Magnite, Inc. · NASDAQ:MGNI
Magnite — Rubicon Project — Q3 2017 Earnings Presentation
10 slides from Magnite's earnings presentation, Nov 2, 2017
Slide 1: Rubicon Project Q3 2017 Financial Highlights
RUBICON PROJECT Q3 2017 FINANCIAL HIGHLIGHTS NOVEMBER 2, 2017 0 | COPYRIGHT RUBICON PROJECT 2017
Slide 2: Safe Harbor: Forward-Looking Statements
SAFE HARBOR Forward-Looking Statements This presentation and management's prepared remarks during the conference call in connection with this presentation, and management's answers to questions during the conference call may include, forward-looking statements, including statements based upon or rel
Slide 3: Strategy & Market Update
Strategy & Market Update • Strategy remains clear - grow supply, improve win rate, reduce transaction costs • Our buy side transaction fees eliminated • Continued auction dynamics testing • Deliver high volume / efficient exchange • Pace of industry change / consolidation is accelerating • Investmen
Slide 4: Q3 2017 Summary
Q3 2017 SUMMARY Financial Measures Three Months Ended 9/30/2017 9/30/2016 Change GAAP revenue $35.2 M $65.8 M (47)% Mobile GAAP revenue $18.3 M $23.1 M (21)% Desktop GAAP revenue $16.9 M $42.7 M (60)% Non-GAAP net revenue(1) $35.2 M $60.6 M (42)% Advertising spend(2) $195.0 M $242.8 M (20)% Mobile a
Slide 5: Cash Flow and Balance Sheet Highlights
CASH FLOW AND BALANCE SHEET HIGHLIGHTS Cash Flow Highlights Balance Sheet Highlights ($MM) ($MM) September 30, December 31, YTD YTD 2017 2016 Sept 30, 2017 Sept 30, 2016 Financial measure: Financial measure: Net cash provided by $9.2 $48.8 Cash & equivalents $99.5 $149.4 operating activities Less ca
Slide 6: Depreciation & Amortization / Amortization Schedule
DEPRECIATION & AMORTIZATION / AMORTIZATION SCHEDULE Income Statement includes Depreciation and Amortization as follows: ($MM) Q3 2017 Q3 2016 Cost of revenue $ 7.2 $ 7.0 Sales and marketing 0.2 2.8 Technology and development 0.6 0.7 General and administrative 0.2 0.5 Total Depreciation and Amortizat
Slide 7: 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 ($MM) Q3 2017 Q3 2016 Financial Measure: ($MM) Net income (loss) ($103.6) $3.5 Add back (deduct): Depreciation and amortization, excluding acquisition of
Slide 8: Reconciliations of GAAP Revenue to Non-GAAP Net Revenue & Net Income (Loss)
RECONCILIATIONS OF GAAP REVENUE TO NON-GAAP NET REVENUE & NET INCOME (LOSS) TO NON-GAAP NET INCOME (LOSS) Reconciliation of GAAP Revenue to Non-GAAP Net Revenue ($MM) Q3 2017 Q3 2016 Financial Measure: GAAP revenue $35.2 $65.8 Less amounts paid to sellers reflected in cost of revenue(1) - $5.2 Non-G
Slide 9: Additional Reconciliations of Non-GAAP Financial Measures to GAAP
ADDITIONAL RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES TO GAAP Revenue & Advertising Spend Split by Channel Q3 2017 Q3 2016 Financial Measure: ($MM) Mobile Desktop Total Mobile Desktop Total GAAP Revenue $18.3 $16.9 $35.2 $23.1 $42.7 $65.8 Plus amounts paid to sellers(1) 73.4 86.4 159.8 60.2 116.
Slide 10: 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) 9/30/2017 9/30/2016 Change GAAP revenue(2) $35.2 M $55.3 M (36)% Non-GAAP net revenue(2) $35.2 M $55.3 M (36)% Advertising spend $195.0 M $227