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Magnite: Q2 Earnings Snapshot

By AP News - Aug 08, 2024, 10:12 AM EDTLast Updated - Aug 08, 2024, 10:12 AM EDT

NEW YORK (AP) — NEW YORK (AP) — Magnite, Inc. (MGNI) on Wednesday reported a loss of $1.1 million in its second quarter.

The New York-based company said it had a loss of 1 cent per share. Earnings, adjusted for stock option expense and non-recurring costs, were 14 cents per share.

The digital ad exchange operator posted revenue of $162.9 million in the period. Its adjusted revenue was $146.8 million.

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