NEW YORK (AP) — NEW YORK (AP) — Magnite, Inc. (MGNI) on Wednesday reported a loss of $17.8 million in its first quarter.

On a per-share basis, the New York-based company said it had a loss of 13 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 5 cents per share.

The digital ad exchange operator posted revenue of $149.3 million in the period. Its adjusted revenue was $130.6 million.

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