Magnite Says It’s Not Afraid Of The Agentic Era – Or Of Google
Magnite posted strong Q1 numbers and is confident that it will prevail in its battles with both Google and The Trade Desk.
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David Day
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Magnite Makes Its Case As A Differentiated SSP
For Magnite, the biggest growth opportunity lies in supply-path optimization. The trade-off is the pressure to differentiate itself from other supply-side platforms competing for agency deals.
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Magnite Is Still Pinning Its Hopes On CTV
CTV contributed $52.5 million to Magnite’s Q3 earnings, actually declining 6% from $56 million at the same time last year. CTV comprised 39% of overall revenue this quarter, compared to 41% for mobile ads and 20% for desktop ads.
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Magnite And CTV: Together Forever (Or At Least In Q2)
Magnite’s still enamored of CTV. CTV’s contribution to Magnite’s revenue was up 8% YOY, from $52 million to $56 million.
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Magnite Uses CTV To Establish Its Place In The SSP Sweep
Supply-side platforms are under intense pressure to prove unique value or hit the chopping block. And Magnite is using connected TV as its competitive edge.
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Magnite Grows In CTV, But Guidance Stays Conservative
Magnite’s quarterly revenue was up 11% year-over-year in Q3, with a large chunk of its growth coming from streaming. Growth guidance is conservative for next quarter, but Magnite expects AVOD inventory and retail media to become bigger growth drivers for its bottom line.