Viant Announces Date of Third Quarter 2025 Financial Results and Conference Call Share IRVINE, Calif.--(BUSINESS WIRE)--Viant Technology Inc. (NASDAQ: DSP) today announced it will release its third quarter 2025 financial results after U.S. markets close on Monday, November 10, 2025. Viant will host a conference call and webcast that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss business and financial performance. Date: Monday, November 10, 2025 Time: 2:00 p.m. Pacific Time / 5:00 p.m. Ea ...

Oct 2, 2025 9:30 AM Eastern Daylight Time Share Viant continues to invest in outcome-driven CTV advertising, highlighted by its acquisition of IRIS.TV, a leading provider of contextual and emotional data for streaming. In addition to the integration with Viant, Tubi's vast collection of content is now enabled with the IRIS_ID, giving advertisers buying programmatically precise contextual and emotional targeting, activation and measurement of video-level contextual and emotional data. These capabilities enab ...

Viant Technology Inc. (NASDAQ:DSP) is one of the best tech stocks under $10 to invest in. On September 11, Tom White, an analyst at D.A. Davidson, reaffirmed a Buy rating on Viant with an unchanged price target of $15. Notably, White had initiated coverage on Viant on August 28 with a Buy rating and assigned a $15 price target. His note followed the company’s robust Q2 2025 results in early August. The company reported 18% year-over-year growth in revenue to $77.9 million, led by its Connected TV (CTV) bu ...

Shares of Viant (NASDAQ: DSP ) have declined by over 30% since Q2 results were released. A couple of temporary headwinds have caused the growth expectations for Q3 to decelerate significantly. A key risk has emerged, similar to what its larger competitor, The Trade Desk (An individual investor primarily focused on undercovered companies, with up to 100 companies on my watchlist. My areas include technology, software, electronics and the energy transition. I have been investing my personal capital for over 7 ...

Core Insights - Viant's shares have dropped over 30% since the release of Q2 results, indicating significant market reaction to the company's performance [1] - Growth expectations for Q3 have notably decelerated due to temporary headwinds, which poses a risk similar to that faced by larger competitor The Trade Desk [1] Company Performance - The decline in Viant's stock price reflects investor concerns regarding its growth trajectory following the Q2 results [1] - The company is experiencing challenges that have led to a reassessment of its growth potential for the upcoming quarter [1] Market Context - Viant's situation mirrors that of The Trade Desk, suggesting broader industry challenges that may affect similar companies [1]

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]

Financial Highlights - Revenue increased by 18% year-over-year to $779 million in Q2 2025 [4, 8, 10] - Contribution ex-TAC increased by 16% year-over-year to $48 million in Q2 2025 [4, 8, 10] - Adjusted EBITDA increased by 18% year-over-year to $113 million in Q2 2025 [4, 12, 14] - Adjusted EBITDA margin was 23% of contribution ex-TAC in Q2 2025, flat year-over-year [4, 6, 14, 15] Growth Drivers - CTV represented nearly 45% of total advertiser spend in Q2 2025 [5] - Advertiser spend linked to Household ID increased 15% year-over-year [5] - The company established a growth pipeline of over $250 million in potential annualized ad spend opportunities [5] Stock Repurchase and Valuation - The company purchased 38 million shares of Class A common stock for a total of $502 million from May 1, 2024, through August 8, 2025, including $285 million year-to-date through August 8, 2025 [5, 19] - As of June 30, 2025, the company had a healthy cash & cash equivalents balance of $173 million and no debt outstanding [5] Q3 2025 Guidance - The company projects revenue between $835 million and $865 million, representing a 6% year-over-year increase at the midpoint [16] - The company projects contribution ex-TAC between $510 million and $530 million, representing a 10% year-over-year increase at the midpoint [16]

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 ...

Second Quarter 2025 Financial Results Overview Viant Technology reported strong Q2 2025 financial performance with double-digit growth across key metrics and significant business achievements [Q2 2025 Financial Performance (GAAP & Non-GAAP)](index=1&type=section&id=Second%20Quarter%202025%20Financial%20Highlights) Viant Technology reported strong double-digit year-over-year growth in Q2 2025 across key financial metrics, including revenue, gross profit, contribution ex-TAC, and adjusted EBITDA. Net income attributable to Viant Technology Inc. saw a significant increase Q2 2025 Financial Performance | Metric | Q2 2025 (in thousands) | Q2 2024 (in thousands) | Change (%) | | :----------------------------------- | :--------------------- | :--------------------- | :--------- | | **GAAP** | | | | | Revenue | $77,853 | $65,866 | 18 % | | Gross profit | $35,883 | $30,744 | 17 % | | Net income | $1,787 | $1,488 | 20 % | | Net income attributable to Viant Technology Inc. | $290 | $55 | 427 % | | Earnings per share of Class A common stock—basic | $0.02 | $0.00 | NM | | Earnings per share of Class A common stock—diluted | $0.02 | $0.00 | NM | | **Non-GAAP** | | | | | Contribution ex-TAC | $48,372 | $41,558 | 16 % | | Adjusted EBITDA | $11,283 | $9,600 | 18 % | | Non-GAAP net income | $8,012 | $7,207 | 11 % | | Non-GAAP earnings per share of Class A common stock—basic | $0.10 | $0.08 | 25 % | | Non-GAAP earnings per share of Class A common stock—diluted | $0.09 | $0.08 | 13 % | [Recent Business Achievements](index=1&type=section&id=Recent%20Business%20Highlights) Viant achieved record CTV ad spend, launched the third phase of ViantAI, established a substantial growth pipeline with major U.S. advertisers, and continued its stock repurchase program - Generated record Connected TV (CTV) ad spend in the second quarter, accounting for approximately **45% of total ad spend** on the platform[3](index=3&type=chunk) - Launched the third phase of the ViantAI product suite, 'AI Measurement and Analysis,' designed to revolutionize reporting with on-demand insights[3](index=3&type=chunk) - Established a growth pipeline of over **$250 million** in potential annualized ad spend opportunities associated with major U.S. advertisers[3](index=3&type=chunk) - Purchased **3.8 million shares** of Class A common stock from May 1, 2024, through August 8, 2025, for a total of **$50.2 million**, including **$28.5 million** year-to-date[3](index=3&type=chunk) - Appointed ad-tech industry veteran and AI expert, Brett Wilson, to the Viant board of directors as an independent director[4](index=4&type=chunk) [Management Commentary](index=1&type=section&id=Management%20Commentary) CEO Tim Vanderhook highlighted record Q2 results driven by strategic execution, including advancements in CTV Direct Access and addressability solutions, and the successful launch of AI Measurement and Analysis. CFO Larry Madden emphasized strong revenue, contribution ex-TAC, and adjusted EBITDA growth, along with a robust new business pipeline - CEO Tim Vanderhook noted record Q2 results, driven by strategic priorities like advancing CTV Direct Access, expanding Household ID and IRIS_ID, and launching ViantAI's AI Measurement and Analysis[2](index=2&type=chunk) - CFO Larry Madden reported **18% revenue growth**, **16% contribution ex-TAC growth**, and **18% adjusted EBITDA growth** year-over-year, citing a robust pipeline of new business opportunities with major U.S. advertisers[4](index=4&type=chunk) Financial Outlook & Company Information This section provides Q3 2025 financial guidance, an overview of Viant Technology Inc., forward-looking statements, and investor contact details [Q3 2025 Financial Guidance](index=3&type=section&id=For%20the%20third%20quarter%202025,%20the%20Company%20expects) Viant provided guidance for Q3 2025, expecting revenue between $83.5 million and $86.5 million, and adjusted EBITDA between $14.0 million and $15.0 million Q3 2025 Financial Guidance | Metric | Q3 2025 Guidance (in millions) | | :-------------------------- | :----------------------------- | | Revenue | $83.5 - $86.5 | | Contribution ex-TAC | $51.0 - $53.0 | | Non-GAAP operating expenses | $37.0 - $38.0 | | Adjusted EBITDA | $14.0 - $15.0 | [About Viant Technology Inc.](index=4&type=section&id=About%20Viant) Viant Technology Inc. is a leader in AI-powered programmatic advertising, offering an omnichannel platform for connected TV campaigns. The company is focused on autonomous advertising solutions and has received industry recognition - Viant Technology Inc. (NASDAQ: DSP) is a leader in AI-powered programmatic advertising, dedicated to driving innovation in digital marketing with an omnichannel platform built for connected TV[12](index=12&type=chunk) - The company is building the future of fully autonomous advertising solutions with ViantAI and has been recognized with awards such as Best Demand-Side Platform by MarTech Breakthrough and the Business Intelligence Group's AI Excellence Award[12](index=12&type=chunk) [Forward-Looking Statements](index=4&type=section&id=Forward-Looking%20Statements) This section contains standard forward-looking statements regarding future performance, operating results, growth prospects, and strategic initiatives, emphasizing that actual results may differ due to various risks and uncertainties - The press release contains forward-looking statements, including financial guidance, growth prospects, strategic priorities, and impacts from ViantAI, which are subject to risks and uncertainties that may cause actual results to differ materially[13](index=13&type=chunk)[14](index=14&type=chunk) [Investor Relations & Contacts](index=3&type=section&id=Investor%20Relations%20%26%20Contacts) Viant provides details for accessing supplemental financial information, conference call and webcast details, and contact information for media and investors. The company also outlines its official channels for investor communication - Supplemental financial and other information can be accessed through Viant's Investor Relations website at investors.viantinc.com, with the Quarterly Report on Form 10-Q expected to be filed on August 11, 2025[8](index=8&type=chunk)[9](index=9&type=chunk) - Viant will host a conference call and webcast to discuss financial results on Monday, August 11, 2025, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time), accessible via its Investor Relations website[10](index=10&type=chunk) - Viant uses its Investor Relations website, LinkedIn accounts of its CEO and COO, and X (formerly Twitter) accounts (@viant_tech, @cvanderhook) to post information important to investors[10](index=10&type=chunk) Condensed Consolidated Financial Statements (GAAP) This section presents Viant Technology Inc.'s GAAP condensed consolidated statements of operations, balance sheets, and cash flows [Condensed Consolidated Statements of Operations](index=5&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) The condensed consolidated statements of operations show revenue growth for both the three and six months ended June 30, 2025, compared to 2024, alongside changes in operating expenses and net income/loss Condensed Consolidated Statements of Operations | Metric (in thousands) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------------ | :------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | | Revenue | $77,853 | $65,866 | $148,495 | $119,259 | | Total operating expenses | $77,841 | $66,637 | $153,342 | $125,722 | | Income (loss) from operations | $12 | $(771) | $(4,847) | $(6,463) | | Net income (loss) | $1,787 | $1,488 | $(1,520) | $(1,726) | | Net income (loss) attributable to Viant Technology Inc. | $290 | $55 | $(900) | $(892) | | Basic EPS (Class A common stock) | $0.02 | $0.00 | $(0.06) | $(0.05) | | Diluted EPS (Class A common stock) | $0.02 | $0.00 | $(0.06) | $(0.05) | [Condensed Consolidated Balance Sheets](index=7&type=section&id=CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) The condensed consolidated balance sheets present the company's financial position as of June 30, 2025, compared to December 31, 2024, showing changes in assets, liabilities, and stockholders' equity Condensed Consolidated Balance Sheets | Metric (in thousands) | As of June 30, 2025 | As of December 31, 2024 | | :------------------------------------ | :------------------ | :---------------------- | | Cash and cash equivalents | $172,816 | $205,048 | | Accounts receivable, net of allowances | $135,338 | $146,951 | | Total current assets | $315,750 | $362,489 | | Total assets | $397,972 | $440,804 | | Total current liabilities | $123,379 | $145,451 | | Total liabilities | $142,369 | $166,729 | | Total equity | $255,603 | $274,075 | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) The condensed consolidated statements of cash flows detail the cash generated from or used in operating, investing, and financing activities for the six months ended June 30, 2025, and 2024 Condensed Consolidated Statements of Cash Flows | Cash Flow Activity (in thousands) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :-------------------------------- | :----------------------------- | :----------------------------- | | Net cash provided by operating activities | $16,482 | $18,207 | | Net cash used in investing activities | $(12,566) | $(8,758) | | Net cash used in financing activities | $(36,148) | $(16,163) | | Net decrease in cash and cash equivalents | $(32,232) | $(6,714) | | Cash and cash equivalents at end of period | $172,816 | $209,744 | Non-GAAP Financial Measures and Reconciliations This section defines Viant's key non-GAAP financial measures and provides detailed reconciliations to their GAAP equivalents [Definitions and Rationale for Non-GAAP Measures](index=9&type=section&id=Non-GAAP%20Financial%20Measures_Definitions) This section defines key non-GAAP financial measures used by Viant, including Contribution ex-TAC, Non-GAAP operating expenses, Adjusted EBITDA, Non-GAAP net income, and Non-GAAP earnings per share, explaining their relevance to management and investors - Contribution ex-TAC is a key profitability measure, calculated as gross profit plus other platform operations expense, used by management and the board to evaluate operating performance and trends[23](index=23&type=chunk) - Non-GAAP operating expenses exclude Traffic Acquisition Costs (TAC), stock-based compensation, depreciation, amortization, and certain non-core items, providing insight into core controllable costs[24](index=24&type=chunk) - Adjusted EBITDA is defined as net income (loss) before interest, taxes, depreciation, amortization, stock-based compensation, and certain non-core items, used to evaluate core operating performance and trends[25](index=25&type=chunk) - Non-GAAP net income (loss) and Non-GAAP earnings (loss) per share adjust GAAP figures for stock-based compensation, certain non-core items, and their tax effects, aiding in period-to-period comparisons and strategic decisions[27](index=27&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk) [Reconciliation of Non-GAAP Financial Measures to GAAP](index=10&type=section&id=Reconciliation%20of%20Non-GAAP%20Financial%20Measures) Detailed tables are provided to reconcile non-GAAP financial measures such as Contribution ex-TAC, Non-GAAP operating expenses, Adjusted EBITDA, Non-GAAP net income, and Non-GAAP EPS to their most directly comparable GAAP counterparts for the reported periods Contribution ex-TAC Reconciliation | Metric (in thousands) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------ | :------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | | Gross profit | $35,883 | $30,744 | $66,445 | $54,257 | | Add: Other platform operations | $12,489 | $10,814 | $24,657 | $21,422 | | **Contribution ex-TAC** | **$48,372** | **$41,558** | **$91,102** | **$75,679** | Non-GAAP Operating Expenses Reconciliation | Metric (in thousands) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------ | :------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | | Total operating expenses | $77,841 | $66,637 | $153,342 | $125,722 | | Less: Traffic acquisition costs | $(29,481) | $(24,308) | $(57,393) | $(43,580) | | Less: Stock-based compensation | $(6,343) | $(5,537) | $(11,982) | $(9,977) | | Less: Depreciation and amortization | $(4,559) | $(4,167) | $(8,883) | $(8,313) | | **Non-GAAP operating expenses** | **$37,089** | **$31,958** | **$74,417** | **$63,004** | Adjusted EBITDA Reconciliation | Metric (in thousands) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------ | :------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | | Net income (loss) | $1,787 | $1,488 | $(1,520) | $(1,726) | | Add back: Interest income, net | $(1,484) | $(2,359) | $(3,208) | $(4,740) | | Add back: Provision for (benefit from) income taxes | $(291) | $99 | $(444) | — | | Add back: Depreciation and amortization | $4,559 | $4,167 | $8,883 | $8,313 | | Add back: Stock-based compensation | $6,343 | $5,537 | $11,982 | $9,977 | | **Adjusted EBITDA** | **$11,283** | **$9,600** | **$16,685** | **$12,675** | Non-GAAP Net Income Reconciliation | Metric (in thousands) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------ | :------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | | Net income (loss) | $1,787 | $1,488 | $(1,520) | $(1,726) | | Add back: Stock-based compensation | $6,343 | $5,537 | $11,982 | $9,977 | | Less: Income tax benefit (expense) related to Viant Technology Inc.'s share of non-GAAP pre-tax income (loss) | $(487) | $(486) | $(653) | $(547) | | **Non-GAAP net income** | **$8,012** | **$7,207** | **$10,801** | **$8,555** | Non-GAAP EPS Reconciliation | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------ | :------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | | Basic EPS (Class A common stock) | $0.02 | $0.00 | $(0.06) | $(0.05) | | Non-GAAP Basic EPS (Class A common stock) | $0.10 | $0.08 | $0.14 | $0.09 | | Diluted EPS (Class A common stock) | $0.02 | $0.00 | $(0.06) | $(0.05) | | Non-GAAP Diluted EPS (Class A common stock) | $0.09 | $0.08 | $0.12 | $0.09 |