Magnite, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 05, 2021 at 04:05 pm EDT
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Magnite, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 114.541 million compared to USD 42.348 million a year ago. Operating loss was USD 46.981 million compared to USD 40.562 million a year ago. Net income was USD 36.808 million compared to net loss of USD 39.128 million a year ago. Basic earnings per share from continuing operations was USD 0.29 compared to basic loss per share from continuing operations of USD 0.36 a year ago. Diluted earnings per share from continuing operations was USD 0.26 compared to diluted loss per share from continuing operations of USD 0.36 a year ago. For the half year, sales was USD 175.256 million compared to USD 78.643 million a year ago. Operating loss was USD 60.757 million compared to USD 51.289 million a year ago. Net income was USD 23.931 million compared to net loss of USD 48.803 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to basic loss per share from continuing operations of USD 0.6 a year ago. Diluted earnings per share from continuing operations was USD 0.18 compared to diluted loss per share from continuing operations of USD 0.6 a year ago.
Magnite, Inc. is an independent sell-side advertising company. The Company provides technology solutions to automate the purchase and sale of digital advertising inventory. Its platform features applications and services for sellers of digital advertising inventory, or publishers, that own and operate connected television (CTV) channels, applications, websites and other digital media properties, to manage and monetize their inventory; applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms, (DSPs), to buy digital advertising inventory; and a transparent, independent marketplace that brings buyers and sellers together and facilitates intelligent decision making and automated transaction execution at scale. The Company's streaming sell-side advertising platform (SSP) and ad server offers CTV sellers a holistic solution for workflow, yield management and monetization, across both programmatic and direct-sold video inventory.
MAGNITE, INC. 
