", "As CTV flourishes and the media industry continues to turn to programmatic, there is a huge opportunity for an independent scaled company to offer the single most comprehensive technology in the market," said Mike Shehan, Co-Founder and CEO at SpotX. (412) 902-6511 (for international callers), investor.magnite.com under "Events and Presentations", (412) 317-0088 (for international callers). That point came out loud and clear from the company’s latest earnings conference call. BlackRock Has Launched Two Behemoth Sustainable ETFs. We qualify all of our forward-looking statements by these cautionary statements. The content is intended to be used for informational purposes only. 7 Infrastructure Stocks Excited For The $2 Trillion Biden Plan We can do the same thing with the company’s earnings-per-share (EPS). “For this, we are full of gratitude and respect.”It’s a sign of how odd China’s crackdown on the power of big tech has been compared with the rest of the world. Purchase price consists of $560 million in cash and 14 million shares of Magnite stock, for a total of $1.17 billion based on the closing price of Magnite stock as of February 4, 2021. This is 29.7% above Exxon’s existing market cap of $236.5 billion. Many U.S. banks have broken out above 2018 resistance in reaction to rising interest rates. Upside of 39%. What to Know. Weitere Informationen darüber, wie wir Ihre Daten nutzen, finden Sie in unserer Datenschutzerklärung und unserer Cookie-Richtlinie. Without limiting the foregoing, any guidance we may provide will generally be given only in connection with quarterly and annual earnings announcements, without interim updates, and we may appear at industry conferences or make other public statements without disclosing material nonpublic information in our possession. Magnite Stock Rises Over 20% on Its $1.17 Billion Deal for SpotX The advertising platform also reported preliminary Q4 2020 results with a nearly 20% advance in revenue. Magnite will discuss additional details about the transaction and Q4 2020 results on its Q4 2020 earnings conference call on Wednesday, February 24th. See "Reconciliation of revenue to pro-forma non-GAAP Net Revenue" and "Reconciliation of net income (loss) to Adjusted EBITDA," included as part of this press release. It is very important to do your own analysis before making any investment. SpotX total preliminary non-GAAP net revenue (1)(2) for 2020 was $116 million, of which $67 million was CTV ; Purchase price consists of $560 million in cash and 14 million shares of Magnite stock, for a total of $1.17 billion based on the closing price of Magnite stock as of February 4, 2021 SpotX is known as one of the leading platforms shaping CTV and video advertising globally. It will need to submit reports on self-regulation to the authority for three consecutive years.Alibaba said it will hold a conference call Monday morning Hong Kong time to address the antitrust watchdog’s decree. Impairment charges are non-cash charges related to goodwill, intangible assets and/or long-lived assets. Mark Zuckerberg and Tim Cook would likely not express such public gratitude if the U.S. government were to hit Facebook Inc. or Apple Inc. with record antitrust fines.But almost everything about China’s regulatory push is out of the ordinary. Together, Magnite and SpotX will create the largest independent CTV and video advertising platform in the programmatic marketplace. Source: Harry Green / Shutterstock.com For the past two years (8 quarters) Exxon has paid 87 cents per share in quarterly dividends. And the central bank is said to be leading discussions around establishing a joint venture with local technology giants to oversee the lucrative data they collect from hundreds of millions of consumers, which would be a significant escalation in regulators’ attempts to tighten their grip over the country’s internet sector.“The high fine puts the regulator in the media spotlight and sends a strong signal to the tech sector that such types of exclusionary conduct will no longer be tolerated,” said Angela Zhang, author of “Chinese Antitrust Exceptionalism” and director of the Centre for Chinese Law at the University of Hong Kong. https://www.businesswire.com/news/home/20210204006217/en/, Harley-Davidson Nominates Ford CEO Farley to Join Its Board, UPDATE 2-Saudi-led coalition intercepts explosive-laden drones launched by Yemen's Houthis -state TV, Italian diagnostics group DiaSorin to buy Luminex for $1.8 bln, Trading clunkers for electric bikes: France moves to offer financial incentive, DiaSorin to Buy Covid-19 Test-Maker Luminex for $1.8 Billion, Saverin’s B Capital, Others Invest $1 Billion in India’s Byju’s, Record Alibaba Fine Shows China’s Big Tech Can’t Fight Back, More than just food: DoorDash, Grubhub, Uber Eats adapted to COVID-19, now plot next moves, U.K.’s Longest-Maturity Bond Offer Has Buyers Waiting to Pounce, Student loan forgiveness: What $10,000 in cancellation would look like by U.S. state. In some cases, you can identify forward-looking statements by terms such as "may," "might," "will," "objective," "intend," "should," "could," "can," "would," "expect," "believe," "design," "anticipate," "estimate," "predict," "potential," "plan" or the negative of these terms, and similar expressions. Applying Morningstar’s 5-year avg. It will be doing so with a mix of cash, shares of MGNI stock, and debt secured from Goldman Sachs (NYSE: GS). Combined pro forma non-GAAP net revenue includes (i) preliminary unaudited non-GAAP net revenue for SpotX for 2020 or Q4, as applicable; (ii) preliminary unaudited non-GAAP net revenue for Magnite for 2020 or Q4, as applicable; and (iii) with respect to full year 2020, Telaria’s unaudited non-GAAP net revenue for Q1 2020 (since the Telaria merger closed on April 1, 2020, and therefore Telaria Q1 2020 results are not represented in Magnite’s full year 2020 reported results). Charlie Munger Prefers Alibaba Stock to Treasury Bills. Other companies may calculate Adjusted EBITDA differently than we do, limiting its usefulness as a comparative measure. These ratios are based on earnings and sales estimates provided by Seeking Alpha on their Earnings tab for Exxon Mobil stock. To this end, Yu rates XPEV shares a Buy along with a $48 price target. Non-GAAP net revenue would represent our revenue if we were to record all of our revenue on a net basis. Magnite (Nasdaq: MGNI), the largest independent sell-side advertising platform, today announced that it has entered into a definitive agreement to acquire SpotX from RTL Group for $1.17 billion in cash and stock. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn’t matter if you have $500 in savings or $5 million. We look forward to participating in the future success of SpotX and Magnite as shareholders in the combined entity.". The purchase price consists of $560 million in cash and 14 million shares of Magnite stock. On the date of publication, Mark R. Hake did not hold a long or short position in any of the securities in this article. Then, RTL Group put SpotX up for sale. What to Do After Maxing Out Your Roth IRA, ‘This is the single worst time to be a passive investor’: veteran investor, JPMorgan Chase Could Hit New Highs After Earnings. We define non-GAAP net revenue as GAAP revenue less amounts paid to sellers that are included within cost of revenue for the portion of our revenue or SpotX’ revenue, as applicable, that is reported on a gross basis. That works out to $3.48 per share each year. It also cited dealers reporting strong demand for the longest-dated gilts.The success of Britain’s vaccination roll-out and plans to gradually reopen the economy have pressured gilts, lifting 50-year yields to their highest since 2019 last month. The combined company will provide better support for sellers, create an alternative to the CTV advertising market’s largest players, and greatly improve scale and efficiency for buyers. "We built SpotX with the mission of becoming the leading global video advertising platform, and our goal is now coming to fruition with Magnite. These forward-looking statements represent our estimates and assumptions only as of the date of the report in which they are included. At the time of the announcement, it valued SpotX at $1.17 billion, although the 14 million in new stock is worth more than it was prior to the deal's reveal. Forward-looking statements may include, but are not limited to, statements concerning the proposed acquisition of SpotX and/or the anticipated benefits thereof; completion of the proposed acquisition of SpotX on anticipated terms and timing; potential impacts of the COVID-19 pandemic on our business operations, financial condition, and results of operations and on the world economy; our anticipated financial results; strategic objectives, including our focus on connected television ("CTV"), mobile, video, header bidding, Demand Manager, identity solutions and private marketplace opportunities; investments in our business; development of our technology; the elimination of third-party cookies and the shift to a publisher focused identity regime; industry growth rates for ad-supported CTV and the shift in video consumption from linear TV to CTV; introduction of new offerings; the impact of our traffic shaping technology on our business; scope and duration of client relationships; the fees we may charge in the future; business mix and expansion of our CTV, mobile, video and private marketplace offerings; sales growth; client utilization of our offerings; our competitive differentiation; our market share and leadership position in the industry; market conditions, trends, and opportunities; certain statements regarding future operational performance measures including ad requests, fill rate, paid impressions, average CPM, take rate, and advertising spend; benefits from supply path optimization; and other statements that are not historical facts. The 5-year-old, local start-up was recently selected by SAIC (GM and VW’s main JV Chinese partner) to supply its ADAS/AD chipset. Here’s what you need to know about 2021 COVID-relief payments and more. The company expects the transaction to close in the second quarter of 2021, subject to receipt of regulatory approvals and satisfaction of customary closing conditions. Likewise, the acquisition will make it easier for brands and agencies to buy premium CTV inventory at scale with standard features and a single, addressable pool of audiences. But in the year since, Magnite’s stock price soared, going up 600% in a single year. And the shock of the crackdown will continue to resonate with peers from Tencent Holdings Ltd. and Baidu Inc. to Meituan, forcing them to tread far more carefully on business expansions and acquisitions for some time to come.What Bloomberg Intelligence SaysChina’s record fine on Alibaba may lift the regulatory overhang that has weighed on the company since the start of an anti-monopoly probe in late December. Those comments set in motion an unprecedented regulatory offensive, including scuttling Ant’s $35 billion initial public offering.It remains unclear whether the watchdog or other agencies might demand further action. A reconciliation of net loss to Adjusted EBITDA is included at the end of this press release. A spokeswoman for Byju’s declined to comment on the fundraising.Byju Raveendran, the education company’s founder and chief executive officer, said in an interview earlier in the week that the platform is looking to make acquisitions to quicken the pace of growth in markets like the U.S. Although Adjusted EBITDA is frequently used by investors and securities analysts in their evaluations of companies, Adjusted EBITDA has limitations as an analytical tool, and should not be considered in isolation or as a substitute for analysis of our results of operations as reported under GAAP. Magnite on Feb. 5 announced the acquisition of SpotX, a video advertising platform from RTL Group for $1.17 billion in a cash and stock transaction. The launches, after a record number of billion-dollar disasters in 2020, show that sustainable investing is “mainstream,” particularly as countries and companies adopt net-zero carbon emissions targets in concordance with the Paris agreement on climate change, says Carolyn Weinberg, BlackRock’s head of product for its ETF operation, iShares. I am thrilled about what we will achieve together. This coincides with their intention to maintain a “strong” dividend, mentioned 10 times on the conference call. The 18.2 billion yuan ($2.8 billion) fine, to penalize the anti-competitive practice of merchant exclusivity, is equivalent to 4% of Alibaba’s 2019 domestic sales. Max out your 401(k) each year, and be sure to get your 401(k) employer match, if you have one. Ad tech company Magnite is buying SpotX in play to deepen its strength in streaming TV Ad tech company Magnite is acquiring SpotX, a platform for connected TV and video advertising, for $1.17 billion in cash and stock. The penalty will not shake up its business model, either,” said Jet Deng, an antitrust lawyer at the Beijing office of law firm Dentons.Still, neither Zhang nor state media addressed lingering questions around the extent to which Beijing remains intent on reining in its internet and fintech giants, a broad campaign that’s wiped more than $250 billion off Alibaba’s valuation since October. Cash and carry traders seek to profit from the spread between bitcoin's price in futures and spot markets. Here Are 14 to Watch. XPeng to Produce Its Own Chips; Analyst Weighs In. SpotX total preliminary non-GAAP net revenue (1)(2) for 2020 was $116 million, of which $67 million was CTV. For example, if my 34% higher price target takes two years, the average annual return will be just 16% each year on a compounded basis. Morningstar says this is 1.25 times over the last five years. “Industry sources indicate XPeng is actively recruiting chip engineers,” said Deutsche Bank’s Edison Yu, who believes this suggests “there are plans to grow this effort moving forward.” “In our view,” Yu further noted, “We do not expect any near-term changes as both XPILOT 3.5 and 4.0 will use Nvidia chips (Xavier and Orin), but believe similar to Tesla/NIO, XPeng wants to ultimately use a custom designed chip purpose built to train its neural net (to use in XPILOT 5.0) rather than a general purpose chip, in order to maximize performance/ efficiency and lower cost.” Yu thinks local rival Nio, is “likely” fast at work on a similar project after poaching Xiaomi's chip division manager. Sie können Ihre Auswahl jederzeit ändern, indem Sie Ihre Datenschutzeinstellungen aufrufen. The estimates can vary depending on which aggregation service is used. Stock picking is ripe for a shift away from passive investing, which could suffer a decade of low or nonexistent returns, says Bill Smead. The Company will host a conference call on February 24, 2020 at 1:30 PM (PT) / 4:30 PM (ET) to discuss the results for its fourth quarter of 2020. The purchase price consists of €468 million in cash and 14.0 million shares of Magnite stock. Exxon Mobil Corp. (NYSE:XOM) is not going to lower its dividend no matter what it costs the company. Ad tech company Magnite is acquiring SpotX, a platform for connected TV and video advertising, for $1.17 billion in cash and stock. Gibson Dunn provided legal counsel to Magnite. For example, TipRanks.com says that 18 analysts have an average price target of just $60.68. Answers to your COVID relief questions, Traders Opting for Cash and Carry Strategy as Bitcoin’s ‘Contango’ Widens, Delta Airlines to Report Loss in 2021, Unless There is Significant Recovery in Traffic: Cowen. They sent a clear message to the country’s largest corporations and their leaders that anti-competitive behavior will have consequences.For Alibaba, the $2.8 billion fine was less severe than many feared and helps lift a cloud of uncertainty hanging over founder Jack Ma’s internet empire. In addition to our GAAP results, we review certain non-GAAP financial measures to help us evaluate our business, measure our performance, identify trends affecting our business, establish budgets, measure the effectiveness of investments in our technology and development and sales and marketing, and assess our operational efficiencies. The 39-year-old former teacher and son of educators said the pandemic has dramatically improved attitudes about online learning among teachers, students and parents.The startup’s K-12 learning app has more than 80 million registered users in India, who mainly learn simplified math and science concepts through animated games and videos.It is now branching into offline exam preparation as well as one-on-one lessons in coding and math in global markets including the U.S., Latin America and Australia. SpotX total preliminary non-GAAP net revenue (1)(2) for 2020 was $116 million, ... for a total of $1.17 billion based on the closing price of Magnite stock as of February 4, 2021 These statements are not guarantees of future performance; they reflect our current views with respect to future events and are based on assumptions and estimates and subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from expectations or results projected or implied by forward-looking statements. Half-a-dozen companies announced unicorn-level capital raises earlier this week. Magnite is targeting in excess of $35 million in run-rate operating cost synergies, with more than half of the synergies realized within the first year of combined operations. Similarly, Yahoo! “Timing is … Sie können 'Einstellungen verwalten' auswählen, um weitere Informationen zu erhalten und Ihre Auswahl zu verwalten. One thing to note is that although the $3.48 dividend exceeds the forecast earnings of $2.87 this year (2021). The agreement implies an enterprise value (100 per cent) for SpotX of €977 million, based on the closing price of Magnite stock as of February 4th 2021. 1 month ago - CNBC Magnite Set To Acquire SpotX In $1.17B Deal To Create Largest Independent Video Advertising Platform Adjusted EBITDA provides a measure of consistency and comparability with our past performance that many investors find useful, facilitates period-to-period comparisons of operations, and also facilitates comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. Regulators are said, for instance, to be concerned about Alibaba’s ability to sway public discourse and want the company to sell some of its media assets, including the South China Morning Post, Hong Kong’s leading English-language newspaper.Read more: China Presses Alibaba to Sell Media Assets, Including SCMPChina’s top financial regulators now see Tencent as the next target for increased supervision, Bloomberg News has reported. Magnite’s expanded technical capabilities and teams will be able to move more quickly and cater to a broader set of client needs, including sellers that are newer to the world of programmatic and those who have mature, programmatic-only operations. Adjusted EBITDA does not reflect cash and non-cash charges and changes in, or cash requirements for, acquisition and related items, such as certain transaction expenses and expenses associated with earn-out amounts. That’s now unleashing appetite among money managers to pile back in looking for income-bearing assets to match liabilities .The same dealers have also been reluctant to sell their inventory of long-maturity debt this year back to the Bank of England as part of its quantitative easing program in another sign of anticipated demand. Horizon is targeting the shipment of 1 million chips this year and Yu believes it is a good example of the local industry’s chip manufacturing ambitions. SpotX is the trusted video advertising platform, enabling the world's largest media owners to monetize content & helping advertisers access premium inventory. Earlier this year, backed by BYD and Great Wall Motor, Horizon Robotics raised $900 million in a Series C round. The latest noises coming out from China suggest XPeng (XPEV) is keen to produce its own chips in-house.
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