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Q4 2024 Magnite Inc Earnings Call

In This Article:

Participants

Nick Kormeluk; Investor Relations; Magnite Inc

Michael Barrett; President, Chief Executive Officer, Director; Magnite Inc

David Day; Chief Financial Officer; Magnite Inc

Jason Kreyer; Analyst; Craig-Hallum Capital Group

Daniel Kurnos; Analyst; Benchmark Company

Laura Martin; Analyst; Needham and Company

Shweta Khajuria; Analyst; Wolfe Research

Matthew Swanson; Analyst; RBC Capital Markets

Aaron Samuels; Analyst; Susquehanna International Group

Eric Martinuzzi; Analyst; Lake Street Capital Markets

Zach Cummins; Analyst; B. Riley Securities

Arthur Chu; Analyst; BofA Global Research

Presentation

Operator

Good day and welcome to the Magnite fourth-quarter 2024 earnings conference call. (Operator Instructions) Please note, this event is being recorded.
I would now like to turn the conference over to Nick Kormeluk of Investor Relations.

Nick Kormeluk

Thank you, operator, and good afternoon everyone. Welcome to Magnite's fourth-quarter 2024 earnings conference call. As a reminder, this conference is being recorded. Joining me on the call today are Michael Barrett, CEO; and David Day, our CFO. I would like to point out that we have posted financial highlight slides on our Investor Relations website to accompany today's presentation.
Before we get started, I will remind you that our prepared remarks and answers to questions will include information that might be considered to be forward-looking statements, including but not limited to, statements concerning our anticipated financial performance and strategic objectives, including the potential impacts of macroeconomic factors on our business.
These statements are not guarantees of future performance. They reflect our current views with respect to future events and are based on assumptions and estimates and subject to known and unknown risks, uncertainties, and other factors that may cause our actual results, performance, or achievements to be materially different from expectations or results projected or implied by forward-looking statements.
A discussion of these and other risks and uncertainties and assumptions is set forth in the company's periodic reports filed with the SEC, including our 2024 Annual Report on Form 10-K. We undertake no obligation to update forward-looking statements.
Our commentary will include non-GAAP financial measures including contribution ex-TAC or less traffic acquisition costs, adjusted EBITDA, and non-GAAP income per share. Reconciliations between GAAP and non-GAAP metrics for our reported results can be found in our earnings press release and in the financial highlights deck that is posted on our Investor Relations website.
At times, in response to your questions, we may offer additional metrics to provide greater insights into the dynamics of our business. Please be advised that this additional detail may be one time in nature, and we may or may not provide an update on the future of these metrics.
I encourage you to visit our Investor Relations website to access our press release, financial highlights deck, periodic SEC reports, and the webcast replay of today's call to learn more about Magnite.
I will now turn the call over to Michael. Please go ahead.