Magnite: Q1 Earnings Insights

Magnite MGNI reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:05 PM.

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

Magnite beat estimated earnings by 200.0%, reporting an EPS of $0.04 versus an estimate of $-0.04.

Revenue was up $12.07 million from the same period last year.

Last quarter the company missed on EPS by $0.08 which was followed by a 16.16% drop in the share price the next day.

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

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.32	0.14	0.17	0.08
EPS Actual	0.24	0.18	0.14	0.08
Revenue Estimate	153.73M	124.36M	124.80M	107.01M
Revenue Actual	175.40M	145.81M	137.78M	118.08M

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.