Looking into the current session, Viant Technology Inc. (NASDAQ:DSP) shares are trading at $12.29, after a 0.08% spike. Moreover, over the past month, the stock went up by 13.60%, but in the past year, decreased by 42.37%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. Evaluating Viant Technology P/E in Comparison to Its PeersThe P/E ratio measures the current share price to the company's EPS. It is used by lo ...

IRVINE, Calif.--(BUSINESS WIRE)---- $DSP #AI--Viant Technology today announced that ViantAI has been named the winner in the Strategic AI Platform category at the 2025 Adweek Tech Stack Awards. ...

Viant Technology Inc. (NASDAQ:DSP) is one of the best-performing small-cap tech stocks in the past three years. On November 11, one day after Viant’s Q3 print (Nov 10), Citizens JMP’s Matthew Condon maintained “Market Outperform” and trimmed the price target to $16 from $18, citing a strong quarter. Condon noted that the contribution ex-TAC ran ~2% above consensus, and adjusted EBITDA topped the high end of guidance. Why Citizens JMP Backed Viant in November After EBITDA Beat and ex‑TAC Strength Yuganov ...

Core Viewpoint - Viant Technology Inc. is actively engaging with investors through participation in multiple upcoming conferences, highlighting its position in the CTV and AI-powered programmatic advertising sector [1]. Group 1: Upcoming Events - Viant Technology Inc. will participate in the Wolfe Research Small and Mid-Cap Conference on December 2nd, which will be held virtually [1]. - The company is scheduled for the UBS Global Technology and AI Conference 2025 on December 3rd, featuring a fireside chat from 11:35 am to 12:05 pm MT [1]. - Additionally, Viant will attend the Raymond James 2025 TMT and Consumer Conference, although specific details for this event were not provided [1].

Summary of Viant Technology FY Conference Call Company Overview - **Company**: Viant Technology (NasdaqGS:DSP) - **Business Model**: Viant operates as a demand-side platform (DSP) that assists advertisers in purchasing ads, charging a fee based on the ad spend. For example, if an advertiser spends $100, Viant may retain 10% as a fee, equating to $10, while the remaining $90 is used for ad purchases [3][4]. Industry Context - **Competition**: Viant competes with major players in the DSP space, including Google (DV360), The Trade Desk, Amazon, and Yahoo. Notably, three of these competitors have conflicts of interest as they also sell ads, making Viant and The Trade Desk the primary independent options for advertisers seeking objectivity [3][4]. - **Market Dynamics**: The digital advertising market is shifting, with brand advertising growth lagging behind direct response advertising. Viant's platform has seen 46% of its ad spend in connected TV (CTV), which is growing faster than traditional channels [35][36]. Key Innovations and AI Integration - **Vion AI**: Launched to create an autonomous advertising platform, Vion AI includes features like AI Bidding, which saves customers an average of 40% on costs, and AI Planning, which automates media planning processes that typically take weeks into just 60 seconds [10][11][12]. - **AI Decisioning**: Set to launch in 2026, this feature aims to fully automate ad campaign creation and optimization, removing human oversight and enhancing efficiency [24][25]. Strategic Partnerships and Market Positioning - **Target Audience**: Viant is focusing on direct-to-consumer e-commerce companies, leveraging partnerships with measurement companies to gain trust and visibility among advertisers who primarily use platforms like Meta [44][45]. - **Addressability Advantage**: Viant's Household ID spans 95% of U.S. households, providing a significant edge in targeting and addressability compared to competitors [48]. Financial Outlook and Growth Potential - **Growth Projections**: Viant anticipates a growth rate of 16% year-over-year, with potential for acceleration due to the removal of political ad spending headwinds and the onboarding of large clients like Molson Coors [74][77]. - **Acquisition Strategy**: The company remains opportunistic regarding acquisitions, focusing on exclusive data and intelligence that can enhance its competitive position [82]. Conclusion - **Market Position**: Viant is positioned as a strong competitor in the DSP market, with a focus on innovation through AI and a commitment to objectivity in ad buying. The company is optimistic about future growth, particularly with the upcoming launch of AI Decisioning and the acquisition of significant clients [84][86].

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Core Insights - Luoyang Petrochemical, a subsidiary of Sinopec, has shut down its two crude oil units for maintenance until the end of November [1] Company Summary - The maintenance closure affects the operations of Luoyang Petrochemical, which is part of the larger Sinopec refining network [1] - The duration of the maintenance is expected to last until the end of November, indicating a significant operational pause for the company [1] Industry Summary - The closure of crude oil units at a major refinery like Luoyang Petrochemical may impact crude oil supply dynamics in the region [1] - Maintenance activities are common in the refining industry, but extended shutdowns can lead to fluctuations in market supply and pricing [1]

Core Insights - Viant Technology reported quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.13 per share, and down from $0.15 per share a year ago, representing an earnings surprise of -7.69% [1] - The company posted revenues of $85.58 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.34%, and significantly up from $47.35 million year-over-year [2] - Viant shares have declined approximately 54.7% year-to-date, contrasting with the S&P 500's gain of 14.4% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.20 on revenues of $97.48 million, and for the current fiscal year, it is $0.44 on revenues of $331.22 million [7] - The estimate revisions trend for Viant was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Technology Services industry, to which Viant belongs, is currently ranked in the top 34% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Skillsoft Corp., another company in the same industry, is expected to report quarterly earnings of $1.26 per share, reflecting a year-over-year increase of +169.2% [9]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was $85.6 million, representing a 7% year-over-year increase and a 10% quarter-over-quarter increase, exceeding the midpoint of guidance [32] - Contribution XTAC totaled $53 million, up 12% year-over-year and 10% sequentially, reaching the high end of guidance [32] - Adjusted EBITDA for Q3 was $16 million, growing 9% year-over-year and 42% sequentially, with an adjusted EBITDA margin of 30% [38] Business Line Data and Key Metrics Changes - Excluding political ad spend from the prior year, Q3 revenue increased 19% year-over-year, and contribution XTAC increased 22% year-over-year on a pro forma basis [33] - CTV accounted for a record high of 46% of total platform spend, with nearly half running through Direct Access premium publishers [36] - Revenue attached to the Iris ID more than doubled sequentially versus the prior quarter, indicating strong demand for contextually targeted campaigns [15] Market Data and Key Metrics Changes - Spend across emerging digital channels, including CTV, streaming audio, and digital out of home, represented approximately 56% of total platform spend in Q3, up from 50% in 2024 and 43% in 2023 [36] - The majority of leading streaming services have joined the Direct Access program, enhancing the platform's capabilities [12] Company Strategy and Development Direction - The company aims to maintain its dominant position in the mid-market while expanding up-market with major U.S. advertisers and down-market to performance advertisers [23] - The launch of AI Decisioning is expected to enhance the self-service capabilities of the platform, making it more accessible for SMBs and direct-to-consumer e-commerce companies [29] - The partnership with Molson Coors highlights the company's ability to attract major U.S. brands seeking data-driven campaigns [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the underlying performance of the business, with expectations for accelerating growth in 2026 driven by new client onboarding [44] - The company anticipates significant EBITDA margin expansion in 2026, supported by improved operational efficiencies and the integration of recent acquisitions [44] Other Important Information - The company ended Q3 with $161 million in cash and cash equivalents, no debt, and full access to a $75 million credit facility [39] - The share repurchase program has returned $59.6 million to shareholders since its launch, signaling confidence in long-term value [40] Q&A Session Summary Question: What is the difference with the third AI product launching in Q4? - Management indicated that AI Decisioning will complete the Viant AI suite, enabling full self-driving capabilities for ad campaigns, reducing the need for human intervention [51][52] Question: Is the 600 basis point headwind from a merger client a one-time issue? - Management clarified that the headwind is primarily from a seasonal client and will not significantly impact other quarters [48] Question: How does the company plan to grow awareness among SMB advertisers? - The strategy includes channel partnerships and a self-service sign-up flow to attract direct-to-consumer e-commerce companies [58][60] Question: What is the expected incremental spend from the Molson Coors partnership? - While specific figures cannot be disclosed, management expects the partnership to scale over time, contributing to the $250 million incremental spend pipeline [62] Question: How does the competitive environment look with companies like Amazon and Google? - Management noted that competition remains consistent, with Viant's objective buy-side approach differentiating it from competitors who have conflicts of interest [64][66]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was $85.6 million, representing a 7% year-over-year increase and a 10% quarter-over-quarter increase, exceeding the midpoint of guidance [29] - Contribution XTAC totaled $53 million, up 12% year-over-year and 10% sequentially, reaching the high end of guidance [29] - Adjusted EBITDA for Q3 was $16 million, growing 9% year-over-year and 42% sequentially, exceeding guidance by 7% [35] Business Line Data and Key Metrics Changes - Excluding political ad spend, revenue increased 19% year-over-year, and contribution XTAC increased 22% year-over-year on a pro forma basis [30] - CTV ad spend reached a record high, accounting for 46% of total platform spend, with nearly half running through Direct Access premium publishers [32] - Contribution XTAC across the top 100 customers grew by 18% year-over-year on a trailing 12-month basis [31] Market Data and Key Metrics Changes - Spend across emerging digital channels, including CTV and streaming audio, represented approximately 56% of total platform spend in Q3, up from 50% in 2024 and 43% in 2023 [32] - The majority of leading streaming services have joined the Direct Access program, enhancing CTV ad spend [11] Company Strategy and Development Direction - The company aims to maintain its dominant position in the mid-market while expanding up-market with major U.S. advertisers and down-market to performance advertisers [21] - The launch of AI Decisioning is expected to enhance the self-service capabilities of the platform, targeting SMBs and direct-to-consumer e-commerce companies [25][44] - The partnership with Molson Coors highlights the company's ability to attract major U.S. brands seeking data-driven campaigns [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the underlying performance, with expectations for accelerating growth in 2026 driven by new client onboarding [40] - The company anticipates easing headwinds from political ad spend starting in Q1 2026, which will positively impact revenue growth [39] - Management noted that the competitive landscape is evolving, with a focus on objectivity and independence in advertising solutions [51][53] Other Important Information - Non-GAAP net income for Q3 was $11.2 million, down 9% year-over-year, primarily due to lower interest income and higher income tax expense [35] - The company ended the quarter with $161 million in cash and cash equivalents and no debt, indicating a strong financial position [36] Q&A Session Summary Question: What is the significance of the third AI product being launched? - The third AI product, AI Decisioning, will complete the Viant AI suite, enabling full automation of ad campaigns, making it easier for advertisers to achieve their goals [44] Question: How will the merger client impact guidance? - The merger client was seasonal, and the significant impact was primarily in Q3, with minimal ongoing headwind expected [43] Question: Has competition increased from Amazon DSP? - No significant increase in competition was noted, with Amazon's DSP being a small portion of their revenue [45] Question: How will the company grow awareness among SMB advertisers? - The company plans to leverage channel partnerships and focus on demonstrating true performance to attract SMBs [46] Question: What is the expected incremental spend from the Molson Coors partnership? - While specific figures cannot be disclosed, the partnership is expected to scale significantly over the years [49] Question: How does the company view the competitive environment? - The competitive landscape is perceived as narrowing, with a focus on objectivity and serving the interests of marketers [51][53]