Magnite, Inc. · NASDAQ:MGNI
Magnite — Rubicon Project — Q4 2019 Earnings Presentation
9 slides from Magnite's earnings presentation, Feb 26, 2020
Slide 1: Financial Highlights Q4 2019
Financial Highlights Q4 2019 February 26, 2020
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 17% year over year to $48.5 million in Q4 2019 – Adjusted EBITDA was $15.3 million in Q4 2019 – representing a 32% margin – Generated $8.9 million of free cash flow in Q4 2019 – Video revenue was $28.6 million for 2019 and grew 43% over 2018 – Expect Q1 2020 revenue to be be
Slide 4: Q4 2019 Summary
Q4 2019 Summary Financial Measures ($MM except per share data) Three Months Ended Change 12/31/2019 12/31/2018 Favorable / (Unfavorable) Revenue Mobile revenue $27.9 $22.8 22% Desktop revenue $20.6 $18.6 11% Revenue $48.5 $41.4 17% Net income/(loss) $1.5 ($2.2) 168% Adjusted EBITDA(1) $15.3 $9.9 55%
Slide 5: Cash Flow and Balance Sheet Highlights
Cash Flow and Balance Sheet Highlights Adjusted Cash Flow Highlights Balance Sheet Highlights ($mm) ($mm) December 30, December 31, Q4 2019 Q4 2018 2019 2018 Cash & equivalents $88.9 $80.5 Adjusted EBITDA $15.3 $9.9 Marketable securities -- 7.5 Less capital (6.4) (7.8) expenditures Total cash + liqu
Slide 6: Amortization Schedule
Amortization Schedule Remaining Amortization Schedule for Acquired Intangibles by Period ($MM) Amount 2020 4.2 2021 4.1 2022 2.1 2023 0.6 2024 0.4 TOTAL Remaining Amortization of Acquired Intangibles $11.4 Copyright Rubicon Project 2020 6
Slide 7: Reconciliations of Net Loss to Adjusted EBITDA
Reconciliations of Net Loss to Adjusted EBITDA Reconciliation of Net Loss to Adjusted EBITDA ($MM) Q4 2019 Q4 2018 Net income / (loss) $1.5 ($2.2) Add back (deduct): Depreciation and amortization, excluding amortization of acquired intangible assets 6.3 8.2 Amortization of acquired intangibles 1.0 0
Slide 8: Reconciliations of Net Loss to Non-GAAP Loss
Reconciliations of Net Loss to Non-GAAP Loss Reconciliation of Net Loss to Non-GAAP Income (Loss) ($MM, except share figures) Q4 2019 Q4 2018 Net income / (loss) $1.5 ($2.2) Add back (deduct): Acquisition and related items, including amortization of acquired intangibles 3.0 0.8 Stock-based compensat
Slide 9: Revenue Split by Channel & Geography
Revenue Split by Channel & Geography Revenue Split by Channel Q4 2019 Q4 2018 Financial Measure: ($MM) Mobile Desktop Total Mobile Desktop Total GAAP Revenue $27.9 $20.6 $48.5 $22.8 $18.6 $41.4 Percent of Revenue 58% 42% 100% 55% 45% 100% Revenue Split by Geography Q4 2019 Q4 2018 Financial Measure: