Magnite tops earnings and revenue estimates in latest quarterly report
· 58m ago · Originally reported by Investing.com
Magnite reported quarterly results that beat analyst expectations, with earnings per share exceeding consensus by $0.04 and revenue also coming in above estimates. The seller-side ad tech platform did not provide further detail in the excerpt.
Why it matters
Magnite is one of the largest programmatic sellers, so its results are a signal of health for the open-web programmatic market.
Explain it like I’m new here
Magnite, a company that helps websites sell ad space, made a bit more money than the experts guessed it would.
Read the original at Investing.com
Terms in this story
Form 10-Q
Form 10-Q is the quarterly report US public companies file with the SEC for each of the first three fiscal quarters, containing unaudited financial statements and management's discussion of results.
Earnings report
An earnings report is the periodic announcement, usually quarterly, in which a public company discloses its revenue, profit and other key results, often with an investor call and updated guidance.
Publisher
A publisher is any owner of content or a digital property, such as a website, app, streaming service, podcast or screen network, that earns money by selling ad space to advertisers.
Ad tech
Ad tech is the software and infrastructure that decides which ad appears where, buys and sells that ad space, delivers the ad, and measures what happened afterwards.
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