SpotX, a privately held company founded in 2007 and headquartered in the US, is a global video advertising platform that allows media owners and publishers to monetize content across desktop, mobile, and connected TV devices. The company offers real-time bidding (RTB) and programmatic solutions to help media owners and publishers maximize their advertising revenue. SpotX was acquired by Magnite, a leading independent sell-side advertising platform, in 2022. As of 2023, SpotX has a team of approximately 130 employees.
Raymond James Financial Inc. acquired 545,564 shares of Magnite Inc. stock in the fourth quarter of an unspecified year, for approximately $8,685,000. Charles Schwab Investment Management Inc. increased its stake in Magnite Inc. by 1.6% during the same period, purchasing an additional 16,308 shares, resulting in ownership of 1,049,412 shares. On March 19, 2025, Magnite announced an expanded partnership with Cross Screen Media, following the 2024 election cycle; Magnite's self-service buying solution helped Cross Screen Media increase reach during this period. On March 18, Magnite completed a second term loan repricing.
SpotX (by Magnite) offers products in the ad tech industry. SpotX (by Magnite)'s product portfolio comprises of premium video and CTV.
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SpotX (by Magnite)'s revenues were less than $10M in 2023. All the revenue comes from video ad decisioning servers.
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SpotX (by Magnite)'s customers primarily consist of telecoms companies. Examples of SpotX (by Magnite)'s customers include Grab, Dish Network and University of North Carolina System. SpotX (by Magnite) has commercial and technical partners like Comcast Technology Solutions (CTS) and Amazon Web Services (AWS).
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