Magnite (NASDAQ:MGNI) reported its Q3 earnings results on Wednesday, November 8, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Magnite beat estimated earnings by 50.0%, reporting an EPS of $0.12 versus an estimate of $0.08.
Revenue was up $4.27 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 35.09% drop in the share price the next day.
Here’s a look at Magnite’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.03 | -0.04 | 0.32 | 0.14 |
| EPS Actual | 0.09 | 0.04 | 0.24 | 0.18 |
| Revenue Estimate | 134.28M | 110.91M | 153.73M | 124.36M |
| Revenue Actual | 152.54M | 130.15M | 175.40M | 145.81M |
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.
