Magnite Expects Contribution Ex-TAC Of $128M-$132M For Q3 And To Grow In The Mid-To-High Single-Digits (Prior View High Single-Digits) For 2023
Portfolio Pulse from Benzinga Newsdesk
Magnite has updated its Q3 forecast, expecting a contribution ex-TAC of $128M-$132M. The company also anticipates growth in the mid-to-high single digits for 2023, a slight decrease from its previous high single-digit prediction.
August 09, 2023 | 8:51 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Magnite's revised Q3 forecast and slightly lowered growth expectation for 2023 may impact investor sentiment and the company's stock price.
Magnite's revised Q3 forecast and slightly lowered growth expectation for 2023 could lead to a negative investor sentiment. This could potentially result in a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100