It's Time To Buy Magnite Stock!

It's Time To Buy Magnite Stock!

Magnite, the inventor of digital advertising..

Magnite Inc. is an online advertising firm based in California, USA. The company was formed in 2020 following a merger between the Rubicon Project and Telaria. Magnite works with websites and other digital publishers to sell ads on desktop, mobile, CTV.

Investors seem to like what they see!

Magnite stock rose nearly 350 percent last year as investors understood the enormous opportunity at CTV. The market responded positively to a 69 percent increase in revenue growth in the company's fourth quarter preliminary results. These results were much better than expected in a challenging environment for advertising. However, what really drove the stock to appreciate was that the growth in CTV increased 53 percent compared to the combined aggregation in the previous quarter.

Magnite is doubling in this space by acquiring CTV advertising platform SpotX.

As CTV continues to gain attention, Magnite will continue to position itself as the dominant ad distribution platform in this area. Magnite stock is a stock that will continue to rise as more investors realize this enormous market opportunity.   Source: https://www.fool.com/ You may also be interested in:

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