NEW YORK (AP) _ Magnite, Inc. (MGNI) on Wednesday reported fourth-quarter earnings of $453,000.

On a per-share basis, the New York-based company said it had profit of less than 1 cent. Earnings, adjusted for one-time gains and costs, came to 26 cents per share.

The digital ad exchange operator posted revenue of $161.3 million in the period.

For the year, the company reported net income of $65,000, swinging to a profit in the period. Revenue was reported as $468.4 million.

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