Magnite Revenue Beats, EPS Falls Short
Magnite reported mixed results for Q4 2024, with revenue exceeding expectations but earnings per share coming up short.
Magnite (NASDAQ:MGNI), an ad tech innovator, unveiled its earnings results for the fourth quarter of 2024 on February 26, 2025.
The watchword was 'mixed;' revenue outperformed expectations at $194 million compared to the estimated $184 million, yet non-GAAP EPS fell short, hitting $0.34 instead of the forecasted $0.36.
This quarter highlighted buoyant results in Connected TV (CTV) despite mixed outcomes elsewhere, reflecting Magnite's strategic efficiency in this area and the need to spark dynamism outside it.
