LukaTDB/E+ via Getty Images Viant Technology's Business Background Viant Technology's solutions have been experiencing strong demand from key markets. The largest impact for Viant was the CTV (connected TV) market. Viant increased revenue by 28% in Q1 2024 over Q1 2023. Viant stated that this was driven by a 50% year-over-year increase in the CTV market. Viant is growing market Viant's Attractive Valuation Viant Technology (DSP) Weekly Stock Chart with RSI (TradingView) My opinion is that Viant will continu ...

Group 1 - Viant Technology (DSP) has returned 39.8% year-to-date, significantly outperforming the average return of 5.4% for the Business Services sector [4] - The Zacks Consensus Estimate for DSP's full-year earnings has increased by 22.7% over the past 90 days, indicating improved analyst sentiment and a stronger earnings outlook [3] - Viant Technology is part of the Technology Services industry, which has an average gain of 16.4% this year, further highlighting DSP's superior performance [6] Group 2 - Futu Holdings Limited Sponsored ADR (FUTU) has also outperformed the sector with a year-to-date return of 38% and has a Zacks Rank of 2 (Buy) [4][5] - The consensus EPS estimate for Futu Holdings has increased by 1.5% over the past three months, reflecting positive analyst sentiment [5] - Both Viant Technology and Futu Holdings are noteworthy stocks within the Business Services sector for their strong performance [7]

Viant Technology (DSP) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this advertising software company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earn ...

Viant Technology (DSP) closed the last trading session at $8.88, gaining 0.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $11.17 indicates a 25.8% upside potential. The mean estimate comprises six short-term price targets with a standard deviation of $2.40. While the lowest estimate of $7 indicates a 21.2% decline from the current price level, the most optimistic analyst expect ...

Financial Data and Key Metrics - Revenue for Q1 2024 was $53.4 million, a 28% increase year-over-year, exceeding the high-end of guidance [11] - Contribution ex-TAC for Q1 was $34.1 million, up 22% year-over-year, above the midpoint of guidance [11] - Adjusted EBITDA for Q1 was $3.1 million, above the high-end of guidance and a $3.5 million increase from the prior year [12] - Adjusted EBITDA margin as a percentage of contribution ex-TAC was 9%, a 10 percentage point improvement year-over-year [12] - The company ended Q1 with $206 million in cash and cash equivalents, $227 million in positive working capital, and no debt [62] Business Line Performance - CTV grew over 50% year-over-year and represented over 40% of total ad spend on the platform [32] - Streaming audio achieved record spend levels, nearly doubling year-over-year, and accounted for 10% of total ad spend [6][32] - Video, including CTV, represented 60% of total ad spend on the platform in Q1 [61] - Over 50% of CTV spend in Q1 was through the Direct Access program, up from over 40% in Q4 [59] Market Performance - CTV and streaming audio together represented more than half of total ad spend on the platform in Q1 [71] - The company is capturing market share in CTV due to its Direct Access program, which connects customers directly with premium CTV inventory from Disney and Paramount [5][30] - Streaming audio is gaining momentum due to its scale, premium content, and targeting capabilities [6][86] Strategic Direction and Industry Competition - The company's vision for autonomous advertising includes simplifying programmatic ad buying, leveraging AI-driven automation, and providing comprehensive campaign reporting [8] - The Household ID technology is a key differentiator, enabling superior campaign performance across all channels [7][69] - The company is investing in AI-based features and products, including AI Bid Optimizer 2.0 and Chat with Data, to drive efficiency and higher return on ad spend [9][74][98] - The company expects to continue outpacing overall market growth, with contribution ex-TAC growing faster than non-GAAP operating expenses [79] Management Commentary on Operating Environment and Future Outlook - The company expects Q2 2024 revenue to be in the range of $63.5 million to $66.5 million, representing a 14% year-over-year increase [34] - Contribution ex-TAC for Q2 is expected to be in the range of $40 million to $42 million, representing 22% year-over-year growth [34] - The company expects adjusted EBITDA for Q2 to be in the range of $8 million to $9 million, a 25% year-over-year increase [63] - The company remains optimistic about its prospects, with a large pipeline of highly scalable advertisers and strong customer adoption of its newer products [78][79] Other Important Information - The company has authorized a share repurchase program of up to $50 million of its common shares [102] - The company has a strong partnership with Roku, leveraging the Roku ID match to the Viant Household ID [105] - The company has made progress in the political advertising category, with high hopes for revenue growth in this vertical [51] Q&A Session Summary Question: Linearity of demand in Q1 and visibility into the back half of 2024 - Demand in Q1 built throughout the quarter, with each month being better than the prior month [16] - The company expects to continue outpacing the market, with U.S. programmatic growth expectations in the 15% to 16% range [82] Question: Drivers behind the growth in streaming audio - Streaming audio benefits from high ad recall rates, dedicated listeners, and increasing supply from major audio platforms [40][108] Question: Expansion of the Direct Access program beyond Disney and Paramount - The company is focused on adding more premium CTV partners and expects this trend to continue throughout the year [46] Question: Impact of Google's delay in cookie deprecation - The company remains focused on making programmatic ad buying easy and efficient, with less than 10% of ad spend utilizing cookies across its platform [84] Question: Growth in the political advertising category - The company has made significant progress in political advertising and expects digital to be a significant beneficiary this year [51] Question: Success in moving upstream with mid-market customers - The company is seeing increased spend from mid-market customers due to strong results and word-of-mouth referrals [113]

1 SAFE HARBOR ▪ Adjusted EBITDA outperformance was driven by strong top-line growth and controlled growth in expenses, creating meaningful operating leverage which resulted in a 10 percentage point EBITDA margin(1) improvement YoY VIANT. April 30, 2024 2 +$3.8 million Note: Amounts shown are rounded for ease of presentation. Please refer to the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, for the Company's actual financial results. Contribution ex-TAC, non-GAAP operating exp ...

OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_______to_______ Commission File Number: 001-40015 ______________________________________________________________________________________________________________________________________________________ Viant Technology Inc. (Exact name of registrant as specified in its charter) _____________________________________________________________________________________________________________ ...

Exhibit 99.1 Viant Technology Announces First Quarter 2024 Financial Results; Board of Directors Authorizes $50 Million Stock Repurchase Program IRVINE, Calif., Apr. 30, 2024 – Viant Technology Inc. (Nasdaq: DSP), a leading advertising technology company, today reported financial results for its first quarter ended March 31, 2024. "We had a strong start to the year as the momentum we saw in the second half of 2023 continued through the first quarter," said Tim Vanderhook, Co-Founder and CEO, Viant. "Our per ...

The economy is recovering after the rate hike’s turbulent effects. Sharp investors are looking for opportunities to profit from this turnaround. In a dynamic macroeconomic environment, several industries and businesses are efficient in adapting and strategically positioning themselves to capitalize on the resurgence of demand. These three businesses, which stand for different industries, are in the construction, digital advertising, and technology distribution sectors.First, with a strategic focus on profit ...

The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Viant Technology (DSP) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.Viant Technology is a member of the Business Services sector. This group includes 314 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Secto ...