Why Magnite Stock Popped Today
Magnite(MGNI) The Motley Fool·2024-05-10 00:18
Shares of the adtech company gained on a better-than-expected earnings report.Shares of Magnite (MGNI 12.70%), the supply-side adtech company, were moving higher today after it topped estimates on the top and bottom lines in its first-quarter earnings report as it appears to be benefiting from the recovery in the digital advertising market.As of 10:35 a.m. ET, the stock was up 12.7% on the news. Magnite sees accelerating revenue growthMagnite, which was formed by a series of mergers and acquisitions to crea ...