Magnite Q2 2022 Earnings Report
Key Takeaways
Magnite reported Q2 2022 results with revenue of $137.8 million, up 20% year-over-year. Revenue ex-TAC was $123.3 million, up 23% year-over-year. CTV revenue ex-TAC was $52.1 million, up 52% year-over-year. The company reported a net loss of $25.0 million, and adjusted EBITDA of $41.3 million, up 30% year-over-year.
Revenue reached $137.8 million, a 20% increase year-over-year.
Revenue ex-TAC totaled $123.3 million, reflecting a 23% increase year-over-year.
CTV contributed $52.1 million in revenue ex-TAC, marking a 52% increase year-over-year.
Adjusted EBITDA increased by 30% year-over-year, reaching $41.3 million.
Magnite
Magnite
Magnite Revenue by Segment
Forward Guidance
Magnite expects Q3 2022 Revenue ex-TAC to be between $122 million and $126 million, CTV Revenue ex-TAC to be between $52 million and $54 million and Adjusted EBITDA operating expenses to be between $85 and $87 million. They expect full year 2022 Revenue ex-TAC to exceed $500 million and free cash flow to exceed $100 million and total capital expenditures to be approximately $45 million.
Positive Outlook
- Q3 2022 Revenue ex-TAC to be between $122 million and $126 million
- Q3 2022 Revenue ex-TAC attributable to CTV to be between $52 million and $54 million
- Revenue ex-TAC for full-year 2022 to exceed $500 million
- Free cash flow for the full-year 2022 to exceed $100 million
- Total capital expenditures for 2022 to be approximately $45 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income