NEW YORK (AP) — NEW YORK (AP) — Magnite, Inc. (MGNI) on Wednesday reported earnings of $4.4 million in its first quarter.
The New York-based company said it had profit of 3 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 13 cents per share.
The digital ad exchange operator posted revenue of $164.4 million in the period. Its adjusted revenue was $160.9 million.
For the current quarter ending in June, Magnite said it expects revenue in the range of $177 million to $181 million.
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