Magnite, Inc. · NASDAQ:MGNI
Magnite — The Rubicon Project — Q2 2019 Earnings Presentation
9 slides from Magnite's earnings presentation, Jul 31, 2019
Slide 1: Financial Highlights Q2 2019
Financial Highlights Q2 2019 July 31, 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 32% year over year to $37.9 million in Q2 2019 – Third straight quarter of 30% or greater year-over-year revenue growth – Expect Q3 2019 revenue to increase approximately 30% year over year – Adjusted EBITDA was $4.4 million in Q2 2019 – representing a 12% margin – Video and
Slide 4: Q2 2019 Summary
Q2 2019 Summary Financial Measures ($MM except per share data) Three Months Ended Change 6/30/2019 6/30/2018 Favorable / (Unfavorable) Revenue Mobile revenue $21.3 $15.0 42% Desktop revenue $16.6 $13.7 21% Revenue $37.9 $28.6 32% Net loss ($8.3) ($18.0) 54% Adjusted EBITDA(1) $4.4 ($5.5) nm Adjusted
Slide 5: Cash Flow and Balance Sheet Highlights
Cash Flow and Balance Sheet Highlights Adjusted Cash Flow Highlights Balance Sheet Highlights ($mm) ($mm) June 30, December 31, Q2 2019 Q2 2018 2019 2018 Cash & equivalents $86.1 $80.5 Adjusted EBITDA $4.4 ($5.5) Marketable securities -- 7.5 Less capital (4.1) (3.2) expenditures Total cash + liquid
Slide 6: Amortization Schedule
Amortization Schedule Remaining Amortization Schedule for Acquired Intangibles by Period ($MM) Amount 2019 Remaining 1.4 2020 2.8 2021 2.8 2022 1.6 TOTAL Remaining Amortization of Acquired Intangibles $8.6 Copyright Rubicon Project 2019 6
Slide 7: Reconciliations of Net Loss to Adjusted EBITDA
Reconciliations of Net Loss to Adjusted EBITDA Reconciliation of Net Loss to Adjusted EBITDA ($MM) Q2 2019 Q2 2018 Net loss ($8.3) ($18.0) Add back (deduct): Depreciation and amortization, excluding amortization of acquired intangible assets 7.4 8.1 Amortization of acquired intangibles 0.8 0.8 Stock
Slide 8: Reconciliations of Net Loss to Non-GAAP Loss
Reconciliations of Net Loss to Non-GAAP Loss Reconciliation of Net Loss to Non-GAAP Income (Loss) ($MM, except share figures) Q2 2019 Q2 2018 Net loss ($8.3) ($18.0) Add back (deduct): Acquisition and related items, including amortization of acquired intangibles 0.8 0.8 Stock-based compensation expe
Slide 9: Revenue Split by Channel & Geography
Revenue Split by Channel & Geography Revenue Split by Channel Q2 2019 Q2 2018 Financial Measure: ($MM) Mobile Desktop Total Mobile Desktop Total GAAP Revenue $21.3 $16.6 $37.9 $15.0 $13.6 $28.6 Percent of Revenue 56% 44% 100% 52% 48% 100% Revenue Split by Geography Q2 2019 Q2 2018 Financial Measure: