(24/7 MARKET NEWS) – Magnite (Nasdaq: MGNI) reported, after yesterday’s market close, its results of operations for the quarter ended September 30, 2022.
Q3 2022 Highlights include an 11% year-over-year increase in revenues, to $145.8 million and an adjusted EBITDA margin of 35%.
Magnite is trading at $6.72, up $0.94 (+16.26%), on over 100 thousand shares and has blown through all its recent resistance levels.
Its 52-week range is $5.585 to $23.28, with recent inflection points being $6.90, $7.15 and $7.50.
24/7 MARKET NEWS, INC Disclaimer
24/7 MARKET NEWS (“24/7 MN”) is dedicated to covering various underreported segments of the stock markets. Our goal is to help you to better understand these markets, but 24/7 MN is neither an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell stocks or other investment products. All opinions, news, research, analysis, prices or other information contained on 247marketnews.com, its press releases, or other services are provided for educational purposes only and do not constitute investment advice. You are solely responsible for the investment decisions you make.