Magnite, Inc. provides technology solutions to automate the purchase and sale of digital advertising inventory.
The company is an independent omni-channel sell-side advertising platform (‘SSP’), offering a single partner for transacting globally across all channels, formats, and auction types, and the largest independent programmatic CTV marketplace, making it easier for buyers to reach CTV audiences at scale from industry-leading streaming content providers, broadcasters, platforms, and device...
Magnite, Inc. provides technology solutions to automate the purchase and sale of digital advertising inventory.
The company is an independent omni-channel sell-side advertising platform (‘SSP’), offering a single partner for transacting globally across all channels, formats, and auction types, and the largest independent programmatic CTV marketplace, making it easier for buyers to reach CTV audiences at scale from industry-leading streaming content providers, broadcasters, platforms, and device manufacturers.
The company’s platform features applications and services for sellers of digital advertising inventory, or publishers that own and operate CTV channels, applications, websites, and other digital media properties, to manage and monetize their inventory; applications and services for buyers, including advertisers, agencies, agency trading desks, and demand-side platforms (‘DSPs’), to buy digital advertising inventory; and a transparent, independent marketplace that brings buyers and sellers together and facilitates intelligent decision-making and automated transaction execution at scale. The company’s clients include many of the world’s leading buyers and sellers of digital advertising inventory. The company’s platform processes trillions of ad requests per month, allowing buyers access to a global, scaled, independent alternative to ‘walled gardens,’ which both own and sell inventory and maintain control on the demand side.
The company’s streaming SSP and ad server offer CTV sellers a holistic solution for workflow, yield management, and monetization across both programmatic and direct-sold video inventory. The company provides sellers with a full suite of tools to protect the consumer viewing experience and brand safety expectations, while increasing revenue opportunities, including forecasting tools, customized ad experiences, and ad formats, as well as advanced podding logic. These tools are particularly important to CTV sellers, who need to provide a TV-like viewing and advertising experience for consumers. For instance, the company’s ad-pod feature provides publishers with a tool analogous to commercial breaks in traditional linear television, so that they can request and manage several ads at once from different demand sources. Other tools the company offers include audio normalization tools to control for the volume of an ad relative to content, frequency capping to avoid exposing viewers to repetitive ad placements, and creative review so that a publisher can review and approve the ad units being served to its properties.
Buyers leverage the company’s platform to manage their advertising spend and reach their target audiences on brand-safe premium inventory, simplify order management and campaign tracking, obtain actionable insights into audiences for their advertising, and access impression-level purchasing from thousands of sellers.
The company operates its business on a worldwide basis, with an established operating presence in North America, Australia, and Europe, and a developing presence in Asia and South America. The company’s non-U.S. subsidiaries and operations perform primarily sales, marketing, and service functions.
Identity Solutions
The company offers identity solutions that help buyers and sellers create better matches and increase advertising return on investment (ROI) and the value of the underlying impression. The company’s tools enable sellers to create audience segments based on first-party data, which makes their advertising inventory more valuable to buyers looking to achieve specific campaign goals. In addition, the company’s technology is integrated with a number of third-party data, attribution and identity vendors, allowing buyers and sellers to leverage these solutions directly through its platform without the need for multiple vendor contracts. The company recently launched Magnite Curator Marketplace, a self-service platform that allows buyers to create custom marketplaces that include curated pools of inventory that are enriched with the buyer's first-party or third-party data.
Header Bidding and Demand Manager Solutions
The company is integrated with all of the major header-bidding standards, including Prebid.org, which it co-founded, as well as the solutions offered by Google and Amazon. The company also provides a software solution called Demand Manager that helps desktop and mobile sellers manage all of their header-bidding advertising inventory.
Transparency and Controls
The company generates revenue each time an impression is monetized on its platform based on a simple and transparent fee structure established with its publisher partners. The company’s clients direct the sale and management of ad inventory through its platform, including the ability to define supply hierarchies and demand tiers, and establish advertiser and category level blocked and allowed lists. The company provides sellers with detailed analytics, which allows them to effectively monitor buying patterns and make real-time changes to take advantage of market dynamics and maximize their yield.
Self-Service Model
The company offers a self-service model that lets sellers access its platform without extensive involvement by its personnel. This model allows the company to scale efficiently and grow its business at a faster pace than the growth of its sales and support organization.
Buyer Tools
The company provides a suite of buyer tools designed to help buyers discover and curate inventory, append data and improve ROI in order to meet their campaign strategies. For instance, the company’s agency marketplace tools enable agency holding companies and major brands to create their own private label marketplaces and establish direct connections with sellers. Custom auction packages and audience tools give buyers a versatile and cost-effective way to curate and target inventory, using categories such as audience, context, and viewability, while the company’s deal discovery platform allows buyers to connect directly with sellers to arrange direct reserve auctions. Finally, the company’s ClearLine product is a self-service solution that provides buyers with direct access to premium CTV and video inventory. This solution helps agencies maximize the spend going towards working media, makes it easier for sellers and agencies to securely share data, improves workflow for campaigns traditionally transacted manually, and helps publishers generate more revenue and develop new sources of unique demand.
SPO and Demand Generation
The company expends a significant amount of resources cultivating relationships directly with brands and advertising agencies in order to increase revenue opportunities for sellers on its platform. One of the ways the company attracts demand to its platform is through entering into SPO agreements directly with major agency holding companies, which provide for custom integrations, data flows or volume-based discounts. Under these SPO agreements, the company may be designated as a preferred partner or otherwise enter into terms intended to increase the overall spend on its platform. In addition, the company offers brands and agencies the ability to access its platform directly, including on a managed service basis through the use of insertion orders and programmatically through its ClearLine product offering.
Independence
The company is fully aligned with the interests of its publisher clients.
Growth Strategies
The key elements to the company’s long-term growth strategy are to focus on CTV, supply path optimization, identity solutions, increase efficiencies on its exchange, increasing seller inventory, expand its international footprint, and continue to innovate and enhance its platform.
Sales and Marketing
The company markets its solution to buyers and sellers through global sales teams that operate from various locations around the world. These teams leverage market knowledge and expertise to demonstrate the benefits of its solution to buyers and sellers. The company deploys a professional services team with each seller integration to assist sellers in getting the most value from its platform. The company’s buyer team, which is separately managed, focuses on collaborating with and increasing spend from DSPs, agencies, and brands, and its client services teams work closely with clients to support and execute campaigns. The company’s marketing initiatives are focused on managing its brand, increasing market awareness, and driving advertising spend to its platform. The company often presents at industry conferences, creates custom events, and invests in public relations. In addition, the company’s marketing team advertises online, in print, and in other forms of media, creates case studies, sponsors research, writes whitepapers, publishes marketing collateral, generates blog posts, and undertakes client research studies.
Competition
Overall digital advertising spending is highly concentrated in a small number of very large companies that have their own inventory, including Google, Facebook, Microsoft, Comcast, and Amazon, with which the company competes for digital advertising inventory and demand.
Regulation
There are also a number of specific laws and regulations governing the collection and use of certain types of consumer data relevant to the company’s business. For example, the Children’s Online Privacy Protection Act (‘COPPA’) imposes restrictions on the collection and use of data about users of child-directed websites.
Additionally, the company’s compliance with its privacy policies and its general consumer privacy practices are also subject to review by the Federal Trade Commission and certain State Attorneys General.
Beyond laws and regulations, the company is a member of self-regulatory bodies that set out best practices, principles, and codes of conduct related to the collection, use, and disclosure of consumer data, including the Internet Advertising Bureau (‘IAB’), the Digital Advertising Alliance, the Network Advertising Initiative, and the Europe Interactive Digital Advertising Alliance.
History
The company was founded in 2007. It was incorporated in 2007. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in 2020.