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Mar 31, 2022
Viant Q1 2022 Earnings Report
Viant's first quarter results for 2022 were announced, showing revenue increase and growth in advertiser spend.
Key Takeaways
Viant Technology Inc. reported a 6% increase in revenue to $42.6 million for Q1 2022. Advertiser spend on the platform grew by 44%. The company reiterates its full year 2022 revenue guidance of $260.0 million to $270.0 million.
Revenue increased by 6% to $42.6 million.
Gross profit increased by 4% to $16.4 million.
Advertiser spend across the Adelphic platform grew 44%.
Active customers increased to 327, a 23% year-over-year increase.
Viant
Viant
Forward Guidance
For the second quarter 2022, the Company expects revenue in the range of $52.5 million to $55.0 million, representing year-over-year growth of approximately 4% to 9% and Adjusted EBITDA in the range of negative $(5.0) million to $(3.0) million. For the full year 2022, the Company is reiterating its previously issued guidance and expects revenue in the range of $260.0 million to $270.0 million, representing year-over-year growth of approximately 16% to 20% and Adjusted EBITDA in the range of $25.0 million to $35.0 million, reflecting continuing investments in Viant’s growth initiatives
Positive Outlook
- Revenue is expected to grow 4% to 9% year-over-year in Q2 2022.
- Full year revenue is projected to grow 16% to 20% year-over-year.
- The company is focused on investing in its business to drive long term growth.
- Company expects revenue between $52.5 million and $55.0 million for Q2 2022
- Company reiterates full year 2022 revenue guidance of $260 million to $270 million
Challenges Ahead
- Adjusted EBITDA is expected to be negative $(5.0) million to $(3.0) million in Q2 2022.
- Net loss was $13.6 million, or $(0.23) per diluted share of Class A common stock
- Non-GAAP net income (loss) was $(6.8) million, or $(0.09) per diluted share of Class A common stock
- Adjusted EBITDA was $(3.9) million
- Company expects Adjusted EBITDA between negative $(5.0) million and $(3.0) million for Q2 2022