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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
Magnite Integrates Snowflake’s Media Data Cloud to Enhance Secure Data Activation for Agencies, Advertisers and Media Owners Across Magnite’s Streaming Supply
Rhea-AI Summary
Magnite partners with Snowflake to enable data connectivity and audience activation in Magnite Access, benefiting agencies, advertisers, and media owners.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.27%
Tags
none
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News
Magnite Announces Global Partnership with Scope3 to Improve Sustainability Across Omnichannel Advertising
Rhea-AI Summary
Magnite announces global partnership with Scope3 to make carbon emissions data available across its inventory.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.87%
Tags
partnership
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News
Magnite Inks Deal With Mediaocean to Boost Access to CTV For Local Linear Buyers
Rhea-AI Summary
Magnite partners with Mediaocean to provide direct access to streaming and CTV inventory for local linear buyers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.72%
Tags
none
News
Magnite and SpringServe Support FAST Ad Management for Virgin Media TV Services
Rhea-AI Summary
Magnite selected as preferred SSP for Virgin Media's FAST channels, expected to capitalize on the rise in ad-supported streaming. 82% of streaming audiences in EU5 watch ad-supported content. Collaboration to enhance monetization opportunities and optimize viewer experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.97%
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none
-
News
Magnite to Participate in Upcoming Financial Conferences
Rhea-AI Summary
Magnite executives to participate in upcoming financial conferences and virtual events.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.97%
Tags
conferences
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News
Magnite Reports Second Quarter 2023 Results
Rhea-AI Summary
Magnite (MGNI) reports an 11% growth in total revenue and a 9% growth in contribution ex-TAC for the quarter ended June 30, 2023. The company also reported an 8% year-over-year growth in contribution ex-TAC attributable to CTV and a 10% growth in contribution ex-TAC attributable to DV+. However, Magnite also reported a net loss of $73.9 million, with a loss per share of $0.54, compared to a net loss of $25.0 million in Q2 2022, for a loss per share of $0.19. Adjusted EBITDA was reported at $37.3 million, representing a 28% Adjusted EBITDA margin. The company also repurchased $40.2 million of convertible notes during the quarter, over $90 million or 23% of total now retired.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-35.09%
Tags
earnings
News
Attain Partners with Magnite to Introduce Real-Time Sales Measurement for Video Advertising
Rhea-AI Summary
Magnite (NASDAQ: MGNI) partners with Attain, the largest U.S. permissioned purchase panel, to provide video buyers with real-time measurement capabilities tied to premium video ad buys. This partnership aims to enable advertisers to correlate online video and connected TV ad spend to performance metrics using Attain's real-time commerce data, thus empowering advertisers to capitalize on consumer attention.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.19%
Tags
partnership
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News
Magnite Announces Integration into FreeWheel’s TV Platform, Allowing Publishers a More Aggregated View of Demand Across the Premium TV Ecosystem
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.68%
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none
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News
Magnite Research Uncovers Ads on TV, Including Streaming Services, Generate a High Level of Trust and Recall in Australia
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.68%
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none
News
Magnite Appoints Yael Milbank as New ANZ Managing Director
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.01%
Tags
management
Stock MGNI logo
Magnite Inc

Nasdaq:MGNI

MGNI Rankings

#2260 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.