Magnite, Inc. · NASDAQ:MGNI
Magnite — Rubicon Project — Q1 2019 Earnings Presentation
9 slides from Magnite's earnings presentation, May 1, 2019
Slide 1: Financial Highlights Q1 2019
Financial Highlights Q1 2019 May 1, 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 30% year-over-year to $32.4 million in Q1 2019 – Adjusted EBITDA approximately breakeven in Q1 2019 our seasonally slowest quarter – Video revenue nearly doubled in Q1 2019 and continues to increase as a percent of total – Expecting Q2 2019 revenue to increase approximately
Slide 4: Q1 2019 Summary
Q1 2019 Summary Financial Measures ($MM except per share data) Three Months Ended Change 3/31/2019 3/31/2018 Favorable / (Unfavorable) Revenue Mobile revenue $17.2 $10.6 63% Desktop revenue $15.2 $14.3 6% Revenue $32.4 $24.9 30% Net loss ($12.5) ($27.8) 55% Adjusted EBITDA(1) ($0.1) ($14.2) 99% Adju
Slide 5: Cash Flow and Balance Sheet Highlights
Cash Flow and Balance Sheet Highlights Adjusted Cash Flow Highlights Balance Sheet Highlights ($mm) ($mm) March 31, December 31, Q1 2019 Q1 2018 2019 2018 Cash & equivalents $80.7 $80.5 Adjusted EBITDA ($0.1) ($14.2) Marketable securities -- 7.5 Less capital (2.2) (2.8) expenditures Total cash + liq
Slide 6: Amortization Schedule
Amortization Schedule Remaining Amortization Schedule for Acquired Intangibles by Period ($MM) Amount 2019 Remaining 2.2 2020 2.8 2021 2.8 2022 1.6 TOTAL Remaining Amortization of Acquired Intangibles $9.4 Copyright Rubicon Project 2019 6
Slide 7: Reconciliations of Net Loss to Adjusted EBITDA
Reconciliations of Net Loss to Adjusted EBITDA Reconciliation of Net Loss to Adjusted EBITDA ($MM) Q1 2019 Q1 2018 Net loss ($12.5) ($27.8) Add back (deduct): Depreciation and amortization, excluding amortization of acquired intangible assets 7.8 7.9 Amortization of acquired intangibles 0.8 0.8 Stoc
Slide 8: Reconciliations of Net Loss to Non-GAAP Income (Loss)
Reconciliations of Net Loss to Non-GAAP Income (Loss) Reconciliation of Net Loss to Non-GAAP Income (Loss) ($MM, except share figures) Q1 2019 Q1 2018 Net loss ($12.5) ($27.8) Add back (deduct): Acquisition and related items, including amortization of acquired intangibles 0.8 0.8 Stock-based compens
Slide 9: Revenue Split by Channel & Geography
Revenue Split by Channel & Geography Revenue Split by Channel Q1 2019 Q1 2018 Financial Measure: ($MM) Mobile Desktop Total Mobile Desktop Total GAAP Revenue $17.2 $15.2 $32.4 $10.6 $14.3 $24.9 Percent of Revenue 53% 47% 100% 42% 58% 100% Revenue Split by Geography Q1 2019 Q1 2018 Financial Measure: