Why $MGNI Will Soar After $NFLX’s Blowout Earnings Yesterday
Posted: Jan 23, 2025
- Magnite ($MGNI) is a good stock to buy based on takeaways from Netflix's ($NFLX) successful quarter
- Magnite powers ads on platforms like Disney, Netflix, and others
- Magnite dominates the ad-supported streaming market, especially with the rise of connected TV
- Strong partnerships with companies like Disney, Netflix, Samsung, FIFA, and United Airlines
- Magnite's financials show growth potential, especially with the holiday season and partnerships
- Magnite connects advertisers with streaming services, earning a fee for each transaction
- Magnite is well-positioned to benefit from the growing ad-supported streaming market
- Current market cap for Magnite is $2.3B
- OP has 6,330 shares in Magnite and suggests March calls for earnings pop opportunities.
What do people on Reddit think?
🚨 Reddit sentiment: mixed/positive - While there are concerns such as insider selling, most comments are optimistic about $MGNI's potential growth due to its partnerships and the strong performance of $NFLX, which is likely to benefit $MGNI. Summarized comments: - $MGNI expected to benefit from $NFLX's strong earnings, as it is a major player in the ad-supported streaming market - Magnite has key partnerships with companies like Netflix and Disney, increasing its growth prospects - Magnite not competing directly with The Trade Desk as they serve different parts of the ad ecosystem - Some concern about recent insider selling of Magnite stock - Technical analysis suggests potential for $MGNI to rise due to moving average pressures - Magnite's revenue model includes take rates, ad space sales, platform usage fees, and strategic partnerships Stock tickers discussed: $MGNI, $NFLX, $TTD
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