It is important to note that the particular items we exclude from, or include in, our non-GAAP financial measures may differ from the items excluded from, or included in, similar non-GAAP financial measures used by other companies. Magnite (NASDAQ: MGNI), the largest independent sell-side advertising platform, today reported its results of operations for the fourth quarter and … This press release and management's prepared remarks during the conference call referred to above include, and management's answers to questions during the conference call may include, forward-looking statements, including statements based upon or relating to our expectations, assumptions, estimates, and projections. “We had a strong finish to 2020, led by contributions from CTV and OLV formats,” said Michael G. Barrett, President and CEO of Magnite. SpotX Adjusted EBITDA is defined as net income (loss) adjusted to exclude depreciation and amortization, interest income or expense, and other cash and non-cash based income or expenses that are not considered indicative of core operating performance, including, but not limited to foreign exchange gains and losses, acquisition-related expenses, non-recurring related party revenue, non-operational real estate expense (income), net, and provision (benefit) for income taxes. No. Magnite, Inc., whose market valuation is $4.54 Billion at the time of this writing, is expected to release its quarterly earnings report May 04, 2021- May 10, 2021. Adjusted EBITDA provides a measure of consistency and comparability with our past performance that many investors find useful, facilitates period-to-period comparisons of operations, and also facilitates comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. Stock-based compensation is a non-cash charge and will remain an element of our long-term incentive compensation package, although we exclude it as an expense when evaluating our ongoing operating performance for a particular period. Aug 10, 2020 4:05PM EDT. In periods in which we have non-GAAP income, non-GAAP weighted-average shares outstanding used to calculate non-GAAP earnings per share includes the impact of potentially dilutive shares. And the world's leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. (3) Non-GAAP income (loss) per share is computed using the same weighted-average number of shares that are used to compute GAAP net income (loss) per share in periods where there is both a non-GAAP loss and a GAAP net loss. Adjusted EBITDA should not be considered as an alternative to net income (loss), income (loss) from operations, or any other measure of financial performance calculated and presented in accordance with GAAP. 24.02.2021 - Magnite (NASDAQ: MGNI), the largest independent sell-side advertising platform, today reported its results of operations for the fourth quarter and … These forward-looking statements represent our estimates and assumptions only as of the date of the report in which they are included. Non-GAAP income (loss) is equal to net income (loss) excluding stock-based compensation, cash and non-cash based acquisition and related expenses, including amortization of acquired intangible assets, merger related severance costs, transaction expenses, non-operational real estate expenses or income, and foreign currency gains and losses. We discuss many of these risks and additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," and elsewhere in filings we have made and will make from time to time with the Securities and Exchange Commission, or SEC, including our Annual Report on Form 10-K for the year ended December 31, 2020, and subsequent Quarterly Reports on Form 10-Q for 2021. Potentially dilutive shares consist of stock options, restricted stock awards, restricted stock units, and potential shares issued under the Employee Stock Purchase Plan, each computed using the treasury stock method. Changes in operating assets and liabilities, net of effect of business acquisitions: Net cash (used in) provided by operating activities, Capitalized internal use software development costs, Maturities of available-for-sale securities, Net cash provided by (used in) investing activities, Proceeds from issuance of common stock under employee stock purchase plan, Taxes paid related to net share settlement, Net cash provided by (used in) financing activities, EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH, CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH, CASH, CASH EQUIVALENTS AND RESTRICTED CASH — Beginning of period, CASH, CASH EQUIVALENTS AND RESTRICTED CASH — End of period, RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO CONSOLIDATED BALANCE SHEETS, Restricted cash included in other asset, non-current, Total cash, cash equivalents and restricted cash, CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS-(Continued). Subject: Magnite 4th Quarter Earnings Date: 2/24/2021 4:50 PM Post New | Post Reply | Reply Later | Create Poll. These non-GAAP measures include Adjusted EBITDA, Non-GAAP Income (Loss), and Non-GAAP Earnings (Loss) per share, each of which is discussed below. This compares … Year over year comparisons on an as reported basis do not include the results of Telaria for Q4 2019. Impairment charges are non-cash charges related to goodwill, intangible assets and/or long-lived assets. Non-GAAP Income (Loss) and Non-GAAP Earnings (Loss) per Share: We define non-GAAP earnings (loss) per share as non-GAAP income (loss) divided by non-GAAP weighted-average shares outstanding. This compares to loss … Magnite Website Privacy Policy | Ad Choices & Opt-Out, Magnite Reports Fourth Quarter 2020 Results, Q4 2020 Earnings Conference Call Transcript, Magnite Reports Third Quarter 2020 Results, Q3 2020 Earnings Conference Call Transcript, Magnite Reports Second Quarter 2020 Results, Q2 2020 Earnings Conference Call Transcript, Q1 2020 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports First Quarter 2020 Results, Q1 2020 Earnings Conference Call Transcript, Q4 2019 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports Fourth Quarter 2019 Results, Q4 2019 Earnings Conference Call Transcript, Q3 2019 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports Third Quarter 2019 Results, Q3 2019 Earnings Conference Call Transcript, Q2 2019 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports Second Quarter 2019 Results, Q1 2019 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports First Quarter 2019 Results, Q4 2018 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports Fourth Quarter 2018 Results, Q3 2018 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports Third Quarter 2018 Results, Q3 2018 Earnings Conference Call Transcript, Q2 2018 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports Second Quarter 2018 Results, Q2 2018 Earnings Conference Call Transcript, Q1 2018 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports First Quarter 2018 Results, Q1 2018 Financial Highlights Presentation, Q1 2018 Earnings Conference Call Transcript, Q4 2017 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports Fourth Quarter and Full Year 2017 Results, Q4 2017 Financial Highlights Presentation, Q4 2017 Earnings Conference Call Transcript, Q3 2017 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports Third Quarter 2017 Results, Q3 2017 Financial Highlights Presentation, Q3 2017 Earnings Conference Call Transcript, Q2 2017 Earnings Conference Call Transcript, Q2 2017 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports Second Quarter 2017 Results, Q2 2017 Financial Highlights Presentation, Q1 2017 Financial Highlights Presentation, Rubicon Project Reports First Quarter 2017 Results, Q1 2017 The Rubicon Project Inc Earnings Conference Call, Q4 2016 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports Fourth Quarter 2016 Results, Q4 2016 Financial Highlights Presentation, Q3 2016 Financial Highlights Presentation, Rubicon Project Reports Third Quarter 2016 Results, Q3 2016 Rubicon Project Earnings Conference Call, Q2 2016 Financial Highlights Presentation, Rubicon Project Reports Second Quarter 2016 Results, Q2 2016 Rubicon Project Earnings Conference Call, Q1 2016 Financial Highlights Presentation, Rubicon Project Reports First Quarter Results, Rubicon Project First Quarter 2016 Earnings Call, Rubicon Project Fourth Quarter 2015 Earnings Call, Rubicon Project Posts Record Fourth Quarter and Full Year 2015 Results; Rapid Growth Delivers Full Year Profitability, Q4 2015 Financial Highlights Presentation, Rubicon Project Announces Record Quarterly Results; Reports 80% Non-GAAP Net Revenue Growth Year-Over-Year, Rubicon Project Third Quarter 2015 Earnings Call, 10-Q Quarterly report which provides a continuing view of a company's financial position, Q3 2015 Financial Highlights Presentation, Call Transcript on Plan to Provide Incremental Metrics Disclosure for Q2 2015, Q2 2015 Financial Highlights Presentation, Rubicon Project Announces Second Quarter Earnings: Organic Growth and Strategic Acquisition Fuel Robust Year-Over-Year Revenue Growth, Rubicon Project Second Quarter 2015 Earnings Call, Rubicon Project Reports First Quarter Revenue Growth of 62% and Raises Full Year 2015 Guidance on Continued Strong Outlook, Q1 2015 Financial Highlights Presentation, Rubicon Project First Quarter 2015 Earnings Call, 10-K Annual report which provides a comprehensive overview of the company for the past year, Q4 2014 Financial Highlights Presentation, Rubicon Project Reports Record Fourth Quarter and Full Year 2014 Results, Rubicon Project Fourth Quarter 2014 Earnings Call, Rubicon Project Announces Record Financial Results, Rubicon Project Announces Record Second Quarter Financial Results, Rubicon Project Announces Record First Quarter Financial Results. Depreciation and amortization are non-cash charges, and the assets being depreciated or amortized will often have to be replaced in the future, but Adjusted EBITDA does not reflect any cash requirements for these replacements. CTV Pro Forma Revenue Grows 53% Year over Year in Q4 2020. Total operating expenses include cost of revenue. Magnite (NASDAQ:MGNI) Earnings Information. (2) Refer to reconciliation of net income (loss) to non-GAAP income (loss). Magnite, Inc. (Nasdaq: MGNI), the largest independent sell-side advertising platform, today reported its results of operations for the third quarter ended September 30, 2020.