Magnite Benefits from Deeper Partnerships - Stock Breaks out of Base to Reach Annual High!
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Magnite is a digital advertising marketer that specializes in programmatic advertising, which is the automated buying and selling of advertising space in real-time. An important driver for the company is the transition from linear TV to Connected TV. On May 20 of this year, the partnership with Amazon Publisher Services (APS) was expanded, giving Magnite enhanced access to streaming TV inventory on Amazon Fire TV devices. The figures published on August 6 for the second quarter signal further growth, with revenue and EBITDA forecasts being exceeded....
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