February 24, 2024

Magnite Moving on 2022 Q3 Report

(24/7 MARKET NEWS) – Magnite (Nasdaq:MGNI) reported, after yesterday’s market close, its results of operations for the quarter ended September 30, 2022.

Q3 2022 Highlights include an 11% year-over-year increase in revenues, to $145.8 million and an adjusted EBITDA margin of 35%.

Magnite is trading at $6.72, up $0.94 (+16.26%), on over 100 thousand shares and has blown through all its recent resistance levels.

Its 52-week range is $5.585 to $23.28, with recent inflection points being $6.90, $7.15 and $7.50.

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