What to Expect From Magnite’s Upcoming Q1 Earnings?
<p>RBC Capital shared its views on <a href='https://financialmodelingprep.com/financial-summary/MGNI'>Magnite (NASDAQ:MGNI)</a> ahead of the upcoming Q1 earnings, which will be released on May 10.</p>
<p>The analysts continue to have incremental confidence around continued strength in adjusted EBITDA compared to the midpoint guide of $93 million though more substantial improvements in the margin will come in H2/23.</p>
<p>After a challenging year-end, the analysts feel incrementally more positive about results against the Q1 guide with checks pointing to stabilization of trends relative to when guidance was given in mid-February. That said, 2023 guidance will likely remain conservative, pointing towards a back-half loaded year, as the analysts remain mindful of any downward pressure on results due to macros.</p>

NASDAQ:MGNI