Magnite: Capitalizing On CTV Tailwinds As The Leading SSP
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Magnite reported strong Q3 results and guidance, extended its deal with Disney, and expects significant contributions from Netflix next year. Despite lower political spending, the outlook remains promising with the stock valued at 13.5 times next year's FCF.
December 23, 2024 | 9:45 am
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Magnite's strong Q3 results and extended Disney deal boost its outlook, with significant contributions expected from Netflix next year. The stock is valued at 13.5 times next year's FCF.
Magnite's strong Q3 results and guidance, along with an extended deal with Disney, indicate positive momentum. The expected contribution from Netflix further enhances its growth prospects, making the stock attractive at 13.5 times next year's FCF.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100