Financial Performance - Revenue for Q1 2025 was $70.6 million, a 32% increase from $53.4 million in Q1 2024[104] - Gross profit for Q1 2025 was $30.6 million, representing a 30% increase from $23.5 million in Q1 2024[104] - Non-GAAP net income for Q1 2025 was $2.8 million, a 109% increase from $1.3 million in Q1 2024[104] - Adjusted EBITDA for Q1 2025 was $5.4 million, reflecting a 76% increase from $3.1 million in Q1 2024[104] - Revenue for the three months ended March 31, 2025, was $70,642 million, an increase of $17,249 million or 32% compared to $53,393 million in the same period of 2024[113] - Adjusted EBITDA for the three months ended March 31, 2025, was $5,402 million, a 76% increase from $3,075 million in the same period of 2024[124] - Non-GAAP net income rose to $2,816 million, a 109% increase compared to $1,348 million in the prior year[124] - Net loss for Q1 2025 was $3,307,000, slightly higher than the net loss of $3,214,000 in Q1 2024[142] Expenses and Costs - Total platform operations expenses rose by $10,200 million, or 34%, reaching $40,080 million, primarily due to an $8,641 million increase in traffic acquisition costs[114] - Sales and marketing expenses increased by $1,330 million, or 10%, totaling $14,229 million, driven by higher personnel costs and stock-based compensation[115] - Technology and development expenses grew by $1,679 million, or 32%, amounting to $6,911 million, mainly due to increased personnel and technology costs[116] - General and administrative expenses increased by $3,207 million, or 29%, reaching $14,281 million, largely due to higher travel, personnel, and bad debt expenses[117] - Non-GAAP operating expenses for Q1 2025 were $37,327,000, compared to $31,046,000 in Q1 2024, marking a 20% increase[131] Market and Strategic Outlook - The advertising technology market is shifting towards programmatic advertising, with the company positioned to capture a larger share of customer budgets[105] - The company expects continued growth in customer adoption of its newer products and platform features, driving incremental revenue[106] - The company’s ViantAI product suite aims to optimize advertising campaigns and improve efficiency, contributing to long-term growth[102] - Seasonal fluctuations in revenue are expected, with the fourth quarter typically reflecting the highest advertising activity[110] - Macroeconomic conditions and geopolitical events may impact the company's performance and advertising market dynamics[108] Cash Flow and Capital Management - Cash and cash equivalents decreased to $173.9 million as of March 31, 2025, down from $205.0 million as of December 31, 2024[149] - The company has a working capital of $199.0 million as of March 31, 2025, compared to $217.0 million as of December 31, 2024[149] - Cash flows used in operating activities for the three months ended March 31, 2025, were $(4.5) million, compared to $3.8 million for the same period in 2024[167][168] - Cash flows used in investing activities were $4.0 million for the three months ended March 31, 2025, primarily due to $3.6 million in capitalized software investments[170] - Cash flows used in financing activities amounted to $22.7 million for the three months ended March 31, 2025, mainly from $17.0 million for stock repurchases[173] - The net decrease in cash and cash equivalents was $(31.2) million for the three months ended March 31, 2025, compared to $(10.4) million for the same period in 2024[165] Shareholder Actions - The company repurchased 1.2 million shares of Class A common stock for $17.4 million during the three months ended March 31, 2025[160] - The company has a $75.0 million senior secured revolving credit facility with no outstanding balance as of March 31, 2025[161] - The company has undrawn availability of up to $74.1 million under its revolving credit facility as of March 31, 2025[161] Future Commitments - The company plans to invest in platform operations and technology to enhance product capabilities, anticipating increased operating expenses in the long term[107] - The company intends to continue investing in critical areas of its business throughout 2025 to accelerate product demand and growth[151] - Future minimum payments under non-cancelable operating leases are estimated at approximately $4.4 million for the remainder of 2025[153] - The total unrecorded liability for the Tax Receivable Agreement (TRA) is approximately $10.7 million as of March 31, 2025[157] Operational Performance - Contribution ex-TAC increased by $8,608 million, or 25%, totaling $42,729 million, reflecting improved operational performance[124] - Adjusted EBITDA as a percentage of contribution ex-TAC was 13% in Q1 2025, up from 9% in Q1 2024[139] - Stock-based compensation for Q1 2025 was $5,639,000, up from $4,440,000 in Q1 2024[142] - A significant decrease of $15.2 million in accounts receivable was noted, attributed to higher sales and seasonal fluctuations[167] - The company reported a net increase of $24.7 million in accounts payable and accrued liabilities related to the timing of payments[167] - There have been no material changes in the company's exposure to market risk during the three months ended March 31, 2025[178]

Financial Performance - Revenue for Q1 2025 reached $70,642,000, representing a 32% increase year-over-year from $53,393,000[2] - Gross profit for Q1 2025 was $30,562,000, a 30% increase compared to $23,513,000 in Q1 2024[2] - Contribution ex-TAC grew by 25% year-over-year, totaling $42,729,000 in Q1 2025[2] - Adjusted EBITDA for Q1 2025 was $5,402,000, reflecting a 76% increase from $3,075,000 in Q1 2024[2] - Non-GAAP net income for Q1 2025 was $2,816,000, a 109% increase from $1,348,000 in Q1 2024[2] - Revenue for Q1 2025 was $70,642,000, a 32.3% increase from $53,393,000 in Q1 2024[33] - Gross profit for Q1 2025 was $30,562,000, up 30% from $23,513,000 in Q1 2024[33] - Contribution ex-TAC for Q1 2025 reached $42,729,000, representing a 25.3% increase from $34,121,000 in Q1 2024[33] - Adjusted EBITDA for Q1 2025 was $5,402,000, a 75.5% increase from $3,075,000 in Q1 2024[35] - Non-GAAP net income for Q1 2025 was $2,816,000, compared to $1,348,000 in Q1 2024[37] Shareholder Returns - The company repurchased 1.8 million shares year-to-date, deploying $24.9 million through its buyback program[4] - The company increased its share repurchase authorization by $50 million, demonstrating commitment to shareholder returns[1] - The company repurchased $17,025 thousand in stock related to the stock repurchase program during the three months ended March 31, 2025[21] Future Guidance - For Q2 2025, the company expects revenue in the range of $77.0 million to $80.0 million[10] - The adjusted EBITDA guidance for Q2 2025 is projected to be between $10.5 million and $11.5 million[10] Assets and Liabilities - Total current assets decreased from $362,489 thousand as of December 31, 2024, to $315,762 thousand as of March 31, 2025, representing a decline of approximately 12.9%[19] - Total assets decreased from $440,804 thousand as of December 31, 2024, to $394,515 thousand as of March 31, 2025, a reduction of about 10.5%[19] - Total current liabilities decreased from $145,451 thousand as of December 31, 2024, to $116,722 thousand as of March 31, 2025, a decrease of approximately 19.8%[19] Net Loss and Operating Expenses - Net loss for the three months ended March 31, 2025, was $3,307 thousand, compared to a net loss of $3,214 thousand for the same period in 2024, indicating a slight increase in losses[21] - Total operating expenses for Q1 2025 were $75,501,000, a 27.8% increase compared to $59,085,000 in Q1 2024[34] - Non-GAAP operating expenses for Q1 2025 were $37,327,000, up 20.2% from $31,046,000 in Q1 2024[34] - Net loss for Q1 2025 was $3,307,000, slightly higher than the net loss of $3,214,000 in Q1 2024[35] - Net loss as a percentage of gross profit improved to 11% in Q1 2025 from 14% in Q1 2024[36] Key Performance Metrics - Adjusted EBITDA is a key measure used by management to evaluate core operating performance and trends, although specific figures for adjusted EBITDA were not provided in the documents[25] - Contribution ex-TAC is a key profitability measure used by management to understand operating performance, although specific figures were not disclosed in the documents[23] - Non-GAAP earnings per share of Class A common stock is adjusted to eliminate the impact of stock-based compensation and other non-core items, aiding in the evaluation of operational performance[29] - Adjusted EBITDA as a percentage of contribution ex-TAC increased to 13% in Q1 2025 from 9% in Q1 2024[36]

Financial Performance Highlights - Revenue increased by 32% year-over-year to $706 million[4, 8] - Contribution ex-TAC increased by 25% year-over-year to $427 million[4, 8] - Adjusted EBITDA increased by 76% year-over-year[4, 12] - Adjusted EBITDA margin was 13%, expanding approximately 360 basis points year-over-year[4, 14] - The company has healthy cash & cash equivalents balance of $174 million and no debt outstanding as of March 31, 2025[4] Growth Drivers - CTV eclipsed 45% of total advertiser spend on the platform, reaching a new all-time high as a percent of total advertiser spend[4] - The company has seven consecutive quarters of YoY contribution ex-TAC growth over 20%[4, 10, 16] - The company has nine consecutive quarters of YoY adjusted EBITDA growth of over 30%[4, 14, 15] Share Repurchase Program - The company purchased 35 million shares of Class A common stock from May 1, 2024 through May 2, 2025 for a total of $465 million, including $249 million year-to-date through May 2, 2025[4, 22] - The company approved an increase to the existing share repurchase program on May 5, 2025, enabling the Company to repurchase up to an additional $50 million of the Company's common equity[4, 22] Q2 2025 Guidance - Revenue is expected to be between $770 million and $800 million, a 19% year-over-year increase at the midpoint[19] - Contribution ex-TAC is expected to be between $475 million and $495 million, a 17% year-over-year increase at the midpoint[19] - Adjusted EBITDA is expected to be between $105 million and $115 million, a 15% year-over-year increase at the midpoint[19] - Adjusted EBITDA Margin is expected to be between 22% and 23%[19]

Core Insights - Viant Technology Inc. has a scalable, fixed-cost-heavy structure that allows it to convert modest revenue growth into significant profitability [1] - The company returned to profitability in 2024, indicating a positive turnaround in its financial performance [1] - Viant's strong balance sheet enhances its financial flexibility, positioning it well for future growth [1] Financial Performance - Viant's return to profitability in 2024 marks a significant milestone for the company [1] - The company's financial structure is designed to leverage revenue growth effectively, leading to outsized profitability [1] Competitive Position - Comparisons with peers suggest that Viant's operational model may provide a competitive advantage in terms of profitability [1]

Financial Data and Key Metrics Changes - In Q4 2024, revenue reached $90.1 million, a 40% increase year-over-year, exceeding guidance by 6% [63] - Contribution ex-TAC for Q4 totaled $54.4 million, up 28% year-over-year, also above guidance [64] - For the full year 2024, revenue totaled $289.2 million, a 30% increase over 2023, with adjusted EBITDA rising to $44.4 million, up 53% year-over-year [60][62] Business Line Data and Key Metrics Changes - CTV ad spend increased over 40% in 2024, accounting for over 40% of total ad spend on the platform [14][68] - The number of customers generating significant levels of contribution ex-TAC increased by 42% year-over-year [65] - Direct access CTV ad spend increased nearly 70% in 2024, representing over 50% of total CTV ad spend on the platform [47] Market Data and Key Metrics Changes - CTV accounted for over 40% of ad spend on the platform, with a significant shift from linear TV to CTV expected [14][40] - The total addressable market for CTV is projected to grow from $30 billion to $90 billion as live sports transition to CTV [44] - The demand for addressability and measurable insights, especially in cookieless channels, is expected to continue growing [18] Company Strategy and Development Direction - The company is focused on enhancing its CTV targeting and measurement capabilities through acquisitions like Iris TV and Locker [52][79] - Viant AI is being rolled out in phases, with expectations to drive significant improvements in ad campaign planning and execution [26][33] - The strategy emphasizes addressing the needs of publishers and advertisers in the open Internet, particularly against the backdrop of competition from walled gardens [92] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth driven by CTV proliferation, leadership in addressability, and AI innovation [12][38] - The company anticipates that contribution ex-TAC will continue to outpace the broader US programmatic market, projected to grow approximately 13-14% [78] - Management highlighted the importance of strategic acquisitions in enhancing capabilities and driving long-term growth [79] Other Important Information - The company ended Q4 2024 with over $205 million in cash and cash equivalents, no debt, and a $75 million undrawn credit facility [73][74] - The acquisition of Locker is expected to accelerate the adoption of household ID and Iris ID, enhancing addressability solutions [25][106] Q&A Session Summary Question: Can you explain the logic behind the Locker acquisition? - Management explained that Locker reduces friction in integrating first-party data for publishers, allowing them to unlock multiple alternative IDs with a single integration [87][92] Question: How much revenue did Iris contribute in Q4? - Management indicated that Iris contributed about 1% of total revenue in the quarter [100] Question: What is the strategic fit of the Locker acquisition? - Management stated that Locker is primarily aimed at accelerating the adoption of household ID and Iris ID while serving as a utility for the open Internet [105][106] Question: How has the market been performing post-election? - Management noted that while there are mixed results across the industry, they experienced strong performance and do not see significant weakness in their results [116] Question: What are the expectations for scaling Viant AI in 2025? - Management highlighted that Viant AI is expected to increase wallet share and attract new customers due to its efficiency in planning and executing ad campaigns [130]

Financial Data and Key Metrics Changes - In Q4 2024, revenue reached $90.1 million, a 40% increase year-over-year, exceeding guidance by 6% [63] - Contribution ex-TAC for Q4 totaled $54.4 million, up 28% year-over-year, and 3% above guidance [64] - For the full year 2024, revenue totaled $289.2 million, a 30% increase over 2023, with adjusted EBITDA rising to $44.4 million, up 53% year-over-year [60][61] Business Line Data and Key Metrics Changes - CTV ad spend increased over 40% in 2024, accounting for over 40% of total ad spend on the platform [14][68] - The number of customers generating significant levels of contribution ex-TAC increased by 42% year-over-year [65] - Direct access CTV ad spend increased nearly 70% in 2024, representing over 50% of total CTV ad spend on the platform [47] Market Data and Key Metrics Changes - CTV accounted for over 40% of ad spend on the platform, with a notable increase in demand for addressability and measurable insights [14][18] - Political spending contributed just over 3% of total contribution ex-TAC in Q4, consistent with previous quarters [67] - The overall market for programmatic advertising is projected to grow approximately 13 to 14% in 2025 [78] Company Strategy and Development Direction - The company is focused on enhancing its CTV targeting and measurement capabilities through acquisitions like Iris TV and Locker [79] - Viant aims to leverage AI technology to improve advertising efficiency and effectiveness, with plans to roll out AI measurement and analysis in Q2 2025 [33][82] - The strategy includes positioning itself as a leader in addressability and measurement across all channels of the open Internet [22][37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth driven by CTV proliferation, leadership in addressability, and AI innovation [12][38] - The company anticipates that the shift of ad spend from linear TV to CTV will accelerate, with a total addressable market for CTV expected to grow significantly [44] - Management highlighted the importance of enabling publishers to utilize their first-party data effectively in the advertising ecosystem [92] Other Important Information - The company ended Q4 with over $205 million in cash and cash equivalents, with no debt [73] - The acquisition of Locker is expected to enhance the company's identity and addressability solutions, contributing to long-term growth [25][79] - The company has a share repurchase program in place, having purchased 2 million shares of Class A common stock [75] Q&A Session Summary Question: Can you explain the logic behind the Locker acquisition? - Management explained that Locker reduces friction in integrating household ID with publisher identity, making it easier for publishers to utilize their first-party data [87][92] Question: How much revenue did Iris contribute in the quarter? - Management indicated that Iris contributed about 1% of total revenue in the quarter [100] Question: What is the strategic fit of the Locker acquisition? - Management stated that Locker is primarily aimed at accelerating the adoption of household ID and Iris ID while serving as a utility for the open Internet [105] Question: How has the market been performing post-election? - Management noted that there is a mixed bag in the market, with significant exposure to display advertising being a weakness, but overall, they experienced strong performance [114][116] Question: What are the expectations for scaling Viant AI in 2025? - Management highlighted that Viant AI is expected to increase wallet share and attract new customers due to its efficiency in planning and executing campaigns [130]

Core Insights - Viant Technology reported quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.23 per share, representing an earnings surprise of -34.78% [1] - The company posted revenues of $54.36 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.94%, compared to year-ago revenues of $42.6 million [2] - Viant shares have increased approximately 5.3% since the beginning of the year, outperforming the S&P 500's gain of 1.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.03 on revenues of $41 million, and for the current fiscal year, it is $0.68 on revenues of $206.4 million [7] - The estimate revisions trend for Viant is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Technology Services industry, to which Viant belongs, is currently ranked in the top 31% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Advertising Market Growth - U.S. programmatic advertising is expected to grow at a 14% CAGR from 2023 to 2026, reaching $202.1 billion by 2026, representing 44% of total U.S. media spend[33]. - The U.S. CTV advertising market is forecasted to grow from $33 billion in 2025 to $42 billion in 2027, a 12% CAGR[46]. - The total global advertising market is projected to grow from $1.0 trillion in 2025 to $1.2 trillion in 2028, an 8% CAGR[37]. Product and Technology Innovations - The ViantAI product suite launched in 2024 aims to create a fully autonomous advertising experience, optimizing campaign management and execution[40]. - The Viant Data Platform integrates first-party data with third-party data, providing actionable insights and reporting opportunities[45]. - The Household ID™ (HHID) technology enables accurate reach and frequency management across channels, including cookieless environments[43]. - The self-service platform allows customers to manage ad campaigns efficiently, contributing to strong operating leverage as customer usage increases[51]. - Advanced reporting capabilities provide real-time insights, including conversion lift and multi-touch attribution analytics, enhancing campaign effectiveness[48]. - The advertising market is shifting from linear TV to CTV, with a focus on identity-based capabilities for better targeting and privacy compliance[51]. - The platform provides exclusive access to Household ID (HHID), enabling effective advertising in cookieless environments across CTV and mobile applications[54]. - The company integrates with over 70 data providers, allowing extensive audience data mapping based on purchase behaviors, location, and TV viewership insights[58]. - The platform features advanced reporting capabilities, linking advertising spend to both online and offline sales, enhancing measurement accuracy[57]. - The ViantAI suite includes AI Planning and AI Bidding, optimizing campaign performance and costs, with future enhancements planned for AI Measurement and Analysis[59]. Financial and Operational Strategy - The company plans to invest in acquisitions to expand product offerings and capitalize on market opportunities[51]. - The company expects technology and development expenses to increase as it invests in platform enhancements and additional advertising integrations[59]. - The sales strategy focuses on direct sales and consultative approaches, with a formal certification program to educate clients on platform capabilities[65]. - The platform offers flexible pricing options, including a percentage of spend and fixed cost per mille (CPM) options, catering to diverse customer needs[66]. Workforce and Culture - The company emphasizes a culture of inclusion and employee development, conducting annual surveys to gather feedback and drive new initiatives[76]. - As of December 31, 2024, the company had approximately 376 employees across 10 offices in North America, reflecting a diverse workforce[75]. - The company had approximately 376 employees across 10 offices in the United States by the end of 2024[86]. Competitive Landscape - The competitive landscape includes major players like The Trade Desk and Google, with the company differentiating itself through advanced reporting and identity resolution capabilities[73]. - The company has transformed from a full-service digital advertising provider to a leading Demand-Side Platform (DSP) since acquiring Adelphic in 2017[86]. Sustainability Initiatives - The company achieved carbon neutrality for known and measurable emissions by the end of 2023 through strategic collaborations and purchasing carbon offsets[81]. - The company offers a customer carbon reduction program called Adtricity to help partners reduce their GHG emissions based on their media spend[82]. - The company has joined Ad Net Zero and the IAB Tech Lab - Sustainability Working Group to promote sustainability initiatives in the advertising industry[82]. - The company has a commitment to finalize emissions metrics for 2024 and expects to purchase sufficient environmental attributes to address its emissions once calculated[81]. Regulatory and Financial Position - The company is classified as an Emerging Growth Company (EGC) and may take advantage of exemptions from various reporting requirements until it ceases to be an EGC[88]. - The company has no outstanding balances on its revolving credit facility as of December 31, 2024, indicating no market risk from interest rate changes[437]. - The company has not used any derivative financial instruments to manage interest rate risk exposure[437]. - As of December 31, 2024, the company held 57 issued patents, 21 pending patent applications, and 300 issued trademarks, with patents expiring between 2025 and 2041[84].

Financial Performance - Fourth quarter 2024 revenue reached $90.054 million, a 40% increase year-over-year, while full year revenue was $289.235 million, up 30% from 2023[3] - Contribution ex-TAC for Q4 2024 was $54.359 million, reflecting a 28% growth year-over-year, and for the full year, it was $177.390 million, a 24% increase[3] - Adjusted EBITDA for Q4 2024 was $17.091 million, a 31% increase year-over-year, and for the full year, it was $44.441 million, up 53% from 2023[3] - Net income for Q4 2024 was $7.720 million, a 133% increase year-over-year, while the full year net income was $12.452 million, compared to a net loss of $9.943 million in 2023[3] - Revenue for Q4 2024 reached $90.054 million, a 39.6% increase from $64.406 million in Q4 2023[19] - Net income attributable to Viant Technology Inc. was $1.747 million in Q4 2024, compared to $626,000 in Q4 2023, marking a significant improvement[19] - Non-GAAP net income for the three months ended December 31, 2024, was $13,831,000, compared to $10,845,000 in 2023, indicating a year-over-year increase of 28%[40] - The company reported a net income (loss) of $12,452,000 for the year ended December 31, 2024, compared to a loss of $(9,943,000) in 2023[38] - For the year ended December 31, 2024, the net income is $12,452,000 compared to a net loss of $9,943,000 for the year ended December 31, 2023[42] - Non-GAAP net income for 2024 is $34,661,000, while for 2023 it was $21,743,000, representing a significant increase[42] Operational Metrics - Cash flow from operations increased by 37% to $51.8 million for FY 2024[10] - Total operating expenses for Q4 2024 were $84.151 million, up from $63.524 million in Q4 2023, reflecting a 32.5% increase[19] - Total operating expenses for the year ended December 31, 2024, were $285,757,000, compared to $241,230,000 in 2023, reflecting an increase of 18%[36] - The company reported a net cash provided by operating activities of $51.767 million for the year ended December 31, 2024, compared to $37.752 million in 2023[23] Shareholder Actions - The company repurchased 2.0 million shares of Class A common stock for a total of $25.7 million, with $24.3 million remaining for future repurchases[10] - Basic earnings per share for 2024 is $0.15, up from a loss of $0.23 in 2023, indicating a positive turnaround[42] - Diluted earnings per share for 2024 is $0.14, compared to a loss of $0.23 in 2023, reflecting improved financial performance[42] - Earnings per share (diluted) increased to $0.10 in Q4 2024 from $0.14 in Q4 2023, a decrease of 29%[44] Assets and Liabilities - Cash and cash equivalents decreased to $205.048 million as of December 31, 2024, from $216.458 million at the end of 2023[21] - Accounts receivable increased to $146.951 million in 2024, compared to $117.473 million in 2023, indicating a 25.1% rise[21] - Total assets increased to $440.804 million in 2024, up from $404.911 million in 2023, representing an increase of 8.8%[21] Acquisitions and Partnerships - Viant completed the acquisition of Lockr in February 2025, enhancing its data collaboration capabilities[10] - The company achieved a 95% match rate for Household ID technology by expanding its partnership with TransUnion[10] Stock-Based Compensation - Stock-based compensation for the year ended December 31, 2024, was $21.034 million, down from $32.291 million in 2023, indicating a reduction of 34.8%[23] - The company reported stock-based compensation adjustments of $5,728 million for Q4 2024, compared to $7,556 million in Q4 2023, indicating a 24% reduction[44] Transaction Expenses - The company incurred transaction expenses of $1,742,000 related to recent acquisitions for the year ended December 31, 2024[37] - The company incurred transaction expenses of $1,358 million related to recent acquisitions in Q4 2024[44] Taxation - The estimated income tax effect for 2024 is calculated using a blended tax rate of 25%, compared to 21% for 2023[43] - The estimated income tax effect of the company's share of income (loss) was calculated using a blended tax rate of 25% for Q4 2024, compared to 21% for Q4 2023[45] Other Charges - Restructuring and other charges for 2024 were $467,000, slightly up from $465,000 in 2023[42] - Non-operational media purchases for 2024 totaled $1,271,000, with no such costs reported for 2023[42]

Group 1 - Viant Technology (DSP) is a notable stock within the Business Services sector, which consists of 288 companies and currently ranks 8 in the Zacks Sector Rank [2][3] - The Zacks Rank system, which focuses on earnings estimates and revisions, currently rates Viant Technology as 2 (Buy), indicating a positive outlook for the stock [3] - Year-to-date, Viant Technology has achieved a return of approximately 36.7%, significantly outperforming the Business Services sector average return of 10.8% [4] Group 2 - Viant Technology is part of the Technology Services industry, which includes 152 stocks and ranks 77 in the Zacks Industry Rank, with an average gain of 22.7% this year [6] - Another stock in the Business Services sector, Futu Holdings Limited Sponsored ADR (FUTU), has also shown strong performance with a year-to-date return of 44.8% [4] - Both Viant Technology and Futu Holdings Limited Sponsored ADR are expected to continue their solid performance, making them attractive options for investors in the Business Services sector [7]