Magnite Aktie News

Promotions to Further Sharpen Company's Strategic Focus, Drive Momentum Promotions to Further Sharpen Company's Strategic Focus, Drive Momentum

Major OEM to leverage Magnite's Streaming SSP and SpringServe ad server to power programmatic execution of new ad formats Major OEM to leverage Magnite's Streaming SSP and SpringServe ad server to power programmatic execution of new ad formats

BidLink solution within Magnite's SpringServe ad server to support WeTV in scaling programmatically BidLink solution within Magnite's SpringServe ad server to support WeTV in scaling programmatically

Leading consumer electronics brand to leverage Magnite's ad server and SSP to enhance the viewer experience and capture the full value of their inventory Leading consumer electronics brand to leverage Magnite's ad server and SSP to enhance the viewer experience and capture the full value of their inventory

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 ...

NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Magnite (Nasdaq: MGNI), the largest independent sell-side advertising company, today announced that members of its executive team will participate in the following financial conferences:

Expands scope to include LATAM inventory, podcasts, and live sports in streaming Expands scope to include LATAM inventory, podcasts, and live sports in streaming

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.