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Magnite: Q1 Earnings Insights

Magnite (NASDAQ:MGNI) reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:05 PM. Here’s what investors…
byBenzinga Insights
May 10, 2023
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Magnite (NASDAQ:MGNI) reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:05 PM.

Here’s what investors need to know about the announcement.

Earnings

Magnite beat estimated earnings by 200.0%, reporting an EPS of $0.04 versus an estimate of $-0.04.

Revenue was up $12.07 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.08 which was followed by a 16.16% drop in the share price the next day.

Here’s a look at Magnite’s past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.32 0.14 0.17 0.08
EPS Actual 0.24 0.18 0.14 0.08
Revenue Estimate 153.73M 124.36M 124.80M 107.01M
Revenue Actual 175.40M 145.81M 137.78M 118.08M

To track all earnings releases for Magnite visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

 
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