Viant Technology (DSP) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.1 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10.00%. A quarter ago, it was expected that this advertising software company would post earnings of $0.01 per share when it actually produced earnings of $0.03, delivering a surprise of +200%.Over the last four qu ...

Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $77.9 million, representing an 18% year-over-year increase and a 10% quarter-over-quarter increase, within guidance range [33] - Contribution ex TAC totaled $48.4 million, up 16% year-over-year and 13% sequentially, also within guidance range [33] - Adjusted EBITDA for Q2 was $11.3 million, exceeding the midpoint of guidance by 3% and growing 18% year-over-year [37] - Non-GAAP net income was $8 million, up 11% from $7.2 million in the prior year [38] Business Line Data and Key Metrics Changes - CTV accounted for approximately 45% of total ad spend on the platform, with CTV spend reaching an all-time high for a second quarter [35][36] - Ad spend linked to Household ID increased 15% year-over-year, indicating strong utilization among advertisers [10] - Contribution ex TAC across the top 100 continuing customers grew by 21% year-over-year on a trailing twelve-month basis [34] Market Data and Key Metrics Changes - Spend across emerging digital channels, including CTV, streaming audio, and digital out-of-home, represented nearly 55% of total platform spend in Q2, up from 50% in 2024 [36] - Video, inclusive of CTV, continues to represent 60% of total platform spend, reflecting a shift towards high-impact measurable performance [36] Company Strategy and Development Direction - The company is focusing on expanding its addressable market beyond mid-market advertisers to include major US advertisers and data-driven advertisers [22][30] - Viant AI is positioned as a fully autonomous solution aimed at improving operational efficiency and cost savings for advertisers [19][31] - The company plans to continue investing in innovation across its product suite, particularly in Viant AI, to capture a larger share of the market [44] Management's Comments on Operating Environment and Future Outlook - Management acknowledged temporary disruptions due to economic policy actions affecting revenue growth, estimating a headwind of approximately 1,200 basis points for Q3 [34][42] - Despite these challenges, the company remains optimistic about long-term growth, supported by a pipeline of new business opportunities exceeding $250 million in ad spend [35][43] - The company expects to see accelerating revenue and contribution ex TAC growth rates throughout 2026 [44] Other Important Information - The company has a strong balance sheet with $173 million in cash and cash equivalents and no debt [39] - A new board member, Brett Wilson, was welcomed, bringing extensive experience in technology and advertising [20] Q&A Session Summary Question: How does Viant AI stand out in a crowded market? - Management emphasized the importance of addressability solutions and the patented Household ID for effective targeting and measurement [48][49] Question: What is involved in the sales team switch to going more upmarket? - The company is actively hiring an enterprise team to target larger customers while maintaining focus on mid-market advertisers [50][51] Question: Can you expand on the $250 million in incremental ad spend? - Management confirmed that the $250 million is incremental and represents opportunities in a sector where the company has not heavily competed before [62][63] Question: What is the impact of losing a sizable advertiser? - The impact on Q3 is significant due to seasonality, but minimal effects are expected in future quarters [59] Question: How does the company plan to build direct relationships with brands? - The company is investing in its salesforce to strengthen direct relationships with advertisers and reduce reliance on agency partners [83]

Q2 2025 EARNINGS PRESENTATION August 11, 2025 1 SAFE HARBOR This presentation contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as "guidance," "believe," "expect," "estimate," "project," "plan," "will," or words or phrases wi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR Viant Technology Inc. (Exact name of registrant as specified in its charter) ______________________________________________________________________________________________________________________________________________________ (State or other jurisdiction of incorporation or organization) D ...

Exhibit 99.1 Viant Technology Announces Second Quarter 2025 Financial Results Revenue growth of 18% and gross profit growth of 17% year-over-year Contribution ex-TAC growth of 16% and adjusted EBITDA growth of 18% year-over-year Generated record CTV advertiser spend , accounting for approximately 45% of total ad spend (1) IRVINE, Calif., August 11, 2025 – Viant Technology Inc. (Nasdaq: DSP), a leader in AI-powered programmatic advertising, today reported financial results for its second quarter ended June 3 ...

Company Overview - Viant Technology (DSP) shares increased by 7.2% to close at $14.5, with notable trading volume exceeding typical levels [1] - The stock has experienced a 1.7% gain over the past four weeks, driven by secular growth in CTV, audio, and DOOH demand, along with the adoption of Viant's AI solutions [1] Earnings Expectations - Viant is expected to report quarterly earnings of $0.10 per share, reflecting a year-over-year increase of 25% [2] - Revenue projections stand at $77.8 million, representing an 87.2% increase compared to the same quarter last year [2] Earnings Estimate Trends - The consensus EPS estimate for Viant has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] - Monitoring Viant's performance is essential to determine if the recent stock price increase can lead to further strength [3] Industry Context - Viant is part of the Zacks Technology Services industry, which includes other companies like Duolingo, Inc. (DUOL) [4] - Duolingo's consensus EPS estimate has decreased by 0.7% over the past month to $0.55, with a year-over-year change of 7.8% [5] - Duolingo currently holds a Zacks Rank of 4 (Sell), contrasting with Viant's Zacks Rank of 3 (Hold) [4][5]

Group 1 - The article presents a contrarian investment stance on Viant Technology (DSP), suggesting it is undervalued despite recent market sell-offs [1] - The author employs investment strategies including GARP (Growth at a Reasonable Price), Value, and Growth, while also monitoring insider buying and stock buybacks [1] - Technical analysis tools such as Elliott Wave, EMA crossovers, and chart patterns are utilized to support the investment thesis [1]

Group 1 - Viant Technology (DSP) closed at $15.08, with a 25.9% gain over the past four weeks, and a mean price target of $21.13 suggests a 40.1% upside potential [1] - The mean estimate consists of eight short-term price targets with a standard deviation of $2.80, indicating variability among analysts; the lowest estimate is $18 (19.4% increase), while the highest is $26 (72.4% increase) [2] - Analysts show strong agreement in revising earnings estimates higher, with the Zacks Consensus Estimate for the current year increasing by 51.3% over the past month, indicating positive earnings prospects for DSP [11][12] Group 2 - DSP holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, suggesting a strong potential upside in the near term [13] - The clustering of price targets with a low standard deviation indicates a high degree of agreement among analysts regarding the stock's price movement direction, which can serve as a starting point for further research [9]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $70.6 million, representing a 32% year-over-year increase and exceeding guidance by 4% [40] - Contribution ex TAC totaled $42.7 million, up 25% year-over-year, marking the seventh consecutive quarter of over 20% growth [40] - Adjusted EBITDA increased 76% year-over-year to $5.4 million, exceeding guidance by more than 27% [44] - Non-GAAP net income was $2.8 million, up 109% from the prior year [45] Business Line Data and Key Metrics Changes - CTV accounted for over 45% of total platform spend, reflecting its dominance and the highest mix on record [42] - Ad spend linked to Household ID surged 33% year-over-year, indicating strong demand for addressability solutions [16] - The number of customers generating over $1 million in contribution ex TAC increased by 37% on a trailing twelve-month basis [41] Market Data and Key Metrics Changes - Emerging digital channels, including CTV, streaming audio, and digital out of home, represented 54% of total platform spend, the highest combined share in history [43] - Video, including CTV, accounted for 62% of total platform spend, highlighting the shift towards high-impact formats [43] Company Strategy and Development Direction - The company aims to be the premier DSP for CTV advertising, with a strategic focus on CTV dominance [12] - Viant's addressability solutions, Household ID and Iris ID, are positioned to capture market share as advertisers prioritize data-driven campaigns [16][34] - The company is investing in AI to enhance operational efficiency and improve return on ad spend for clients [20][34] Management's Comments on Operating Environment and Future Outlook - Management noted that ad spend has remained strong despite macroeconomic uncertainties related to tariffs, with limited impact observed [9][10] - The company anticipates that any delayed spending will be realized in the second half of 2025, maintaining a positive long-term growth outlook [49] - Management expressed confidence in navigating near-term challenges while capitalizing on secular growth trends in CTV and addressability [51] Other Important Information - The company has a solid financial foundation with $174 million in cash and cash equivalents and no debt [45] - A recent court ruling affirmed Google's monopolistic practices in ad tech, which could present opportunities for Viant to attract ad spend from advertisers seeking alternatives [23][24] Q&A Session Summary Question: What are you hearing from customers today regarding CTV and potential downside risks? - Management noted strong growth in CTV and limited delays in spending from a small number of advertisers affected by tariffs, indicating resilience in the advertising market [53][58] Question: How confident are you that delayed spending will materialize in the second half of the year? - Management expressed high confidence based on scheduled investments in the platform, indicating that money is being moved rather than lost [76] Question: How does Household ID differentiate from Google's new IP address implementation? - Management clarified that Household ID focuses on people-based identifiers linked to physical addresses, while Google's approach involves digital identifiers like IP addresses, which are less effective for targeted advertising [78][82]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $70.6 million, representing a 32% year-over-year increase and exceeding guidance by 4% [36] - Contribution ex TAC totaled $42.7 million, up 25% year-over-year, marking the seventh consecutive quarter of over 20% growth [36][38] - Adjusted EBITDA increased 76% year-over-year to $5.4 million, exceeding guidance by more than 27% [40] - Non-GAAP net income was $2.8 million, up 109% from the prior year [41] Business Line Data and Key Metrics Changes - CTV accounted for over 45% of total platform spend, the highest mix on record, reflecting strong growth in this segment [38] - Ad spend linked to Household ID surged 33% year-over-year, indicating strong demand for addressability solutions [14] - The share of emerging digital channels, including CTV, streaming audio, and digital out of home, represented 54% of total platform spend, the highest in history [39] Market Data and Key Metrics Changes - The advertising environment showed resilience, with year-over-year growth rates for revenue and contribution ex TAC increasing each month in Q1 2025 [6][7] - The company serves over 1,000 advertisers, with no single advertiser representing more than 5% of total ad spend, indicating a diversified customer base [8] Company Strategy and Development Direction - The company aims to strengthen its position as the premier DSP for CTV advertising, with a focus on direct access to premium inventory [11][12] - The strategic priorities include CTV, addressability, and Viant AI, with a commitment to innovation and efficiency [10][35] - The company anticipates that CTV will become the cornerstone of every advertiser's marketing strategy, with other digital channels serving complementary roles [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating macroeconomic uncertainties, citing limited impact from recent tariff announcements [7][8] - The company expects continued strong demand for CTV and addressability solutions, with a positive outlook for the second half of 2025 despite some delayed spending [45][46] - Management highlighted the importance of educating advertisers on the effectiveness of CTV and incremental lift measurement [58][60] Other Important Information - The company has a strong cash position with $174 million in cash and cash equivalents and no debt [41] - A $50 million increase to the share repurchase authorization was announced, reflecting confidence in the company's market positioning [44] Q&A Session Summary Question: Customer sentiment and CTV's role in mitigating risks - Management noted limited delays in spending from a small number of advertisers, primarily in consumer goods, but overall resilience in the advertising market [53][54] Question: Convincing advertisers to shift spend from search and social - The focus is on educating advertisers about consumer journeys and the effectiveness of CTV, with a growing preference for measuring incremental lift [58][60] Question: Confidence in delayed spending materializing in the second half - Management expressed high confidence based on scheduled platform activity, indicating that delayed spending is being replaced [69] Question: Differentiation of Household ID compared to Google's offerings - Household ID focuses on people-based identifiers linked to physical addresses, contrasting with Google's use of IP addresses, which are less effective for targeted advertising [71][75]