Magnite Tops Q3 Earnings and Revenue Estimates
· 5h ago · Originally reported by Yahoo Finance
Ad-tech company Magnite reported third-quarter results that came in ahead of analyst expectations for both earnings and revenue, according to Yahoo Finance. The excerpt did not include specific figures or further commentary.
Why it matters
Magnite is one of the largest sellers of programmatic advertising, including CTV inventory, so its results are a barometer for the health of the open-web ad market.
Explain it like I’m new here
It's like a lemonade stand that sold more lemonade and made more profit than everyone predicted this quarter.
Read the original at Yahoo Finance
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