NEW YORK (AP) — NEW YORK (AP) — Magnite, Inc. (MGNI) on Wednesday reported profit of $30.9 million in its fourth quarter.

The New York-based company said it had net income of 16 cents per share.

The digital ad exchange operator posted revenue of $186.9 million in the period. Its adjusted revenue was $165.3 million.

For the year, the company reported a loss of $159.2 million, or $1.17 per share. Revenue was reported as $619.7 million.

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