SUPPLEMENTAL DISCLOSURES OF OTHER CASH FLOW INFORMATION: Capitalized assets financed by accounts payable and accrued expenses, RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA, Depreciation and amortization expense, excluding amortization of acquired intangible assets, RECONCILIATION OF NET LOSS TO NON-GAAP INCOME (LOSS), Acquisition and related items, including amortization of acquired intangibles. Adjusted EBITDA does not reflect non-cash charges related to acquisition and related items, such as amortization of acquired intangible assets and changes in the fair value of contingent consideration. These risks include, but are not limited to: the severity, magnitude, and duration of the novel coronavirus pandemic, including impacts of the pandemic and of responses to the pandemic by governments, business and individuals on our operations, personnel, buyers, sellers, and on the global economy and the advertising marketplace; our ability to successfully integrate the Telaria business, and realize the anticipated benefits of the merger; our ability to grow and to manage our growth effectively; our ability to develop innovative new technologies and remain a market leader; our ability to attract and retain buyers and sellers of digital advertising inventory, or publishers, and increase our business with them; our vulnerability to loss of, or reduction in spending by, buyers; our reliance on large sources of advertising demand, including demand side platforms ("DSPs") that may have or develop high-risk credit profiles or fail to pay invoices when due, including as a result of lower ad spending generally and/or general liquidity constraints experienced by buyers resulting from the novel coronavirus pandemic; our ability to maintain and grow a supply of advertising inventory from sellers and to fill the increased inventory; the effect on the advertising market and our business from difficult economic conditions or uncertainty; the freedom of buyers and sellers to direct their spending and inventory to competing sources of inventory and demand; our ability to cause buyers and sellers to use our solution to purchase and sell higher value advertising and to expand the use of our solution by buyers and sellers utilizing evolving digital media platforms, including CTV; our reliance on large aggregators of advertising inventory, and the concentration of CTV among a small number of large publishers that enjoy significant negotiating leverage; our ability to introduce new offerings and bring them to market in a timely manner, and otherwise adapt in response to client demands and industry trends, including shifts in linear TV to CTV, digital advertising growth from desktop to mobile channels and other platforms and from display to video formats and the introduction and market acceptance of Demand Manager; uncertainty of our estimates and expectations associated with new offerings, including CTV, header bidding, private marketplace, mobile, video, Demand Manager, and traffic shaping; the possibility of lower take rates and the need to grow through increasing the volume and/or value of transactions on our platform and increasing our fill rate; our vulnerability to the depletion of our cash resources as a result of the adverse impacts of the novel coronavirus pandemic, or as we incur additional investments in technology required to support the increased volume of transactions on our exchange and development of new offerings; our ability to support our growth objectives with reduced resources from our cost reduction initiatives; our ability to raise additional capital if needed and/or renew our working capital line of credit; our limited operating history and history of losses; our ability to continue to expand into new geographic markets and grow our market share in existing markets; our ability to adapt effectively to shifts in digital advertising; increased prevalence of ad-blocking or cookie-blocking technologies and the slow adoption of common identifiers; the slowing growth rate of desktop display advertising; the growing percentage of online and mobile advertising spending captured by owned and operated sites (such as Facebook, Google and Amazon); industry growth rates for ad-supported CTV and the shift in video consumption from linear TV to digital mediums such as CTV and over-the-top ("OTT"); the adoption of programmatic advertising by CTV publishers; the effects, including loss of market share, of increased competition in our market and increasing concentration of advertising spending, including mobile spending, in a small number of very large competitors; the effects of consolidation in the ad tech industry; acts of competitors and other third parties that can adversely affect our business; our ability to differentiate our offerings and compete effectively in a market trending increasingly toward commodification, transparency, and disintermediation; requests for discounts, fee concessions or revisions, rebates, refunds, favorable payment terms and greater levels of pricing transparency and specificity; our ability to ensure a high level of brand safety for our clients and to detect “bot” traffic and other fraudulent or malicious activity; the effects of seasonal trends on our results of operations; costs associated with defending intellectual property infringement and other claims; our ability to attract and retain qualified employees and key personnel; political uncertainty and the ability of the company to attract political advertising spend; our ability to identify future acquisitions of or investments in complementary companies or technologies and our ability to consummate the acquisitions and integrate such companies or technologies; and our ability to comply with, and the effect on our business of, evolving legal standards and regulations, particularly concerning data protection and consumer privacy and evolving labor standards. Adjusted EBITDA should not be considered as an alternative to net income (loss), income (loss) from operations, or any other measure of financial performance calculated and presented in accordance with GAAP. However, a potential limitation of our use of non-GAAP earnings (loss) per share is that other companies may define non-GAAP earnings (loss) per share differently, which may make comparison difficult. Forward-looking statements may include, but are not limited to, statements concerning the potential impacts of the novel coronavirus pandemic on our business operations, financial condition, and results of operations and on the world economy; our anticipated financial performance, including, without limitation, revenue, advertising spend, non-GAAP loss per share, profitability, net loss, Adjusted EBITDA, loss per share, and cash flow; anticipated benefits or effects related to the consummation of the merger with Telaria; including estimated synergies and cost savings resulting from the merger; strategic objectives, including focus on header bidding, connected television ("CTV"), mobile, video, Demand Manager, and private marketplace opportunities; investments in our business; development of our technology; industry growth rates for ad-supported CTV and the shift in video consumption from linear TV to CTV, including with respect to cord-cutting; introduction of new offerings; the impact of transparency initiatives we may undertake; the impact of our traffic shaping technology on our business; the effects of our cost reduction initiatives; 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; user reach; 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. (3) Non-GAAP (income) loss per share is computed using the same weighted-average number of shares that are used to compute GAAP net loss per share in periods where there is both a non-GAAP loss and a GAAP net loss. Condensed Consolidated Financial Statements (Unaudited) 3 . 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. The Rubicon Project ... including our 2018 annual report on Form 10-K, the first-quarter 2019 10-Q and subsequent filings. RUBI The Rubicon Project Inc Quarterly Report (10-q) The Company is a global advertising exchange that helps websites and applications thrive by giving them tools and expertise to sell ads easily and safely. See "Reconciliation of net loss to Adjusted EBITDA," "Reconciliation of net loss to Non-GAAP net income (loss)," and "Reconciliation of GAAP loss per share to non-GAAP net income (loss) per share" included as part of this press release. This compares to earnings of $0.03 per share a year ago. 3. Adjustments to reconcile net loss to net cash used in operating activities: (Gain) loss on disposal of property and equipment, Accretion of available for sale securities. Adjusted EBITDA and non-GAAP income (loss) per share are non-GAAP financial measures. These limitations include: Our Adjusted EBITDA is influenced by fluctuations in our revenue and the timing and amounts of our investments in our operations. Rubicon Project is the world’s largest independent sell-side advertising platform, following its recent merger with CTV leader Telaria in April 2020. Welcome to Rubicon Project's fourth-quarter 2019 earnings conference call. This press release and management's prepared remarks during the conference call referred to above include, and management's answers to questions during the conference call may include, forward-looking statements, including statements based upon or relating to our expectations, assumptions, estimates, and projections. Rubicon Project (NYSE: RUBI), the largest independent sell-side advertising platform, which merged with Telaria on April 1, 2020, today reported its results of operations for the first quarter ended March 31, 2020. Nick Kormeluk(949) 500-0003 Rubicon Project Announces Second Quarter Earnings: Organic Growth and Strategic Acquisition Fuel Robust Year-Over-Year Revenue Growth Rubicon Project Second Quarter 2015 Earnings Call 10-Q Quarterly report which provides a continuing view of a company's financial position [Operator instructions] Please note this event is being recorded. Note: The Rubicon Project and the Rubicon Project logo are registered service marks of The Rubicon Project, Inc. “This is an unprecedented time, driven by the impact of COVID-19 and corresponding effect on the global economy,” said Michael G. Barrett, CEO of Rubicon Project. Our programmatic advertising exchange helps digital publishers and advertisers execute billions of advertising transactions each month, easily and safely. Unless required by federal securities laws, we assume no obligation to update any of these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated, to reflect circumstances or events that occur after the statements are made. For the quarter, the company expects revenues between $37 million … LOS ANGELES--(BUSINESS WIRE)--May 6, 2020-- Rubicon Project (NYSE: RUBI), the largest independent sell-side advertising platform, which merged with Telaria on April 1, 2020, today reported its results of operations for the first quarter ended March 31, 2020. Magnite Website Privacy Policy | Ad Choices & Opt-Out, Magnite Reports Fourth Quarter 2020 Results, Q4 2020 Earnings Conference Call Transcript, Magnite Reports Third Quarter 2020 Results, Q3 2020 Earnings Conference Call Transcript, Magnite Reports Second Quarter 2020 Results, Q2 2020 Earnings Conference Call Transcript, Q1 2020 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports First Quarter 2020 Results, Q1 2020 Earnings Conference Call Transcript, Q4 2019 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports Fourth Quarter 2019 Results, Q4 2019 Earnings Conference Call Transcript, Q3 2019 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports Third Quarter 2019 Results, Q3 2019 Earnings Conference Call Transcript, Q2 2019 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports Second Quarter 2019 Results, Q1 2019 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports First Quarter 2019 Results, Q4 2018 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports Fourth Quarter 2018 Results, Q3 2018 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports Third Quarter 2018 Results, Q3 2018 Earnings Conference Call Transcript, Q2 2018 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports Second Quarter 2018 Results, Q2 2018 Earnings Conference Call Transcript, Q1 2018 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports First Quarter 2018 Results, Q1 2018 Financial Highlights Presentation, Q1 2018 Earnings Conference Call Transcript, Q4 2017 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports Fourth Quarter and Full Year 2017 Results, Q4 2017 Financial Highlights Presentation, Q4 2017 Earnings Conference Call Transcript, Q3 2017 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports Third Quarter 2017 Results, Q3 2017 Financial Highlights Presentation, Q3 2017 Earnings Conference Call Transcript, Q2 2017 Earnings Conference Call Transcript, Q2 2017 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports Second Quarter 2017 Results, Q2 2017 Financial Highlights Presentation, Rubicon Project Reports First Quarter 2017 Results, Q1 2017 The Rubicon Project Inc Earnings Conference Call, Q1 2017 Financial Highlights Presentation, Q4 2016 The Rubicon Project Inc Earnings Conference Call, Rubicon Project Reports Fourth Quarter 2016 Results, Q4 2016 Financial Highlights Presentation, Q3 2016 Financial Highlights Presentation, Rubicon Project Reports Third Quarter 2016 Results, Q3 2016 Rubicon Project Earnings Conference Call, Q2 2016 Financial Highlights Presentation, Rubicon Project Reports Second Quarter 2016 Results, Q2 2016 Rubicon Project Earnings Conference Call, Q1 2016 Financial Highlights Presentation, Rubicon Project Reports First Quarter Results, Rubicon Project First Quarter 2016 Earnings Call, Rubicon Project Fourth Quarter 2015 Earnings Call, Rubicon Project Posts Record Fourth Quarter and Full Year 2015 Results; Rapid Growth Delivers Full Year Profitability, Q4 2015 Financial Highlights Presentation, Q3 2015 Financial Highlights Presentation, Rubicon Project Announces Record Quarterly Results; Reports 80% Non-GAAP Net Revenue Growth Year-Over-Year, Rubicon Project Third Quarter 2015 Earnings Call, 10-Q Quarterly report which provides a continuing view of a company's financial position, Call Transcript on Plan to Provide Incremental Metrics Disclosure for Q2 2015, Q2 2015 Financial Highlights Presentation, Rubicon Project Announces Second Quarter Earnings: Organic Growth and Strategic Acquisition Fuel Robust Year-Over-Year Revenue Growth, Rubicon Project Second Quarter 2015 Earnings Call, Rubicon Project Reports First Quarter Revenue Growth of 62% and Raises Full Year 2015 Guidance on Continued Strong Outlook, Q1 2015 Financial Highlights Presentation, Rubicon Project First Quarter 2015 Earnings Call, Q4 2014 Financial Highlights Presentation, Rubicon Project Reports Record Fourth Quarter and Full Year 2014 Results, Rubicon Project Fourth Quarter 2014 Earnings Call, 10-K Annual report which provides a comprehensive overview of the company for the past year, Rubicon Project Announces Record Financial Results, Rubicon Project Announces Record Second Quarter Financial Results, Rubicon Project Announces Record First Quarter Financial Results. The Company is headquartered in Los Angeles, California. With the Rubicon Project and Telaria merger closing on April 1, 2020, second quarter 2020 financial results of the newly renamed Magnite represent the combined performance of both companies. Company Announces Significant Cost Reductions. The Investor Relations website contains information about Magnite, Inc.'s business for stockholders, potential investors, and financial analysts. Rubicon Project Reports Fourth Quarter 2019 Results Fourth Quarter Revenue Grows 17% Year over Year LOS ANGELES, California – February 26, 2020 – Rubicon Project (NYSE: RUBI), the global exchange for advertising, today reported its results of operations for the … We qualify all of our forward-looking statements by these cautionary statements. Stock-based compensation is a non-cash charge and will remain an element of our long-term incentive compensation package, although we exclude it as an expense when evaluating our ongoing operating performance for a particular period. A reconciliation for net loss to Adjusted EBITDA is included at the end of this press release. (412) 902-6511 (for international callers), Ask to join the Rubicon Project conference call, http://investor.rubiconproject.com, under "Events and Presentations", (412) 317-0088 (for international callers). We define Adjusted EBITDA as net income (loss) adjusted to exclude stock-based compensation expense, depreciation and amortization, amortization of acquired intangible assets, impairment charges, interest income or expense, and other cash and non-cash based income or expenses that we do not consider indicative of our core operating performance, including, but not limited to foreign exchange gains and losses, acquisition and related items, and provision (benefit) for income taxes. First Quarter Revenue Grew 12% Year over Year, Telaria Revenue Grew 11% & CTV Revenue Grew 74% Year over Year; Merger Closed April 1, 2020. 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. The Company's platform features applications and services for digital advertising sellers, including websites, mobile applications, and other digital media properties, to sell their advertising inventory; applications and services for buyers, including advertisers, agencies, agency trading desks, … Part I. View source version on businesswire.com: https://www.businesswire.com/news/home/20200506006001/en/, Investor Relations Contact ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. We are also very adept at navigating challenging times like these, as evidenced in our journey over the last three years. Changes in operating assets and liabilities, net of effect of business acquisitions: Capitalized internal use software development costs, Maturities of available-for-sale securities, Net cash (used in) provided by investing activities, Taxes paid related to net share settlement, EFFECT OF EXCHANGE RATE CHANGES ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH, CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH, CASH, CASH EQUIVALENTS AND RESTRICTED CASH — Beginning of period, CASH, CASH EQUIVALENTS AND RESTRICTED CASH — End of period. Non-GAAP income (loss) includes the estimated tax impact from the expense items reconciling between net loss and non-GAAP income (loss). The Rubicon Project, Inc., or Rubicon Project (the "Company"), was formed on … Because of these limitations, we also consider the comparable GAAP measure of net income (loss). The Rubicon Project (RUBI) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.14 per share. 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. © Copyright 2021 Magnite, Inc. All rights reserved. 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.