Here's a Simple Reason Why Magnite Stock Can Keep Winning

Over the past two years, Magnite (NASDAQ: MGNI) has built its business by combining former independent companies Telaria, The Rubicon Project, SpotX, and SpringServe in an attempt to dominate the connected-TV (CTV) space. And given the outsized growth CTV is experiencing, it makes sense to grab market share in this way.

Just prior to this video clip from Motley Fool Backstage Pass, recorded on Nov. 1, Fool contributor Jon Quast shared some data with fellow contributor Jason Hall. According to eMarketer, Disney's Hulu and Roku are two of the top three ad-supported CTV channels by revenue. And in the video, Jon points out that these streaming services are both Magnite customers, giving him reason to believe the company can still be a winner going forward.

Source Fool.com