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Magnite Q4: Ad Budgets Weigh on Growth, Bottom Line Miss

Beth KindigFEB 23, 20235 Min Read

Magnite beat on revenue in the current quarter and raised top line guidance for Q1. The expectation was that Magnite would report GAAP profitability this quarter. However, the company reported GAAP EPS of ($0.27) compared to GAAP EPS estimates of $0.02. The adjusted EPS also missed at $0.24 versus $0.32 expected.

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Magnite Q4: Ad Budgets Weigh on Growth, Bottom Line Miss

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