MGNI - January 3, 2021MGNI is an independent sell-side advertising company that leverages omnichannel advertising. MGNI was formed in 2020 from the merger of Telaria and Rubicon, and now is a growing competitor in the CTV, mobile, and desktop ad space. The company has reported Q3 2020 revenues of $61M, 18% of which are attributable to the attractive CTV segment. The company is expecting strong CTV growth in Q4 2020 between $72-75 million. MGNI supported 23% EBITDA margins in Q3 and expects this to expand to 30% margins in Q4 2020. MGNI is not net income profitable yet. It has had a huge bullish run in the last 4 months of 2020, and is now consolidating at the 30 level. MGNI can push higher to 40 in the coming weeks as we continue to see institutional adoption of the stock.
