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News  ›  The Motley Fool

Why Magnite Stock Was Falling Today

The Motley Fool Logo The Motley Fool By Jeremy Bowman
Why Magnite Stock Was Falling Today

Magnite reported strong Q3 earnings with 11% revenue growth and 18% Connected TV revenue increase, but stock fell due to disappointing Q4 growth guidance, particularly in the DV+ business segment.

Insights
GOOG   positive

Launched updates to ARCore and Google Lens, expanding AR mapping and object recognition features


MGNI   negative

Despite beating Q3 earnings estimates, the company's weak Q4 growth guidance of 2-5% for its DV+ business caused investor concern and stock price decline