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  "documentTitle": "Magnite, Inc. (MGNI)",
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  "notes": "Uses a timeline-style layout to contrast historical statements against later management commentary.",
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      "text": "Pre-merger, Telaria talked about the potential benefits of CTV for the election, even expanding its risk factors around seasonality. Yet, Magnite was quiet on the topic until Q3 2020, when it began discussing the effect.",
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      "text": "Magnite Language On Elections (CEO Q3, CEO Stephens, CEO RBC, CFO Stephens)",
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      "text": "Our revenue tends to be seasonal in nature and varies from quarter to quarter... In addition, we tend to see an increase in the amount of advertising through our platform in years in which there are impending elections...",
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      "text": "CTV political spend was a positive contributor to Q3 growth as expected... It never really exceeded kind of low to mid-single digits... CTV tends to have a lower take rate",
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      "text": "\"With new addressable CTV products, enhanced VMP tool sets and those premium publisher inventory, we believe Telaria is in a strong position to capitalize on the upcoming political campaign season.\" — Telaria Pre-Merger Q3 2019",
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