Magnite, Inc. · NASDAQ:MGNI
Magnite — Q3 2019 Earnings Presentation
9 slides from Magnite's earnings presentation, Nov 6, 2019
Slide 1: Financial Highlights Q3 2019
Financial Highlights Q3 2019 November 6, 2019
Slide 2: Safe Harbor
Safe Harbor FORWARD-LOOKING STATEMENTS This presentation 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 ou
Slide 3: Headlines
Headlines – Revenue grew 27% year over year to $37.6 million in Q3 2019 – Adjusted EBITDA was $6.1 million in Q3 2019 – representing a 16% margin – Video and audio revenue were both growth drivers in Q3 2019 – Expect Q4 2019 revenue to be between $47 to $48.5 million – Expect Q4 Adjusted EBITDA marg
Slide 4: Q3 2019 Summary
Q3 2019 Summary Financial Measures ($MM except per share data) Three Months Ended Change 9/30/2019 9/30/2018 Favorable / (Unfavorable) Revenue Mobile revenue $21.7 $17.2 26% Desktop revenue $15.9 $12.5 28% Revenue $37.6 $29.7 27% Net loss ($6.2) ($13.8) 55% Adjusted EBITDA(1) $6.1 ($1.4) nm Adjusted
Slide 5: Cash Flow and Balance Sheet Highlights
Cash Flow and Balance Sheet Highlights Adjusted Cash Flow Highlights Balance Sheet Highlights ($mm) ($mm) Sept 30, December 31, Q3 2019 Q3 2018 2019 2018 Cash & equivalents $85.1 $80.5 Adjusted EBITDA $6.1 ($1.4) Marketable securities -- 7.5 Less capital (7.1) (5.3) expenditures (1) Total cash + liq
Slide 6: Amortization Schedule
Amortization Schedule Remaining Amortization Schedule for Acquired Intangibles by Period ($MM) Amount 2019 Remaining 0.7 2020 2.8 2021 2.8 2022 1.6 TOTAL Remaining Amortization of Acquired Intangibles $7.9 Copyright Rubicon Project 2019 6
Slide 7: Reconciliations of Net Loss to Adjusted EBITDA
Reconciliations of Net Loss to Adjusted EBITDA Reconciliation of Net Loss to Adjusted EBITDA ($MM) Q3 2019 Q3 2018 Net loss ($6.2) ($13.8) Add back (deduct): Depreciation and amortization, excluding amortization of acquired intangible assets 7.3 8.0 Amortization of acquired intangibles 0.7 0.8 Stock
Slide 8: Reconciliations of Net Loss to Non-GAAP Loss
Reconciliations of Net Loss to Non-GAAP Loss Reconciliation of Net Loss to Non-GAAP Income (Loss) ($MM, except share figures) Q3 2019 Q3 2018 Net loss ($6.2) ($13.8) Add back (deduct): Acquisition and related items, including amortization of acquired intangibles 0.7 0.8 Stock-based compensation expe
Slide 9: Revenue Split by Channel & Geography
Revenue Split by Channel & Geography Copyright Rubicon Project 2019 9