Recap: Magnite Q1 Earnings - Magnite (NASDAQ:MGNI)

Magnite MGNI reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Magnite reported in-line EPS of $0.08 versus an estimate of $0.08.

Revenue was up $57.36 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 18.43% increase in the share price the next day.

Here's a look at Magnite's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.24	0.18	0.12	0.02
EPS Actual	0.26	0.14	0.11	0.03
Revenue Estimate	140.02M	116.62M	94.10M	60.39M
Revenue Actual	161.29M	131.87M	114.54M	60.72M

To track all earnings releases for Magnite visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.