Q4 & FY 2025 EARNINGS PRESENTATION March 11, 2026 1 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," "commit," "ensure," "target," "project," "pla ...

Core Viewpoint - Viant Technology's shares increased by 5.8% to close at $10.72, driven by strong trading volume and positive market sentiment despite a previous 7.7% decline over the past month [1] Group 1: Company Performance - The stock price increase is attributed to customer wins and growing demand for Connected TV and streaming audio, alongside the adoption of addressability solutions and the expansion of the ViantAI product suite [2] - Viant is expected to report quarterly earnings of $0.23 per share, reflecting a year-over-year increase of 53.3%, with revenues projected at $103.18 million, up 89.8% from the same quarter last year [3] - The consensus EPS estimate for Viant has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Group 2: Industry Context - Viant operates within the Zacks Technology Services industry, where another company, Parsons, experienced a 0.9% decline in its stock price, with a return of -3.6% over the past month [5] - Parsons' consensus EPS estimate has decreased by 7.1% over the past month to $0.7, representing a year-over-year decline of 10.3%, and it currently holds a Zacks Rank of 4 (Sell) [6]

Viant Technology Conference Summary Company Overview - **Company**: Viant Technology (NasdaqGS:DSP) - **Founded**: 1999 by Chris Vanderhook and his brother - **Business Model**: Initially focused on early internet advertising, transitioned to a self-service Demand-Side Platform (DSP) after acquiring Adelphic in 2015 and going public in 2021 [3][7][8] Industry Landscape - **Current Competitors**: Major players include Google, The Trade Desk, Yahoo, and Amazon [10] - **Market Dynamics**: The digital advertising landscape has consolidated, with a few key DSPs dominating the market [10] Key Strategic Focus Areas 1. **Addressability**: - **Household ID**: Achieves 80% addressability on bid requests, resolving 15 million requests per second [16] - **Competitor Comparison**: The Trade Desk has 20% addressability; LiveRamp ranges from 30%-35% [18] - **CTV Focus**: 90% addressability in Connected TV (CTV) advertising [16] 2. **Data Assets**: - **IRIS ID**: Provides content intelligence for targeted advertising in CTV, enhancing relevance for marketers [21][22] - **Content Partnerships**: Collaborations with major content owners to improve ad targeting [22][23] 3. **ViantAI**: - **AI Bidding**: Launched two years ago, with 85% customer adoption, saving clients 40% compared to human bidding [28] - **AI Planning**: Automates media planning in 60 seconds, with 30% customer adoption [30] - **AI Analysis & Measurement**: Automates insights generation for campaign performance [31] - **AI Decisioning**: Launched "Outcomes," a fully autonomous ad product aimed at reducing decision latency [32][34] Competitive Positioning - **Market Opportunity**: Targeting the $400 billion digital advertising market, with a focus on performance-based advertising [35] - **Differentiation**: Unlike competitors, Viant aims to deliver incremental growth for brands rather than just maintaining existing sales [38][39] - **CTV Advantage**: CTV channel shows 150%-200% growth potential compared to Google and Meta [47] Financial Insights - **Customer Base Expansion**: Recent win with Molson Coors highlights Viant's ability to attract larger clients traditionally served by competitors like DV360 [65] - **Unique Value Proposition**: Emphasizes the importance of unique data and inventory access to drive client decisions [66] Challenges and Risks - **Competitive Threats**: Acknowledges Amazon as a significant competitor due to its low cost of capital and aggressive pricing strategies [61][62] - **Market Perception**: Concerns about the durability of software business models in the face of AI advancements [50][53] Conclusion Viant Technology is strategically positioned in the digital advertising landscape with a focus on addressability, unique data assets, and AI-driven solutions. The company aims to differentiate itself by delivering performance-based advertising solutions that drive incremental growth for clients, particularly in the CTV space. However, it faces competitive pressures from established players like Amazon and must navigate market perceptions regarding the sustainability of its business model.

Summary of Viant Technology Conference Call Company Overview - **Company**: Viant Technology (NasdaqGS:DSP) - **Date**: March 03, 2026 - **Focus**: Autonomous advertising solutions leveraging AI technology Key Points Industry and Product Development - Viant has developed the **ViantAI platform**, focusing on autonomous advertising solutions, which includes several products released over the past few years [4][6] - **AI Bidding**: Launched over two years ago, this product automates bidding for advertisers, allowing Viant to optimize bids below the advertiser's maximum while fulfilling targeting parameters. Currently, **85% of spend on the platform utilizes AI Bidding** [7][8] - **AI Planning**: Introduced in September 2024, this product simplifies the DSP interface, enabling advertisers to create ad plans quickly by inputting basic information. This aims to attract a broader range of advertisers, including those unfamiliar with complex DSPs [9][10] - **Analysis and Measurement**: Launched in June 2025, this product provides instant performance insights without the need for extensive reports [11] - **AI Decisioning**: Rolled out on January 1, 2026, this product dynamically adjusts campaigns based on real-time market signals to optimize outcomes [11] Competitive Landscape - Viant aims to differentiate itself from competitors like **The Trade Desk** and **Google DV360** by leveraging proprietary data and high-fidelity signals, particularly through its **Household ID** and **IRIS_ID** systems [14][15] - Viant's **Household ID** can tie bids to households **80% of the time on the open internet and 90% on CTV**, significantly outperforming competitors [17] - The company emphasizes that its AI capabilities are superior due to the quality of its proprietary data, which enhances audience targeting [19] Market Positioning - Viant targets mid-sized brands and niche advertisers, contrasting with larger brands that may blanket the market with ads. The company focuses on sophisticated brand advertising for clients like **Whataburger** and **Sonic Drive-In** [20][21] - The recent win of **Molson Coors** highlights Viant's ability to attract larger clients seeking more sophisticated advertising solutions, particularly as traditional linear advertising declines [30][31] Financial Outlook - Viant has a **$250 million pipeline of enterprise spend**, indicating strong potential for revenue growth [25][30] - The company expects **high incremental margins** from increased spending, as AI-related costs have already been integrated into its operational structure over the past few years [56] Challenges and Threats - **Amazon** is identified as a significant competitive threat due to its vast resources and unique content offerings. However, Viant argues that Amazon's DSP is biased towards its own platforms, limiting its effectiveness for advertisers seeking independent solutions [52][55] Conclusion - Viant Technology is positioning itself as a leader in the autonomous advertising space through innovative AI-driven products and a focus on high-quality data. The company is well-prepared to capture market share from both traditional and digital advertising channels, particularly among mid-sized brands and performance advertisers.

Core Insights - Viant Technology Inc. has announced a strategic integration with iHeartMedia to enhance addressability, measurement, and programmatic innovation across various audio platforms including podcasts, streaming, and broadcast radio [1][4] Group 1: Partnership Details - The partnership combines iHeartMedia's extensive audio inventory with Viant's AI-powered platform, allowing advertisers to run addressable campaigns across iHeartMedia's audio network [2][4] - This integration includes access to iHeartMedia's podcast catalog, streaming audio, and broadcast radio, providing advertisers with greater precision, transparency, and performance [2][4] Group 2: Industry Impact - The collaboration marks a significant milestone for the programmatic advertising industry by integrating OTA broadcast radio into Viant's platform for the first time, showcasing the complementary nature of radio and podcasts in modern audio strategies [3] - The partnership aims to enhance audio advertising performance while delivering more relevant experiences for listeners, unifying the power of audio under a scalable, data-driven solution [4] Group 3: Company Background - Viant Technology Inc. is recognized as a leader in CTV and AI-powered programmatic advertising, focusing on innovation in digital marketing [5] - The company has received multiple awards for its AI-powered advertising solutions and is dedicated to building fully autonomous advertising solutions through its ViantAI platform [5]

Core Insights - Viant Technology's ViantAI has been awarded the winner in the Strategic AI Platform category at the 2025 Adweek Tech Stack Awards [1] Company Summary - Viant Technology is recognized for its innovative AI platform, ViantAI, which has achieved notable recognition in the advertising technology sector [1]

Core Insights - Viant Technology Inc. has been recognized as one of the best-performing small-cap tech stocks over the past three years [1] - Citizens JMP maintained a "Market Outperform" rating for Viant after its Q3 earnings report, adjusting the price target to $16 from $18 due to a strong quarterly performance [1] - The company reported revenue of $85.6 million, a 7% year-over-year increase, with contribution ex-TAC at approximately $53 million, up 12% year-over-year, and adjusted EBITDA of around $16.0 million, reflecting a 9% year-over-year increase [2] Financial Performance - Viant's revenue growth was attributed to increased demand for Connected TV (CTV), broader adoption of its Household ID / IRIS_ID addressability stack, and new brand acquisitions [2] - Excluding political spending and a seasonal advertiser that transitioned off-platform, revenue growth was approximately 19% and contribution ex-TAC growth was about 22% [2] - The guidance for Q4 includes contribution ex-TAC expected to be between $62 million and $64 million, and adjusted EBITDA projected at $22.5 million to $23.5 million [2] Company Overview - Viant Technology Inc. operates as an ad-tech company with a focus on privacy-centric, programmatic advertising, particularly in the Connected TV space [3] - The company utilizes proprietary identifiers and ViantAI to enhance targeting and measurement capabilities across the open internet [3]

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 phrases with similar meaning. Forward-looking statements s ...

Core Viewpoint - Viant Technology Inc. will release its third quarter 2025 financial results on November 10, 2025, followed by a conference call to discuss business and financial performance [1][2]. Company Overview - Viant Technology Inc. is a leader in CTV and AI-powered programmatic advertising, focusing on innovation in digital marketing [3]. - The company offers an omnichannel platform designed for CTV, enabling marketers to plan, execute, and measure campaigns with high precision and efficiency [3]. - Viant has launched ViantAI, aiming to create fully autonomous advertising solutions to help advertisers achieve their goals [3]. - The company has received multiple awards, including Best AI-Powered Advertising Solution and Best Demand-Side Platform by MarTech Breakthrough, and the AI Excellence Award from the Business Intelligence Group [3]. Upcoming Events - Viant's management team is scheduled to participate in several upcoming investor conferences, including: - Benchmark Tech, Media & Telecom Conference on September 4, 2025, in New York, NY - Piper Sandler Growth Frontiers Conference on September 10, 2025, in Nashville, TN - Wolfe Research TMT Conference on September 11, 2025, in San Francisco, CA [5][7].

Core Insights - Viant Technology Inc. has expanded its partnership with Tubi, enhancing advertisers' ability to reach addressable audiences with improved accuracy and scale through a new ID sync [2][4][5] Group 1: Partnership Details - The partnership allows advertisers to access over 100 million monthly active users and more than 300,000 movies and TV episodes on Tubi, leveraging Viant's capabilities in CTV and programmatic advertising [2][4] - Tubi's extensive AVOD reach combined with Viant's identity and measurement tools provides advertisers with greater transparency and performance [3][5] Group 2: Technological Enhancements - Viant's acquisition of IRIS.TV enables contextual and emotional targeting, enhancing the precision of advertising campaigns on Tubi [4][6] - The integration of IRIS_ID with Tubi's content allows for programmatic buying and measurement of video-level contextual and emotional data, driving stronger outcomes for advertisers [4][6] Group 3: Market Positioning - The collaboration exemplifies Viant's Direct Access program, which streamlines connections between advertisers and major streaming platforms, reducing reliance on intermediaries [5][6] - This partnership positions Viant as a leader in the evolving landscape of addressable advertising in CTV, catering to the growing demand for measurable advertising solutions [6]