Magnite, Inc. · NASDAQ:MGNI
Magnite — Rubicon Project — Q1 2017 Earnings Presentation
9 slides from Magnite's earnings presentation, May 3, 2017
Slide 1: Rubicon Project Q1 2017 Financial Highlights
RUBICON PROJECT Q1 2017 FINANCIAL HIGHLIGHTS MAY 3, 2017
Slide 2: Safe Harbor: Forward-Looking Statements
SAFE HARBOR Forward-Looking Statements These materials include forward-looking statements concerning or implying growth trends or expectations. Forward-looking statements are not guarantees of future performance; they reflect our current views with respect to future events and are based on assumptio
Slide 3: Q1 2017 Summary
Q1 2017 SUMMARY Financial Measures Three Months Ended 3/31/2017 3/31/2016 Change GAAP revenue $46.0 M $69.2 M (34)% Mobile GAAP revenue $17.7 M $22.3 M (21)% Desktop GAAP revenue $28.3 M $46.9 M (40)% Non-GAAP net revenue(1) $45.4 M $63.6 M (29)% Advertising spend(2) $191.5 M $248.5 M (23)% Mobile a
Slide 4: Cash Flow and Balance Sheet Highlights
CASH FLOW AND BALANCE SHEET HIGHLIGHTS Cash Flow Highlights Balance Sheet Highlights ($MM) ($MM) Q1 2017 Q1 2016 March 31, December 31, Financial measure: 2017 2016 Net cash provided by $2.9 $10.7 Financial measure: operating activities Less capital expenditures 5.4 3.8 Cash & equivalents $149.4 $14
Slide 5: Depreciation & Amortization / Amortization Schedule
DEPRECIATION & AMORTIZATION / AMORTIZATION SCHEDULE Income Statement includes Depreciation and Amortization as follows: ($MM) Q1 2017 Q1 2016 Cost of revenue $ 8.4 $ 5.9 Add in new Sales and marketing 0.5 1.6 Technology and development 0.6 0.6 General and administrative 0.6 0.5 Total Depreciation an
Slide 6: Reconciliations of Net Income (Loss) to Adjusted EBITDA & GAAP Revenue to Advertising Spend
RECONCILIATIONS OF NET INCOME (LOSS) TO ADJUSTED EBITDA & GAAP REVENUE TO ADVERTISING SPEND Reconciliation of Net Income (Loss) to Adjusted EBITDA ($MM) Q1 2017 Q1 2016 Financial Measure: ($MM) Net income (loss) ($15.8) $2.3 Add back (deduct): Depreciation and amortization, excluding acquisition of
Slide 7: Reconciliations of GAAP Revenue to Non-GAAP Net Revenue & Net Income (Loss) to Non-GAAP Net Income
RECONCILIATIONS OF GAAP REVENUE TO NON-GAAP NET REVENUE & NET INCOME (LOSS) TO NON-GAAP NET INCOME Reconciliation of GAAP Revenue to Non-GAAP Net Revenue ($MM) Q1 2017 Q1 2016 Financial Measure: GAAP revenue $46.0 $69.2 Less amounts paid to sellers reflected in cost of revenue(1) $0.6 $5.6 Non-GAAP
Slide 8: Additional Reconciliations of Non-GAAP Financial Measures to GAAP
ADDITIONAL RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES TO GAAP Revenue & Advertising Spend Split by Channel Q1 2017 Q1 2016 Financial Measure: ($MM) Mobile Desktop Total Mobile Desktop Total GAAP Revenue $17.7 $28.3 $46.0 $22.3 $46.9 $69.2 Plus amounts paid to sellers(1) 50.2 95.3 145.5 51.5 127.
Slide 9: Revenue Highlights As Adjusted: Excluding Static and Intent Marketing
REVENUE HIGHLIGHTS AS ADJUSTED: EXCLUDING STATIC AND INTENT MARKETING(1) Key Metrics As Adjusted: Three Months Ended Excluding Static and Intent Marketing(1) 3/31/2017 3/31/2016 Change GAAP revenue(2) $44.7 M $57.0 M (22)% Non-GAAP net revenue(2) $44.7 M $57.0 M (22)% Advertising spend $190.1 M $223