STOCK TITAN
  1. Home
  2. News
  3. MGNI

Magnite Inc - MGNI STOCK NEWS

Welcome to our dedicated news page for Magnite (Ticker: MGNI), a resource for investors and traders seeking the latest updates and insights on Magnite.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Magnite's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Magnite's position in the market.

News
KERV Interactive Partners with Magnite to Deliver AI-Powered Interactive Video Ads Programmatically, at Scale
Rhea-AI Summary
KERV Interactive and Magnite (NASDAQ: MGNI) collaborate to offer immersive advertising experiences through AI-powered video ads, enhancing audience engagement and driving performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
Tags
partnership AI
-
News
Magnite to Announce First Quarter 2024 Financial Results on May 8, 2024
Rhea-AI Summary
Magnite (MGNI) to Announce First Quarter 2024 Financial Results on May 8, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.22%
Tags
earnings
-
News
Mediaocean and Magnite Strike Exclusive Partnership to Automate Media Planning, Execution, and Reconciliation in Streaming TV
Rhea-AI Summary
Magnite (MGNI) and Mediaocean form an exclusive partnership to enhance automation and supply path efficiency for CTV and OLV buyers. The integration allows Prisma users to access premium video inventory directly through Magnite's ClearLine solution, benefiting both buyers and sellers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.17%
Tags
partnership
News
Magnite Reports Fourth Quarter and Full-Year 2023 Results
Rhea-AI Summary
Magnite (MGNI) reports a 7% increase in total revenue, with a 6% rise in Contribution ex-TAC for Q4 2023. Adjusted EBITDA margin stands at 43%. Full-year 2023 CTV ad spend grows over 20%. Expectations for Q1 2024 include continued growth in revenue and EBITDA margin expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.8%
Tags
earnings
-
News
Magnite Announces Closing of New Senior Secured Revolving Credit and Term Loan Facilities
Rhea-AI Summary
Magnite (MGNI) announced the closing of $540.0 million of new senior secured credit facilities and the approval of a new $125.0 million common stock and convertible note repurchase program. The New Credit Facilities include a $365.0 million senior secured term loan facility and a $175.0 million senior secured revolving credit facility. The company used the proceeds to fully refinance existing facilities and pay associated fees. The New Term Loan Facility bears interest at Term SOFR + 4.5% and was issued with a 99.0% original issue discount. The New Revolving Credit Facility will bear interest at Term SOFR plus a margin ranging from 3.5% - 4.0%. The repurchase program allows the company to repurchase its common stock or convertible notes through February 1, 2026, depending on various factors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.22%
Tags
none
-
News
Magnite to Participate in the SIG Susquehanna Financial Group 13th Annual Technology Conference
Rhea-AI Summary
Magnite (MGNI) executives will attend and host in-person investor meetings at the SIG Susquehanna Financial Group 13th Annual Technology Conference in New York City on February 29, 2024, showcasing the company's commitment to engaging with investors and industry professionals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.24%
Tags
conferences
News
Magnite to Announce Fourth Quarter 2023 Financial Results on February 28, 2024
Rhea-AI Summary
Magnite (MGNI) will announce its Q4 2023 financial results on February 28, 2024, followed by a conference call to discuss the results and outlook. The company is the largest independent sell-side advertising company in the world.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.62%
Tags
earnings
-
News
Magnite Announces Intention to Refinance Existing Credit Facilities
Rhea-AI Summary
Magnite (NASDAQ: MGNI) plans to refinance its existing credit facilities with new senior secured term loan and revolving credit facilities, aiming for a seven-year and five-year maturity, respectively. The net proceeds will be used to repay the existing facilities, cover fees and expenses, and for general corporate purposes. As of December 31, 2023, the outstanding principal amount of the existing term loan was $351.0 million, and the company had $0 of outstanding borrowings under its existing revolving credit facility. The proposed refinancing is subject to market and other conditions, with no assurances of completion. Additionally, the company repurchased $70.0 million of the Convertible Notes in the fourth quarter of 2023, with approximately $205.1 million outstanding as of December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.13%
Tags
none
-
News
Tennis Australia Taps Magnite for Programmatic Advertising and Implements Demand Manager
Rhea-AI Summary
Magnite (MGNI) selected by Tennis Australia to provide Demand Manager as their Prebid header bidding wrapper solution. Tennis Australia will leverage Magnite’s DV+ platform and solely implement Demand Manager to monetise their display and mobile inventory programmatically for the first time and ahead of the Australian Open. The Australian Open attracts more than 900,000 people and delivers over $375 million in economic benefit to Melbourne each year, reaching a global audience of more than one billion households.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.11%
Tags
none
News
iHeartMedia and Magnite Unify Access to Broadcast and Digital Audio, Providing Advertisers with a Direct Path to Premium Inventory
Rhea-AI Summary
Magnite (MGNI) and iHeartMedia launch first-of-its-kind marketplace for programmatic media buys, providing access to iHeartMedia's broadcast radio, streaming radio, and podcast assets. Magnite's SpringServe technology enables data-driven real-time-bidding across iHeartMedia's vast audio inventory through a single activation channel. iHeartMedia reaches 90% of US adults monthly with its broadcast stations alone and its streaming radio and podcasts reach 57 million consumers, making it the largest digital audio company. The partnership aims to expand programmatic access to iHeart's audio assets and improve campaign efficacy by using real-time data to message the audience in the most engaging way possible.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Stock MGNI logo
Magnite Inc

Nasdaq:MGNI

MGNI Rankings

#2242 Ranked by Market Cap
#2647 Ranked by Stock Gains
N/A Ranked by Dividends

MGNI Stock Data

1.28B
124.34M
11.34%
75.43%
4.32%
Advertising Agencies
Professional, Scientific, and Technical Services
Link
US
Los Angeles

About MGNI

we’re magnite (nasdaq: mgni), the world’s largest independent sell-side advertising platform. publishers use our technology to monetize their content across all screens and formats including ctv, online video, display, and audio. the world's leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. in april 2021 we acquired spotx to further enhance our ctv business and better help our clients in this rapidly growing market. anchored in sunny los angeles, bustling new york city, mile high denver, historic london, and down under in sydney, magnite has offices across north america, emea, latam, and apac.