Viant Technology Inc. (NASDAQ:DSP) Q2 2024 Earnings Conference Call August 12, 2024 5:00 PM ET Company Participants Nicole Kunzman - IR, The Blueshirt Group Tim Vanderhook - Co-Founder and CEO Chris Vanderhook - Co-Founder and COO Larry Madden - CFO Conference Call Participants Andrew Marok - Raymond James Jason Kreyer - Craig-Hallum Laura Martin - Needham Maria Ripps - Canaccord Genuity Matt Condon - Citizens JMP Chris Kuntarich - UBS Operator Hello everyone and welcome to Viant Technology's Second Quarter ...

VIANT. 1 EARNINGS PRESENTATION Q2 2024 August 12, 2024 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 phr ...

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, 2024 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 ________________________________________________________________________________________________________________________ ...

Exhibit 99.1 Viant Technology Announces Second Quarter 2024 Financial Results IRVINE, Calif., Aug. 12, 2024 – Viant Technology Inc. (Nasdaq: DSP), a leading advertising technology company, today reported financial results for its second quarter ended June 30, 2024. "We are very pleased with our second quarter results, marked by record advertiser spend on our platform," said Tim Vanderhook, CoFounder and CEO, Viant. "We are seeing a market shift where advertisers are increasingly looking for alternatives to ...

Company Overview - Viant Technology Inc. is currently experiencing significant activity in the options market, particularly with the Jul 19, 2024 $2.50 Put option showing high implied volatility, indicating expectations of a substantial price movement [1] - The company holds a Zacks Rank 2 (Buy) in the Technology Services industry, which is positioned in the top 24% of the Zacks Industry Rank [3] Earnings Estimates - Over the past 60 days, one analyst has raised the earnings estimates for the current quarter, while no analysts have lowered their estimates, resulting in an increase in the Zacks Consensus Estimate from earnings of 8 cents per share to 10 cents per share [3] Market Sentiment - The high implied volatility in Viant's options suggests that traders are anticipating a significant price movement, potentially due to an upcoming event that could lead to either a rally or a sell-off [2][4]

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]