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Chris L

Why Magnite (MGNI) is On Sale -17.7%

Magnite is down post-earnings. This firm posted a strong outlook.

$MGNI, Magnite, Inc. / H1


$140M ex-TAC revenue for Q4 (~$175M gross revenue vs their $132M gross in Q3) and a 43% EBITDA margin — outlook not reduced at all. Also no change to their outlook for “well in excess of $500M revenue in 2022."

$TTD down in sympathy:

$TTD, The Trade Desk, Inc. / H1

$APPS is recovering after the shorts locked gains post earnings:

$APPS, Digital Turbine, Inc. / H1


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