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Sep 30, 2022
Magnite Q3 2022 Earnings Report
Magnite reported strong Q3 2022 results with revenue growth and CTV revenue exceeding guidance.
Key Takeaways
Magnite reported Q3 2022 results with a revenue of $145.8 million, up 11% year-over-year. Revenue ex-TAC was $127.7 million, up 12% year-over-year. CTV revenue ex-TAC grew 29% year-over-year and represents 44% of total revenue. The Adjusted EBITDA margin was 35%.
Revenue of $145.8 million, up 11% year-over-year.
Revenue ex-TAC of $127.7 million, up 12% year-over-year.
CTV Revenue ex-TAC grew 29% year-over-year and represents 44% of total Adjusted EBITDA Margin of 35%.
Adjusted EBITDA of $44.4 million, up 11% over Adjusted EBITDA of $40.0 million in Q3 2021.
Magnite
Magnite
Forward Guidance
The company expects Revenue ex-TAC for Q4 2022 to be between $151 million and $157 million and Revenue ex-TAC attributable to CTV for Q4 2022 to be between $63 million and $65 million.