MGNI — Magnite Inc
NASDAQ · Communication Services · Advertising Agencies
$23.12
+$0.23 (+0.99%)
Magnite Inc (MGNI) is a advertising agencies company listed on NASDAQ. It is led by Michael G. Barrett, based in 1250 Broadway, New York, NY, United States, 10001, with about 905 employees. Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory, or publishers that own and operate CTV channels, applications, websites, and other digital media properties to manage and monetize their inventory; and for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that brings buyers and sellers together. It markets its solutions through sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.
Latest reported MGNI revenue for 2025-09-30 was $179.5M. Net income was $20.1M. Revenue was up 3.6% from 2025-06-30 to 2025-09-30. MGNI currently screens at market cap $2.14B and trailing P/E 37.2.
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About Magnite Inc
Magnite, Inc., together with its subsidiaries, operates an independent omni-channel sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory, or publishers that own and operate CTV channels, applications, websites, and other digital media properties to manage and monetize their inventory; and for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory, as well as an independent marketplace that brings buyers and sellers together. It markets its solutions through sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.
MGNI Key Statistics
Market Cap
$2.14B
Volume
1.20M
Previous Close
$24.19
Day Range
$23.50 – $23.92
P/E Ratio
37.16
EPS
$0.16
Revenue
$668.17M
Net Income
$22.79M
Gross Profit
$0.00
Free Cash Flow
$0.00
Revenue Growth
+7.8%
Profit Margin
3.4%
Debt to Equity
0.00
Employees
905
MGNI Financials
Annual income statement in USD. Latest reported periods first.
| Line | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Revenue | $668.17M | $619.71M | $577.07M | $468.41M |
| Cost of Revenue | $0.00 | $0.00 | $0.00 | $0.00 |
| Gross Profit | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Net Income | $22.79M | -$159.18M | -$130.32M | $65.00K |
| EPS (Diluted) | $0.16 | -$1.17 | -$0.98 | $0.00 |
Total Assets
$2.85B
Total Debt
$0.00
Shareholders' Equity
$768.22M
Cash & Equivalents
$483.22M
Operating Cash Flow
$235.20M
Free Cash Flow
$0.00
Magnite Inc Company Information
- CEO & Director
- Michael G. Barrett
- Headquarters
- 1250 Broadway, New York, NY, United States, 10001
- Website
- www.magnite.com
- Phone
- 212 243 2769
- IPO / Founded
- 2014-04-02
- Sector
- Communication Services
- Industry
- Advertising Agencies