Magnite, Inc. (NASDAQ:MGNI) Citi’s 2025 Global Technology, Media and Telecommunications Conference September 4, 2025 4:50 PM EDT
Company Participants
Michael Barrett – CEO & Director
Conference Call Participants
Ygal Arounian – Citigroup Inc. Exchange Research
Presentation
Ygal Arounian
Research Analyst
Good afternoon, everyone. We’ll have people rolling in, but thanks for joining. Wrapping up the day here with Michael Barrett from Magnite, and looking forward to the conversation. Thanks for joining us.
Michael Barrett
CEO & Director
Thanks so much for having us.
Question-and-Answer Session
Ygal Arounian
Citigroup Inc. Exchange Research
All right. Let’s start with Magnite typically thought of as a traditional SSP platform. The business has evolved and it’s a lot more than that, I think, over the last few years. So just to start off with how it’s evolved, where you’re focused right now, the kind of the key business drivers and where you see the business going from here?
Michael Barrett
CEO & Director
Yes. So I think when people think of your traditional SSP kind of born in the desktop era, thread together tens of thousands of websites and plug-in DSP demand and one looks like the other, pretty hard to differentiate in that world. And so what we saw was the streaming opportunity in CTV. And we were that DSP that — the SSP that I just described at Rubicon Project. And so we decided went through the traditional build-buy-partner scenario to try to get into the streaming business, and we decided the best path was buy. And so we acquired Telaria, then we acquired SpotX and then we acquired SpringServe, the ad server.
So if you start to look at the assets that we have and the products that we have, it’s quite different than the SSP of old. And what we are finding is
