Magnite, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2022
February 23, 2022 at 04:05 pm EST
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Magnite, Inc. provided earnings guidance for the first quarter and full year of 2022. For the quarter, the company expects Revenue ex-TAC for First Quarter 2022 to be between $105 and $109 million. Revenue ex-TAC attributable to CTV for First Quarter 2022 to be between $40 and $42 million.
For the year, the company expects Revenue ex-TAC for full year 2022 to be well over $500 million.
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. 
