Magnite Inc
MGNI: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Tm | LOCK|%g | LOCK|V^^%BD> |
Magnite Earnings: CTV Monetization Shows Promise, but Scale Disadvantages May Restrain Growth
Magnite reported fourth-quarter revenue, excluding traffic acquisition costs, or ex-TAC, and streaming television, or CTV, revenue, ex-TAC, growth of 8% and 20%, respectively, both beating management’s expectations of 7% and 13%. Non-CTV growth was weaker than expected.
