Magnite Inc. 2025年季度报告

20-8881738(I.R.S. Employer Identification No.) 1250 Broadway,15th FloorNew York,New York10001(Address of principal executive offices, including zip code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company.See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).☐Yes☒No Indicate the number of shares outstanding of each of the registrant's classes of common stock, as of the latest practicable date. MAGNITE, INC.CONDENSED CONSOLIDATED BALANCE SHEETS MAGNITE, INC.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) MAGNITE, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Note 1—Organization and Summary of Significant Accounting Policies Company Overview Magnite, Inc. ("Magnite" or the "Company"), was formed in Delaware and began operations on April 20, 2007. The Company's common stock is listed on the Nasdaq Global Select Market of The Nasdaq Stock Market LLC ("Nasdaq") under thesymbol "MGNI." Magnite has its principal offices in New York City, Los Angeles, Denver, London, and Sydney, and additional offices in The Company provides a technology solution to automate the purchase and sale of digital advertising inventory for buyers and sellersglobally, across all channels, formats and auction types. The Company's platform features applications and services for sellers of digitaladvertising inventory, or publishers, that own or operate websites, applications, connected television ("CTV") channels, and other digital mediaproperties, to manage and monetize their inventory; applications and services for buyers, including advertisers, agencies, agency trading desks, Sellers monetize their inventory through the Company’s platform by seamlessly connecting to a global market of integrated buyersthat transact through real-time bidding. These transactions include biddable auctions, where multiple buyers bid against each other in a real-time auction for the right to purchase a publisher's inventory, as well as reserve auctions, where publishers establish direct deals or privatemarketplaces with select buyers. At the same time, buyers leverage the Company’s platform to manage their advertising spending and reach Basis of Presentation and Summary of Significant Accounting Policies The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accountingprinciples generally accepted in the United States of America, or GAAP, for interim financial information and the instructions to Form 10-Qand Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for completefinancial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair The condensed consolidated balance sheet at December 31, 2024 has been derived from the audited financial statements at that date,but does not include all of the disclosures required by GAAP. The accompanying condensed consolidated financial statements should be read inconjunction with the Company's audited consolidated financial statements and notes thereto for the year ended December 31, 2024 included in There have been no significant changes in the Company's accounting policies from those disclosed in its audited consolidated financialstatements and notes thereto for the year ended December 31, 2024 included in its Annual Report on Form 10-K. Segments Management has determined that the Company operates asoneoperating segment andonereportable segment. The Company’s chiefoperating decision maker ("CODM") is the Chief Executive Officer ("CEO"). The Company has one primary business activity, where itprovides a platform to all of its customers, buyers and sellers, that automates the purchase and sale of digital advertising inventory globally,across all channels, formats, and auction types, as