On May 29, Craig-Hallum will be organizing a crucial meeting in Minneapolis, where Magnite (MGNI, Financial) is expected to participate. This event provides an opportunity for investors to gain a deeper understanding of the company's performance and forward outlook. Market participants often view such gatherings as critical for evaluating potential investment decisions, particularly in determining the resilience and market value of stocks like MGNI.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Magnite Inc (MGNI, Financial) is $18.93 with a high estimate of $24.00 and a low estimate of $13.00. The average target implies an upside of 22.67% from the current price of $15.43. More detailed estimate data can be found on the Magnite Inc (MGNI) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, Magnite Inc's (MGNI, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Magnite Inc (MGNI, Financial) in one year is $12.57, suggesting a downside of 18.54% from the current price of $15.43. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Magnite Inc (MGNI) Summary page.
MGNI Key Business Developments
Release Date: May 07, 2025
- Total Revenue: $156 million, up 4% from Q1 2024.
- Contribution ex-TAC: $146 million, up 12% year-over-year.
- CTV Contribution ex-TAC: $63 million, up 15% year-over-year.
- DV+ Contribution ex-TAC: $83 million, up 9% year-over-year.
- Adjusted EBITDA: $37 million, up 47% year-over-year, with a margin of 25%.
- Net Loss: $10 million, compared to a net loss of $18 million in Q1 2024.
- Non-GAAP Earnings Per Share: $0.12, compared to $0.05 last year.
- Cash Balance: $430 million at the end of Q1.
- Operating Cash Flow: $18 million.
- Capital Expenditures: $19 million.
- Net Leverage: 0.6x at the end of Q1.
- Interest Savings: Annual savings of approximately $2.7 million from term loan repricing.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Magnite Inc (MGNI, Financial) exceeded its Q1 2025 top-line guidance with CTV growing 15% and DV+ growing 9%.
- Adjusted EBITDA significantly surpassed expectations, reaching $37 million, a 47% increase, with a margin of 25%.
- The company has strengthened its relationships with major industry players like Netflix, Roku, and LG, contributing to its CTV growth.
- Magnite Inc (MGNI) launched the next generation of SpringServe, enhancing its ad server capabilities and offering a unified solution for buyers and media owners.
- The company is well-positioned to benefit from potential changes in the ad tech landscape due to the recent antitrust ruling against Google.
Negative Points
- Magnite Inc (MGNI) is cautious about potential macroeconomic uncertainties, including tariff-related impacts, which could dampen growth rates.
- The company reported a net loss of $10 million for Q1 2025, although this was an improvement from the previous year.
- There is a potential risk of softening in high-risk verticals such as auto, retail, and travel due to economic uncertainties.
- Despite strong performance, the company is not reaffirming its full-year 2025 expectations due to economic uncertainties.
- Magnite Inc (MGNI) experienced a decrease in cash balance from $483 million to $430 million at the end of Q1, attributed to seasonality and share repurchases.
