Reports Q3 revenue $145.82M, consensus $124.24M. "We delivered strong results in Q3, with total revenue ex-TAC and CTV revenue ex-TAC exceeding our guidance for the quarter. Adjusted EBITDA also grew nicely and delivered a margin of 35% for the quarter. We were able to show improvement in Q3 growth rates in CTV and DV+ as compared to Q2, despite challenging macro conditions. We continue to build upon and scale our CTV capabilities to better serve new and existing customers and believe we are well positioned to grow revenue in 2023," said Michael Barrett, president and CEO of Magnite.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on MGNI:
