Page 1

Magnite Reports First Quarter 2021 Results investor.magnite.com/news-releases/news-release-details/magnite-reports-first-quarter-2021-results Press Release View printer - friendly version Back Magnite Total Revenue of $ 60.7 million for Q1 , up 67 % Year over Year Newly Acquired SpotX Accelerates CTV Scale and Growth LOS ANGELES , May 10 , 2021 ( GLOBE NEWSWIRE ) -- Magnite , Inc. ( Nasdaq : MGNI ) , the world's largest independent omnichannel sell - side advertising platform , today reported its results of operations for the quarter ended March 31 , 2021. First quarter 2021 financial results of Magnite represent the combined performance of Magnite and Telaria , which merged on April 1 , 2020. First quarter 2020 comparative numbers do not include results from Telaria , unless noted as pro - forma . Recent Magnite Highlights SpotX acquisition closed on April 30 , 2021 • Revenue was $ 60.7 million for Q1 2021 , up 67 % from Q1 2020 on an as reported basis and up 18 % on a pro - forma basis ( 1 ) • CTV revenue for Q1 2021 was $ 12.0 million up 32 % year over year on a pro - forma basis ( 1 ) • Net loss for Q1 2021 was $ 12.9 million , or loss per share of $ 0.11 , compared to net loss of $ 9.7 million , or loss per share of $ 0.18 for Q1 of 2020 Adjusted EBITDA ( 2 ) was $ 9.4 million for Q1 2021 for a margin of 15 % , as compared to Adjusted EBITDA of $ 2.8 million for Q1 of 2020 • Non - GAAP income per share ( 2 ) was $ 0.03 for Q1 2021 , compared to $ 0.06 non GAAP loss per share for Q1 of 2020 Recent SpotX Highlights ( preliminary & unaudited ) : • Revenue was $ 48.0 million for Q1 2021 , up 66 % over Q1 2020 • Revenue excluding Traffic Acquisition Costs ( Revenue ex - TAC ) ( 2 ) for Q1 was $ 31.2 million , up 45 % year over year , of which $ 19.7 million was attributable to CTV , up 70 % year over year ● Expectations : ● • Revenue ex - TAC ( 2 ) for Q2 2021 to be between $ 92 million to $ 96 million , which does not include SpotX results for April , the pre - acquisition period 1/18