Magnite, Inc. (NASDAQ: MGNI) saw its stock surge 7.45% in intraday trading on Thursday, building on the momentum from its pre-market rally. The significant uptick follows the release of the company's exceptional first-quarter 2025 financial results, which substantially surpassed analyst expectations.
The advertising technology firm reported adjusted earnings per share of $0.12 for Q1, impressively beating the analyst consensus estimate of $0.07 by 71.43%. This represents a remarkable 140% increase from the $0.05 per share reported in the same period last year. Magnite's quarterly revenue also exceeded expectations, coming in at $155.77 million, surpassing the analyst estimate of $144.20 million by 8.02% and marking a 4.32% year-over-year increase.
Other notable financial highlights include a gross profit of $93 million and adjusted EBITDA of $36.8 million, with the latter outperforming the estimate of $30 million. The adjusted EBITDA margin stood at an impressive 25%. However, investors should note that Magnite reported a net loss of $9.6 million for the quarter. Despite the strong results, the company has adopted a more cautious approach to its outlook and guidance, citing tariff-driven economic uncertainty. As the market continues to react to this information, it will be interesting to see how Magnite's stock performs in the coming days.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.