution Medicines	28.6	52.7%	84.6%
CRDO	Credo Technology	29.1	49.4%	10.9%
LWLG	Lightwave Logic	1.7	48.8%	277.2%
AXTI	AXT	3.0	48.0%	311.6%
AEHR	Aehr Test Systems	2.2	48.0%	268.4%
ALAB	Astera Labs	28.9	43.4%	2.5%
OGN	Organon	2.3	42.2%	21.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
REPL	Replimune	0.2	-75.0%	-79.9%
FSLY	Fastly	3.2	-33.7%	105.8%
BETR	Better Home & Finance	0.5	-22.5%	6.7%
AKAM	Akamai Technologies	12.8	-22.0%	1.8%
TBN	Tamboran Resources	0.7	-21.8%	30.2%
VG	Venture Global	30.6	-21.8%	83.7%
SMPL	Simply Good Foods	1.1	-21.2%	-43.3%
OKTA	Okta	11.4	-19.2%	-25.9%
KOS	Kosmos Energy	1.2	-17.5%	175.5%
NET	Cloudflare	62.7	-17.4%	-9.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
XLO	Xilio Therapeutics	0.6	1584.0%	-4.2%
CAR	Avis Budget	14.5	308.7%	220.7%
SATL	Satellogic	1.0	145.8%	290.4%
APLS	Apellis Pharmaceuticals	5.2	115.7%	62.6%
AEHR	Aehr Test Systems	2.2	108.5%	268.4%
KOD	Kodiak Sciences	2.4	94.4%	61.2%
AVNS	Avanos Medical	1.1	79.9%	119.3%
HTZ	Hertz Global	2.2	79.7%	36.0%
KODK	Eastman Kodak	1.2	77.8%	46.5%
CBIO	Crescent Biopharma	0.6	74.6%	64.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
REPL	Replimune	0.2	-72.7%	-79.9%
VRDN	Viridian Therapeutics	1.4	-47.0%	-51.2%
MAZE	Maze Therapeutics	1.3	-44.9%	-33.2%
WVE	WAVE Life Sciences	1.3	-43.2%	-56.5%
BUR	Burford Capital	1.0	-40.5%	-47.2%
TE	T1 Energy	0.8	-36.2%	-27.2%
FRMI	Fermi	3.1	-33.7%	-34.0%
ADMA	ADMA Biologics	2.5	-30.8%	-42.5%
FIG	Figma	9.5	-29.2%	-50.7%
SAIL	SailPoint	6.2	-28.0%	-45.0%

Peer Comparisons

Peers to compare with:

Financials

	MGNI	PUBM	TTD	ROKU	DV	DSP	Median
Name	Magnite	PubMatic	Trade De.	Roku	DoubleVe.	Viant Te.
Mkt Price	12.46	8.79	21.02	106.54	10.12	10.17	11.32
Mkt Cap	1.8	0.4	10.1	15.8	1.6	0.2	1.7
Rev LTM	714	283	2,896	4,737	748	344	731
Op Inc LTM	98	-17	589	-6	79	12	46
FCF LTM	152	46	783	478	173	34	162
FCF 3Y Avg	172	45	653	288	136	31	154
CFO LTM	236	81	993	484	211	53	224
CFO 3Y Avg	229	79	777	319	164	47	196

Growth & Margins

	MGNI	PUBM	TTD	ROKU	DV	DSP	Median
Name	Magnite	PubMatic	Trade De.	Roku	DoubleVe.	Viant Te.
Rev Chg LTM	6.9%	-2.9%	18.5%	15.2%	13.9%	19.0%	14.6%
Rev Chg 3Y Avg	7.4%	3.5%	22.5%	14.9%	18.4%	20.6%	16.6%
Rev Chg Q	5.9%	-6.4%	14.3%	16.1%	7.9%	22.3%	11.1%
QoQ Delta Rev Chg LTM	1.6%	-1.9%	3.8%	4.3%	2.0%	6.2%	2.9%
Op Mgn LTM	13.7%	-6.1%	20.3%	-0.1%	10.6%	3.5%	7.0%
Op Mgn 3Y Avg	-0.8%	-1.3%	16.0%	-9.4%	12.7%	-1.2%	-1.0%
QoQ Delta Op Mgn LTM	1.5%	-2.3%	1.4%	2.3%	-0.3%	1.9%	1.5%
CFO/Rev LTM	33.1%	28.7%	34.3%	10.2%	28.2%	15.3%	28.4%
CFO/Rev 3Y Avg	34.3%	28.1%	31.8%	7.6%	24.5%	16.7%	26.3%
FCF/Rev LTM	21.3%	16.3%	27.0%	10.1%	23.1%	10.0%	18.8%
FCF/Rev 3Y Avg	26.0%	16.0%	26.9%	6.7%	20.4%	10.9%	18.2%

Valuation

	MGNI	PUBM	TTD	ROKU	DV	DSP	Median
Name	Magnite	PubMatic	Trade De.	Roku	DoubleVe.	Viant Te.
Mkt Cap	1.8	0.4	10.1	15.8	1.6	0.2	1.7
P/S	2.5	1.4	3.5	3.3	2.2	0.5	2.3
P/EBIT	20.0	-23.7	17.1	164.6	19.3	14.2	18.2
P/E	12.4	-28.3	22.8	178.5	32.2	20.6	21.7
P/CFO	7.6	5.1	10.2	32.6	7.7	3.3	7.7
Total Yield	8.1%	-3.5%	4.4%	0.6%	3.1%	4.9%	3.7%
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
FCF Yield 3Y Avg	9.5%	7.5%	2.3%	2.1%	5.0%	16.8%	6.3%
D/E	0.3	0.1	0.0	0.0	0.1	0.1	0.1
Net D/E	0.0	-0.2	-0.1	-0.1	-0.1	-1.0	-0.1

Returns

	MGNI	PUBM	TTD	ROKU	DV	DSP	Median
Name	Magnite	PubMatic	Trade De.	Roku	DoubleVe.	Viant Te.
1M Rtn	4.9%	9.5%	-23.1%	16.2%	-0.9%	-17.5%	2.0%
3M Rtn	-22.6%	5.4%	-43.4%	-3.6%	-6.9%	-11.6%	-9.2%
6M Rtn	-30.6%	6.7%	-58.6%	12.9%	-10.0%	20.6%	-1.6%
12M Rtn	28.7%	4.9%	-56.8%	79.1%	-16.8%	-21.0%	-6.0%
3Y Rtn	34.1%	-38.3%	-65.4%	72.6%	-66.5%	131.7%	-2.1%
1M Excs Rtn	-0.2%	4.4%	-28.2%	11.2%	-5.9%	-22.5%	-3.1%
3M Excs Rtn	-23.5%	2.6%	-42.9%	-3.6%	-6.6%	-10.2%	-8.4%
6M Excs Rtn	-35.1%	3.7%	-66.2%	9.4%	-14.9%	18.6%	-5.6%
12M Excs Rtn	-4.3%	-26.2%	-89.6%	47.5%	-52.3%	-55.6%	-39.2%
3Y Excs Rtn	-32.7%	-106.4%	-135.2%	-3.5%	-136.9%	52.8%	-69.5%

Comparison Analyses

	Title
0	Where Does Magnite Stock Rank Among Competitors?

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021	2020
Period End	12/31/2025	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Filing Date	2/25/2026	2/25/2026	2/26/2025	2/28/2024	2/22/2023	2/23/2022	2/25/2021
Key Financials
Total Revenue	714	714	668	620	577	468	222
EBITDA	143	143	112	116	110	72	13
Operating Income	98	98	51	-148	-105	-43	-37
Net Income	145	145	23	-159	-130	0	-53
EPS	1.01	1.01	0.16	-1.17	-0.98	0.00	-0.55
Growth Rates
Total Revenue Growth	6.9%	6.9%	7.8%	7.4%	23.2%	111.4%	41.7%
EBITDA Growth	27.8%	27.8%	-3.1%	5.4%	52.9%	471.0%	90.9%
Operating Income Growth	91.4%	91.4%	134.6%	-40.1%	-145.5%	-16.9%	-43.6%
Net Income Growth	534.7%	534.7%	114.3%	-22.1%	-200596.9%	100.1%	-109.7%
Margins
EBITDA Margin	20.1%	20.1%	16.8%	18.7%	19.0%	15.3%	5.7%
Operating Income Margin	13.7%	13.7%	7.6%	-23.8%	-18.3%	-9.2%	-16.6%
Net Income Margin	20.3%	20.3%	3.4%	-25.7%	-22.6%	0.0%	-24.1%
Cash & Debt
Total Cash	553	553	483	326	326	230	118
Total Debt	626	626	609	607	814	809	42
Net Debt / (Cash)	73	73	126	280	488	579	-76
Cash Flows
Net Cash from Operations	236	236	235	214	193	127	-12
Free Cash from Operations	152	152	188	177	148	97	-34
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	46	46	15	-0	16	6	-0

$ Mil \| FY: 12/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Filing Date	2/25/2026	11/5/2025	8/6/2025	5/7/2025	2/26/2025	11/7/2024	8/7/2024	5/8/2024	2/28/2024	11/8/2023	8/9/2023	5/10/2023
Key Financials Quarterly
Total Revenue	205	179	173	156	194	162	163	149	187	150	153	130
Ebitda	56	41	32	14	54	31	28	-2	58	28	24	5
Operating Income	52	25	22	-1	40	15	10	-14	35	-18	-72	-93
Net Income	123	20	11	-10	36	5	-1	-18	31	-17	-74	-99
EPS	0.86	0.14	0.08	-0.07	0.26	0.04	-0.01	-0.13	0.22	-0.13	-0.54	-0.73
Key Financials TTM
Total Revenue TTM	714	703	685	675	668	661	649	639	620	608	604	589
Ebitda TTM	143	141	131	127	112	116	113	109	116	104	104	108
Operating Income TTM	98	86	76	64	51	46	13	-68	-148	-211	-215	-165
Net Income TTM	145	58	43	31	23	17	-5	-78	-159	-226	-233	-184
Growth Rates Quarterly
Total Revenue Growth	5.9%	10.8%	6.4%	4.3%	3.8%	7.9%	6.8%	14.7%	6.6%	2.9%	10.7%	10.2%
EBITDA Growth	3.9%	31.5%	14.9%	976.0%	-6.5%	10.2%	15.3%	-131.3%	25.5%	-1.4%	-14.2%	-22.7%
Operating Income Growth	29.6%	65.6%	129.4%	90.1%	14.5%	184.8%	113.3%	85.1%	223.1%	15.7%	-218.4%	-181.3%
Net Income Growth	238.0%	284.7%	1133.3%	45.7%	17.8%	129.8%	98.5%	82.0%	185.0%	28.3%	-196.1%	-121.4%
Margins Quarterly
EBITDA Margin	27.5%	22.9%	18.5%	8.7%	28.0%	19.3%	17.2%	-1.0%	31.1%	18.9%	15.9%	3.8%
Operating Income Margin	25.4%	14.0%	12.7%	-0.9%	20.7%	9.3%	5.9%	-9.3%	18.8%	-11.9%	-47.1%	-71.5%
Net Income Margin	59.9%	11.2%	6.4%	-6.2%	18.8%	3.2%	-0.7%	-11.9%	16.5%	-11.6%	-48.4%	-75.9%
Cash & Debt
Total Cash	553	482	426	430	483	387	326	253	326	311	266	237
Total Debt	626	625	619	617	609	619	623	626	607	680	719	760
Net Debt / (Cash)	73	143	193	187	126	231	297	373	280	370	453	524
Cash Flows Quarterly
FCF from Operations	128	87	19	3	115	91	90	-60	89	82	74	-31
Cash Flows TTM
FCF from Operations TTM	236	222	227	298	235	210	200	185	214	214	172	140
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	23	-0	4	19	6	9	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	13.8%	6.0%	5.0%	-0.3%	8.9%	3.1%	2.2%	-2.2%	7.9%	-3.9%	-15.9%	-20.0%
Return on Invested Capital (ROIC) TTM
ROIC TTM	6.5%	4.8%	4.0%	3.0%	2.8%	2.8%	0.6%	-3.6%	-8.9%	-12.0%	-11.8%	-8.8%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Provides a platform to all of its customers, buyers and sellers, that automates the purchase and	668	620	577	468	222
Total	668	620	577	468	222

Price Behavior

Price Behavior

Market Price	$12.46
Market Cap ($ Bil)	1.8
First Trading Date	04/02/2014
Distance from 52W High	-53.0%
	50 Days	200 Days
DMA Price	$12.31	$17.71
DMA Trend	down	down
Distance from DMA	1.2%	-29.6%
	3M	1YR
Volatility	63.1%	59.5%
Downside Capture	0.98	0.80
Upside Capture	103.90	148.68
Correlation (SPY)	22.0%	34.5%

MGNI Betas & Captures as of 3/31/2026

	1M	2M	3M	6M	1Y	3Y
Beta	0.64	1.56	1.12	1.42	1.79	1.88
Up Beta	0.14	-0.58	-0.63	1.01	1.86	1.75
Down Beta	-0.17	2.06	0.83	1.83	1.99	2.13
Up Capture	35%	145%	103%	47%	186%	682%
Bmk +ve Days	7	16	27	65	139	424
Stock +ve Days	10	22	30	61	130	371
Down Capture	142%	197%	196%	173%	136%	112%
Bmk -ve Days	12	23	33	58	110	323
Stock -ve Days	12	20	33	62	114	363

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with MGNI
MGNI	30.1%	59.4%	0.67	-
Sector ETF (XLC)	30.1%	13.9%	1.65	42.9%
Equity (SPY)	24.2%	12.9%	1.49	34.0%
Gold (GLD)	53.4%	27.6%	1.55	-6.8%
Commodities (DBC)	26.8%	16.2%	1.47	5.9%
Real Estate (VNQ)	18.7%	13.8%	1.00	12.2%
Bitcoin (BTCUSD)	-6.8%	42.9%	-0.05	21.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with MGNI
MGNI	-20.5%	76.0%	0.02	-
Sector ETF (XLC)	9.7%	20.7%	0.38	53.6%
Equity (SPY)	11.1%	17.0%	0.50	50.3%
Gold (GLD)	22.5%	17.8%	1.03	4.0%
Commodities (DBC)	11.7%	18.8%	0.51	10.7%
Real Estate (VNQ)	3.9%	18.8%	0.11	37.9%
Bitcoin (BTCUSD)	5.8%	56.5%	0.32	27.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with MGNI
MGNI	-4.0%	76.7%	0.29	-
Sector ETF (XLC)	9.6%	22.3%	0.51	49.3%
Equity (SPY)	14.0%	17.9%	0.67	43.9%
Gold (GLD)	14.3%	15.9%	0.75	2.2%
Commodities (DBC)	8.8%	17.6%	0.42	13.0%
Real Estate (VNQ)	5.4%	20.7%	0.23	32.7%
Bitcoin (BTCUSD)	67.7%	66.9%	1.07	16.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	3312026
Short Interest: Shares Quantity	10.8 Mil
Short Interest: % Change Since 3152026	-1.0%
Average Daily Volume	2.1 Mil
Days-to-Cover Short Interest	5.3 days
Basic Shares Quantity	143.7 Mil
Short % of Basic Shares	7.5%

Returns Analyses

	Title
0	Is Magnite Stock Built to Withstand a Pullback?

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
2/25/2026	12.6%	15.5%	-1.0%
11/5/2025	-13.1%	-16.9%	-12.8%
8/6/2025	-3.2%	1.6%	10.5%
5/7/2025	19.8%	33.5%	41.6%
2/26/2025	-1.8%	-14.1%	-27.0%
11/7/2024	0.9%	23.5%	24.3%
8/7/2024	-1.2%	-2.9%	1.7%
5/8/2024	3.7%	10.1%	45.3%
...
SUMMARY STATS
# Positive	12	15	15
# Negative	12	9	9
Median Positive	13.7%	11.0%	19.7%
Median Negative	-5.6%	-16.9%	-19.6%
Max Positive	65.6%	94.1%	92.0%
Max Negative	-35.1%	-32.4%	-38.2%

	Forward Returns
2/25/2026	12.6%	15.5%	-1.0%
11/5/2025	-13.1%	-16.9%	-12.8%
8/6/2025	-3.2%	1.6%	10.5%
5/7/2025	19.8%	33.5%	41.6%
2/26/2025	-1.8%	-14.1%	-27.0%
11/7/2024	0.9%	23.5%	24.3%
8/7/2024	-1.2%	-2.9%	1.7%
5/8/2024	3.7%	10.1%	45.3%
2/28/2024	14.8%	11.0%	2.7%
11/8/2023	-0.3%	7.3%	15.1%
8/9/2023	-35.1%	-32.4%	-34.8%
5/10/2023	26.1%	15.6%	42.6%
2/22/2023	-16.2%	-20.0%	-32.0%
11/9/2022	65.6%	94.1%	92.0%
8/9/2022	-1.4%	5.6%	-19.6%
5/4/2022	3.0%	-15.6%	2.2%
2/23/2022	18.4%	20.9%	19.7%
11/3/2021	-16.1%	-17.7%	-38.2%
8/5/2021	10.3%	2.2%	2.7%
5/10/2021	-3.4%	-10.5%	18.6%
2/5/2021	26.4%	42.1%	-14.6%
11/9/2020	-7.7%	1.6%	68.3%
8/10/2020	8.9%	5.9%	-10.1%
5/6/2020	-10.6%	-23.7%	25.1%
SUMMARY STATS
# Positive	12	15	15
# Negative	12	9	9
Median Positive	13.7%	11.0%	19.7%
Median Negative	-5.6%	-16.9%	-19.6%
Max Positive	65.6%	94.1%	92.0%
Max Negative	-35.1%	-32.4%	-38.2%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
12/31/2025	02/25/2026	10-K
09/30/2025	11/05/2025	10-Q
06/30/2025	08/06/2025	10-Q
03/31/2025	05/07/2025	10-Q
12/31/2024	02/26/2025	10-K
09/30/2024	11/07/2024	10-Q
06/30/2024	08/07/2024	10-Q
03/31/2024	05/08/2024	10-Q
12/31/2023	02/28/2024	10-K
09/30/2023	11/08/2023	10-Q
06/30/2023	08/09/2023	10-Q
03/31/2023	05/10/2023	10-Q
12/31/2022	02/22/2023	10-K
09/30/2022	11/09/2022	10-Q
06/30/2022	08/09/2022	10-Q
03/31/2022	05/04/2022	10-Q

Recent Forward Guidance [BETA]

Latest: Q3 2025 Earnings Reported 11/5/2025

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
Q4 2025 Total Contribution ex-TAC	191.00 Mil	193.50 Mil	196.00 Mil	18.7%		Higher New	Actual: 163.00 Mil for Q3 2025
Q4 2025 Contribution ex-TAC attributable to CTV	87.00 Mil	88.00 Mil	89.00 Mil	22.2%		Higher New	Actual: 72.00 Mil for Q3 2025
Q4 2025 Contribution ex-TAC attributable to DV+	104.00 Mil	105.50 Mil	107.00 Mil	15.9%		Higher New	Actual: 91.00 Mil for Q3 2025
Q4 2025 Adjusted EBITDA operating expenses	112.00 Mil	113.00 Mil	114.00 Mil	2.7%		Higher New	Actual: 110.00 Mil for Q3 2025
2025 Total Contribution ex-TAC growth		10.0%		0	0	Affirmed	Guidance: 10.0% for 2025
2025 Adjusted EBITDA growth		15.0%		0	0	Affirmed	Guidance: 15.0% for 2025
2025 Adjusted EBITDA margin expansion		1.8%			1.8%	Higher New
2026 Total Contribution ex-TAC growth		11.0%				Higher New
2026 Adjusted EBITDA margin		35.0%				Higher New

Prior: Q2 2025 Earnings Reported 8/6/2025

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
Q3 2025 Total Contribution ex-TAC	161.00 Mil	163.00 Mil	165.00 Mil
Q3 2025 Contribution ex-TAC attributable to CTV	71.00 Mil	72.00 Mil	73.00 Mil
Q3 2025 Contribution ex-TAC attributable to DV+	90.00 Mil	91.00 Mil	92.00 Mil
Q3 2025 Adjusted EBITDA operating expenses	109.00 Mil	110.00 Mil	111.00 Mil
2025 Total Contribution ex-TAC growth		10.0%
2025 Adjusted EBITDA growth		15.0%
2025 Free Cash Flow growth	19.0%	19.5%	20.0%

Insider Activity

Expand for More

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Soroca, Adam Lee	CHIEF PRODUCT OFFICER	Direct	Sell	12192025	17.00	16,656	283,152	5,543,938	Form
2	Buckley, Sean Patrick	President, Revenue	Direct	Sell	11262025	14.50	2,213	32,088	3,899,224	Form
3	Spillane, Robert F		Direct	Sell	11212025	14.22	12,500	177,750	766,700	Form
4	Buckley, Sean Patrick	President, Revenue	Direct	Sell	11182025	13.36	4,426	59,131	3,622,230	Form
5	Soroca, Adam Lee	CHIEF PRODUCT OFFICER	Direct	Sell	11182025	13.23	10,857	143,638	4,314,488	Form

Collapse to Preview

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Soroca, Adam Lee	CHIEF PRODUCT OFFICER	Direct	Sell	12192025	17.00	16,656	283,152	5,543,938	Form
2	Buckley, Sean Patrick	President, Revenue	Direct	Sell	11262025	14.50	2,213	32,088	3,899,224	Form
3	Spillane, Robert F		Direct	Sell	11212025	14.22	12,500	177,750	766,700	Form
4	Buckley, Sean Patrick	President, Revenue	Direct	Sell	11182025	13.36	4,426	59,131	3,622,230	Form
5	Soroca, Adam Lee	CHIEF PRODUCT OFFICER	Direct	Sell	11182025	13.23	10,857	143,638	4,314,488	Form
6	Caine, Paul		Direct	Sell	10282025	20.00	5,000	100,000	3,072,060	Form
7	Caine, Paul		Direct	Sell	9192025	25.00	7,500	187,500	3,965,075	Form
8	Saltz, Aaron	CHIEF LEGAL OFFICER	Direct	Sell	9192025	24.50	8,522	208,789	5,269,436	Form
9	Saltz, Aaron	CHIEF LEGAL OFFICER	Direct	Sell	9172025	23.94	6,180	147,949	5,353,008	Form
10	Caine, Paul		Direct	Sell	9122025	23.60	5,000	117,987	3,919,615	Form
11	Buckley, Sean Patrick	President, Revenue	Direct	Sell	9102025	25.56	20,000	511,200	7,851,853	Form
12	Buckley, Sean Patrick	President, Revenue	Direct	Sell	9102025	24.61	20,000	492,200	7,067,820	Form
13	Gephart, Brian	CHIEF ACCOUNTING OFFICER	Direct	Sell	9052025	24.71	27,671	683,750	2,295,510	Form
14	Buonasera, David	CHIEF TECHNOLOGY OFFICER	Direct	Sell	9042025	25.37	2,950	74,842	6,054,018	Form
15	Soroca, Adam Lee	CHIEF PRODUCT OFFICER	Direct	Sell	9042025	24.69	24,986	616,949	8,553,058	Form
16	Saltz, Aaron	CHIEF LEGAL OFFICER	Direct	Sell	8292025	26.07	12,403	323,346	5,990,391	Form
17	Evans, Katie Seitz	President, Operations	Direct	Sell	8292025	25.52	21,509	548,910	10,057,151	Form
18	Yu, Diane		Direct	Sell	8272025	25.23	20,000	504,600	1,702,546	Form
19	Caine, Paul		Direct	Sell	8262025	25.00	7,500	187,500	4,277,575	Form
20	Evans, Katie Seitz	President, Operations	Direct	Sell	8262025	26.00	8,345	216,970	10,805,548	Form
21	Gephart, Brian	CHIEF ACCOUNTING OFFICER	Direct	Sell	8202025	23.85	2,961	70,620	2,875,571	Form
22	Day, David	CHIEF FINANCIAL OFFICER	Direct	Sell	8202025	23.85	13,366	318,779	9,113,228	Form
23	Soroca, Adam Lee	CHIEF PRODUCT OFFICER	Direct	Sell	8202025	23.85	9,700	231,345	8,513,782	Form
24	Soroca, Adam Lee	CHIEF PRODUCT OFFICER	Direct	Sell	8202025	23.47	10,579	248,289	8,129,844	Form
25	Evans, Katie Seitz	President, Operations	Direct	Sell	8202025	23.85	10,487	250,115	10,111,041	Form
26	Saltz, Aaron	CHIEF LEGAL OFFICER	Direct	Sell	8202025	23.85	5,770	137,614	5,776,088	Form
27	Barrett, Michael G	CEO	Direct	Sell	8202025	23.85	35,951	857,431	5,959,089	Form
28	Buckley, Sean Patrick	President, Revenue	Direct	Sell	8202025	23.85	10,886	259,631	8,025,716	Form
29	Buckley, Sean Patrick	President, Revenue	Direct	Sell	8202025	23.42	9,315	218,157	7,662,860	Form
30	Buonasera, David	CHIEF TECHNOLOGY OFFICER	Direct	Sell	8202025	23.85	7,834	186,841	5,761,659	Form
31	Saltz, Aaron	CHIEF LEGAL OFFICER	Direct	Sell	8152025	23.34	13,860	323,492	5,787,246	Form
32	Lam, Rachel		Direct	Sell	8142025	22.25	15,000	333,750	5,046,790	Form
33	Caine, Paul		Direct	Sell	8132025	22.29	5,000	111,450	3,981,061	Form
34	Barrett, Michael G	CEO	Direct	Sell	7172025	23.27	70,900	1,649,843	6,650,752	Form
35	Caine, Paul		Direct	Sell	7112025	23.53	5,000	117,650	4,320,179	Form
36	Soroca, Adam Lee	CHIEF PRODUCT OFFICER	Direct	Sell	7082025	25.00	42,584	1,064,600	9,166,800	Form
37	Evans, Katie Seitz	President, Operations	Direct	Sell	7022025	23.32	24,495	571,164	10,129,854	Form
38	Saltz, Aaron	CHIEF LEGAL OFFICER	Direct	Sell	7022025	22.00	17,574	386,628	5,759,908	Form
39	Day, David	CHIEF FINANCIAL OFFICER	Direct	Sell	7022025	22.00	21,682	477,004	9,280,612	Form
40	Buonasera, David	CHIEF TECHNOLOGY OFFICER	Direct	Sell	7022025	22.00	9,289	204,358	5,487,086	Form
41	Soroca, Adam Lee	CHIEF PRODUCT OFFICER	Direct	Sell	6262025	20.00	44,519	890,380	8,018,540	Form
42	Caine, Paul		Direct	Sell	6262025	20.00	5,000	100,000	3,772,060	Form
43	Barrett, Michael G	CEO	Direct	Sell	6262025	20.01	300,000	6,003,000	7,137,727	Form
44	Day, David	CHIEF FINANCIAL OFFICER	Direct	Sell	6262025	19.95	35,000	698,250	8,848,384	Form
45	Day, David	CHIEF FINANCIAL OFFICER	Direct	Sell	6262025	20.95	36,000	754,200	9,291,912	Form
46	Rossman, James		Direct	Sell	6202025	18.78	137,007	2,572,991	1,759,292	Form
47	Day, David	CHIEF FINANCIAL OFFICER	Direct	Sell	6202025	18.95	38,146	722,867	8,404,856	Form
48	Evans, Katie Seitz	President, Operations	Direct	Sell	6182025	18.50	20,000	370,000	8,191,578	Form
49	Saltz, Aaron	CHIEF LEGAL OFFICER	Direct	Sell	6182025	17.50	16,788	293,790	4,889,290	Form
50	Barrett, Michael G	CEO	Direct	Sell	6182025	17.76	45,000	799,200	12,195,934	Form
51	Barrett, Michael G	CEO	Direct	Sell	6182025	19.00	30,000	570,000	12,477,452	Form
52	Spillane, Robert F		Direct	Sell	6122025	17.57	15,000	263,550	1,166,947	Form
53	Saltz, Aaron	CHIEF LEGAL OFFICER	Direct	Sell	6062025	16.71	15,328	256,131	4,949,101	Form
54	Evans, Katie Seitz	President, Operations	Direct	Sell	6062025	17.36	35,000	607,600	7,686,800	Form
55	Soroca, Adam Lee	CHIEF PRODUCT OFFICER	Direct	Sell	6062025	17.70	8,328	147,406	7,736,971	Form
56	Pearson, David T		Direct	Sell	6062025	17.60	11,512	202,611	1,337,054	Form
57	Buonasera, David	CHIEF TECHNOLOGY OFFICER	Direct	Sell	5282025	15.03	3,653	54,905	4,019,683	Form
58	Buonasera, David	CHIEF TECHNOLOGY OFFICER	Direct	Sell	5282025	16.00	8,742	139,872	4,139,232	Form
59	Soroca, Adam Lee	CHIEF PRODUCT OFFICER	Direct	Sell	5222025	17.00	8,328	141,576	7,430,989	Form
60	Soroca, Adam Lee	CHIEF PRODUCT OFFICER	Direct	Sell	5162025	15.73	11,366	178,787	6,875,850	Form
61	Buckley, Sean Patrick	President, Revenue	Direct	Sell	5162025	15.73	9,692	152,455	5,464,508	Form
62	Gephart, Brian	CHIEF ACCOUNTING OFFICER	Direct	Sell	5142025	16.16	6,334	102,357	2,045,452	Form
63	Gephart, Brian	CHIEF ACCOUNTING OFFICER	Direct	Sell	3052025	16.00	6,250	100,000	2,126,544	Form
64	Soroca, Adam Lee	CHIEF PRODUCT OFFICER	Direct	Sell	3052025	15.75	15,499	244,109	7,219,580	Form
65	Buckley, Sean Patrick	President, Revenue	Direct	Sell	2212025	19.13	10,527	201,382	7,088,775	Form
66	Caine, Paul		Direct	Sell	2122025	20.35	5,000	101,750	3,720,733	Form
67	Rossman, James		Direct	Sell	2072025	19.46	149,936	2,917,755	4,279,643	Form
68	Buckley, Sean Patrick	President, Revenue	Direct	Sell	2072025	20.00	18,693	373,860	8,170,580	Form
69	Evans, Katie Seitz	President, Operations	Direct	Sell	2072025	20.00	12,520	250,400	9,842,580	Form
70	Saltz, Aaron	CHIEF LEGAL OFFICER	Direct	Sell	2072025	19.75	17,947	354,453	6,529,942	Form
71	Day, David	CHIEF FINANCIAL OFFICER	Direct	Sell	2072025	18.35	13,245	243,046	8,964,085	Form
72	Day, David	CHIEF FINANCIAL OFFICER	Direct	Sell	2072025	20.00	39,000	780,000	9,770,120	Form
73	Soroca, Adam Lee	CHIEF PRODUCT OFFICER	Direct	Sell	2182026	12.00	21,529	258,348	4,661,100	Form

MGNI Trade Sentinel

Stock Conviction

null

CONVICTION RATIONALE

null

STOCK ARCHETYPE

null

INVESTMENT THESIS

null

Mechanism: null

Supporting Evidence:

PRIMARY RISK

null

Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

null

Diversification Alternatives

How Is The Market Pricing MGNI?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What MGNI Makes & Who Pays

TTM figures based on

MGNI Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Magnite (MGNI)

Market Price (4/15/2026): $12.455 | Market Cap: $1.8 BilSector: Communication Services | Industry: Advertising

Magnite (MGNI)

Market Price (4/15/2026): $12.455Market Cap: $1.8 BilSector: Communication ServicesIndustry: Advertising

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

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About Magnite (MGNI)

Michael Barrett Chief Executive Officer

David Day Chief Financial Officer

Katie Evans President, Operations

Adam Soroca Chief Product Officer

Sean Buckley President, Revenue

Global Programmatic Advertising Market

U.S. Programmatic Connected TV (CTV) Advertising Market

Global Sell-Side Platform (SSP) Market

Interactive Breakdown

Better Bets vs. Magnite (MGNI)

INDUSTRY: Advertising

Higher Rev Chg 3Y Avg | Lower P/S (Values for MGNI: 7.4% | 2.5x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MGNI: 7.4% | 18.3x)

Higher Rev Chg LTM (Value for MGNI: 6.9%)

Higher Rev Chg 3Y Avg (Value for MGNI: 7.4%)

Higher Op Mgn LTM (Value for MGNI: 13.7%)

Higher CFO/Rev LTM (Value for MGNI: 33.1%)

Higher FCF/Rev LTM (Value for MGNI: 21.3%)

Higher Total Yield (Value for MGNI: 8.1%)

SECTOR: Communication Services

Higher Rev Chg 3Y Avg | Lower P/S (Values for MGNI: 7.4% | 2.5x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MGNI: 7.4% | 18.3x)

Higher Rev Chg LTM (Value for MGNI: 6.9%)

Higher Rev Chg 3Y Avg (Value for MGNI: 7.4%)

Higher Op Mgn LTM (Value for MGNI: 13.7%)

Higher CFO/Rev LTM (Value for MGNI: 33.1%)

Higher FCF/Rev LTM (Value for MGNI: 21.3%)

Higher Total Yield (Value for MGNI: 8.1%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for MGNI: 7.4% | 2.5x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MGNI: 7.4% | 18.3x)

Higher Rev Chg LTM (Value for MGNI: 6.9%)

Higher Rev Chg 3Y Avg (Value for MGNI: 7.4%)

Higher Op Mgn LTM (Value for MGNI: 13.7%)

Higher CFO/Rev LTM (Value for MGNI: 33.1%)

Higher FCF/Rev LTM (Value for MGNI: 21.3%)

Higher Total Yield (Value for MGNI: 8.1%)

Best Bets in Communication Services

P/EBIT (Value for MGNI: 20.0x)

P/E (Value for MGNI: 12.4x)

Rev Chg 3Y Avg (Value for MGNI: 7.4%)

Rev Chg LTM (Value for MGNI: 6.9%)

Rev Chg Q (Value for MGNI: 5.9%)

FCF/Rev 3Y Avg (Value for MGNI: 26.0%)

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Market Price (4/15/2026): $12.455 | Market Cap: $1.8 Bil
Sector: Communication Services | Industry: Advertising

Market Price (4/15/2026): $12.455
Market Cap: $1.8 Bil
Sector: Communication Services
Industry: Advertising