Viant(US:DSP)2025-08-11 21:00Financial 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]