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Magnite (LTS:0A99) Deferred Tax : $-3.9 Mil (TTM As of Sep. 2024)


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What is Magnite Deferred Tax?

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

Magnite's change in deferred tax for the three months ended in Sep. 2024 was $0.9 Mil. Its change in deferred tax for the trailing twelve months (TTM) ended in Sep. 2024 was $-3.9 Mil.

Magnite Deferred Tax Historical Data

The historical data trend for Magnite's Deferred Tax can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Magnite Deferred Tax Chart

Magnite Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Deferred Tax
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.60 0.79 -98.77 -8.80 -2.38

Magnite Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Deferred Tax Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.90 -1.70 -7.77 4.67 0.93

Magnite Deferred Tax Calculation

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

Deferred Tax for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.9 Mil.


* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Magnite Deferred Tax Related Terms

Thank you for viewing the detailed overview of Magnite's Deferred Tax provided by GuruFocus.com. Please click on the following links to see related term pages.

Magnite Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Magnite Inc (LTS:0A99) » Definitions » Deferred Tax
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Traded in Other Exchanges
MGNI:USA MGNI:Mexico 15R:Germany
Address
1250 Broadway, 15th Floor, New York, NY, USA, 10001
Website
https://investor.magnite.com
Magnite is one of the largest supply-side platform providers, or SSP, in online advertising. The firm was previously named The Rubicon Project (an online ad exchange) and became Magnite after merging with Telaria (an SSP focused mainly on streaming video providers) in 2020. The firm also purchased another of the leading SSPs within the CTV market, SpotX, in 2021 for $1.2 billion, cementing its long-term focus on grabbing market share in this area. The firm generates nearly 45% of its revenue from the programmatic sale of CTV ad inventory, 35% from mobile online sites and apps, and the remaining from websites accessed via computer.

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