Magnite: Q3 Earnings Insights - Magnite (NASDAQ:MGNI)

Magnite MGNI reported its Q3 earnings results on Wednesday, November 8, 2023 at 04:05 PM.

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

Magnite beat estimated earnings by 50.0%, reporting an EPS of $0.12 versus an estimate of $0.08.

Revenue was up $4.27 million from the same period last year.

Last quarter the company beat on EPS by $0.06 which was followed by a 35.09% drop in the share price the next day.

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

Quarter	Q2 2023	Q1 2023	Q4 2022	Q3 2022
EPS Estimate	0.03	-0.04	0.32	0.14
EPS Actual	0.09	0.04	0.24	0.18
Revenue Estimate	134.28M	110.91M	153.73M	124.36M
Revenue Actual	152.54M	130.15M	175.40M	145.81M

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.