Filing Flows › Magnite (MGNI) › Q1 2025
Magnite (MGNI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Magnite (MGNI) reported revenue of $156M for the first quarter 2025 (Q1 2025), +4% from a year earlier and -20% from the quarter before. Operating margin was -0.9%, net loss $9.6M (6.2% of revenue).
Magnite, Q1 2025: revenue $156M (+4% year over year), operating margin -0.9%, net loss $9.6M, operating cash flow $2.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $156M | -20% | +4% |
| Operating profit | −$1.4M | — | — |
| Net earnings | −$9.6M | — | — |
| Operating cash flow | $2.6M | -98% | — |
What changed
Revenue was $155.8M in Q1 2025, up 4% year over year and down 20% from the previous quarter.
Operating costs exceeded revenue by $1.4M, an operating margin of -0.9%. Total costs fell 4% while revenue rose 4%. The fastest-growing cost line was Sales & marketing (+10%). The quarter ended with a net loss of $9.6M, after a profit of $36.4M the previous quarter. Net interest and other expense of $9.1M was the main reason.
Operating cash flow was $2.6M. Non-cash charges added back $15.6M of depreciation and amortization and $21.2M of share-based compensation. Working capital and other items used $24.6M. Capital expenditures of $14.4M exceeded it, leaving free cash flow of −$11.8M.
Questions
What was Magnite's revenue in the first quarter 2025?
Magnite (MGNI) reported revenue of $156M for the first quarter 2025 (Q1 2025), +4% from a year earlier and -20% from the quarter before.
Was Magnite profitable in the first quarter 2025?
Operating loss was $1.4M (-0.9% of revenue) and net loss $9.6M.
Source: Magnite 10-Q on SEC EDGAR.