Magnite (FRA:15R) Tax Rate % : 6.78% (As of Dec. 2023)

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What is Magnite Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Magnite's Tax Expense for the three months ended in Dec. 2023 was €2.1 Mil. Magnite's Pre-Tax Income for the three months ended in Dec. 2023 was €30.4 Mil. Therefore, Magnite's Tax Rate % for the quarter that ended in Dec. 2023 was 6.78%.

Magnite Tax Rate % Historical Data

The historical data trend for Magnite's Tax Rate % 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.

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Magnite Tax Rate % Chart

Magnite Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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5.60

-1.31

100.07

3.89

-1.04

Magnite Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															6.98	0.31	-0.91	5.24	6.78

Magnite Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Magnite's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	1.501	/	-144.471
	=	-1.04 %

Magnite's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	2.063	/	30.411
	=	6.78 %

Magnite Tax Rate % Related Terms

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Magnite (FRA:15R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Magnite Inc (FRA:15R) » Definitions » Tax Rate %

Comparable Companies

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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