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Dec 31, 2019
Magnite Q4 2019 Earnings Report
Revenue increased and net income was positive.
Key Takeaways
Rubicon Project reported a strong Q4 2019, with revenue up 17% year-over-year and a return to profitability with net income of $1.5 million. The company also highlighted its strong adjusted EBITDA margin of 32% and free cash flow generation. The merger with Telaria is expected to close in early April 2020.
Q4 2019 revenue was $48.5 million, a 17% increase year-over-year.
Net income for Q4 2019 was $1.5 million, compared to a net loss in Q4 2018.
Adjusted EBITDA was $15.3 million, representing a 32% margin.
Non-GAAP income per share was $0.17, up from $0.03 in Q4 2018.
Magnite
Magnite
Forward Guidance
The company expects revenue for Q1 2020 to be between $37.0 to $38.0 million (for stand-alone Rubicon Project).