Magnite Third Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St.11-09

Magnite (NASDAQ:MGNI) Third Quarter 2024 Results Key Financial Results Revenue: US$162.0m (up 7.9% from 3Q 2023). Net income: US$5.21m (up from US$17.5m loss in 3Q 2023). Profit margin: 3.2% (up from...

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The move to profitability was primarily driven by higher revenue.NasdaqGS:MGNI Earnings and Revenue Growth November 9th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  exceeded analyst estimates.Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Media industry in the US.The company's shares are up 9.7% from a week ago.Don't forget that there may still be risks. For instance, we've identified   1 warning sign for Magnite  that you should be aware of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MGNI":"Magnite, Inc."},"translate_title":"Magnite 2024年第三季度收益：每股收益超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MGNI":0.9},"content_text":"Magnite (NASDAQ:MGNI) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$162.0m (up 7.9% from 3Q 2023).\nNet income: US$5.21m (up from US$17.5m loss in 3Q 2023).\nProfit margin: 3.2% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue.\nEPS: US$0.037 (up from US$0.13 loss in 3Q 2023).\n\n\n\n\n  NasdaqGS:MGNI Earnings and Revenue Growth November 9th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nMagnite EPS Beats Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. \n Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Media industry in the US. \nPerformance of the American Media industry.\n The company's shares are up 9.7% from a week ago. \nRisk Analysis\n Don't forget that there may still be risks. For instance, we've identified   1 warning sign for Magnite  that you should be aware of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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